Mizuho Has Lowered Expectations for Rapid7 (NASDAQ:RPD) Stock Price

Rapid7 (NASDAQ:RPD) had its price objective dropped by equities research analysts at Mizuho from $20.00 to $16.00 in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Mizuho’s target price suggests a potential upside of 22.14% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Scotiabank dropped their target price on Rapid7 from $20.00 to $18.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 5th. Wall Street Zen cut shares of Rapid7 from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Morgan Stanley restated an “outperform” rating and set a $18.00 price objective on shares of Rapid7 in a research note on Thursday, December 18th. Piper Sandler decreased their target price on shares of Rapid7 from $19.00 to $16.00 and set a “neutral” rating for the company in a report on Monday, January 5th. Finally, Jefferies Financial Group set a $18.00 price target on shares of Rapid7 in a report on Tuesday, December 16th. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $19.79.

Rapid7 Stock Up 4.2%

NASDAQ:RPD opened at $13.10 on Wednesday. The firm’s 50-day moving average price is $14.78 and its 200-day moving average price is $18.08. The company has a market capitalization of $857.79 million, a PE ratio of 38.53 and a beta of 0.79. The company has a debt-to-equity ratio of 7.01, a current ratio of 1.19 and a quick ratio of 1.19. Rapid7 has a 1-year low of $12.25 and a 1-year high of $40.25.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. The company had revenue of $217.96 million during the quarter, compared to analysts’ expectations of $216.14 million. Rapid7 had a net margin of 2.61% and a return on equity of 67.30%. Rapid7’s revenue was up 1.5% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS and its Q4 2025 guidance at 0.370-0.44 EPS. On average, equities analysts predict that Rapid7 will post 0.35 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Mike Burns acquired 2,000 shares of Rapid7 stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average price of $13.80 per share, for a total transaction of $27,600.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at $69,000. The trade was a 66.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jana Partners Management, Lp bought 41,545 shares of the company’s stock in a transaction on Friday, November 28th. The stock was purchased at an average cost of $15.71 per share, for a total transaction of $652,671.95. Following the completion of the transaction, the director directly owned 6,760,149 shares of the company’s stock, valued at approximately $106,201,940.79. The trade was a 0.62% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 67,345 shares of company stock valued at $1,025,202 in the last ninety days. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Rapid7

A number of hedge funds have recently modified their holdings of the business. Headlands Technologies LLC bought a new stake in Rapid7 during the second quarter valued at about $44,000. CI Investments Inc. raised its position in shares of Rapid7 by 48.4% during the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock valued at $43,000 after purchasing an additional 744 shares during the period. Abich Financial Wealth Management LLC purchased a new position in shares of Rapid7 during the 3rd quarter valued at $44,000. Sound Income Strategies LLC purchased a new position in shares of Rapid7 during the 4th quarter valued at $40,000. Finally, State of Alaska Department of Revenue bought a new position in Rapid7 in the 3rd quarter worth $53,000. Institutional investors own 95.66% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc is a publicly traded cybersecurity company headquartered in Boston, Massachusetts. Since its founding in 2000, the company has specialized in delivering cloud-based security data and analytics solutions designed to help organizations detect, investigate, and remediate cyber threats. Rapid7 operates under the NASDAQ symbol “RPD” and serves a broad range of industries, including technology, financial services, healthcare, retail, and the public sector.

The core of Rapid7’s offering is its Insight platform, a unified, cloud-native security operations and analytics suite.