Rapid7, Inc. (NASDAQ:RPD) Receives Consensus Rating of “Hold” from Brokerages

Rapid7, Inc. (NASDAQ:RPD) has been assigned a consensus rating of “Hold” from the twenty-two research firms that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $19.7895.

A number of equities research analysts recently commented on the stock. Jefferies Financial Group set a $18.00 target price on shares of Rapid7 in a research report on Tuesday, December 16th. Scotiabank cut their price target on shares of Rapid7 from $20.00 to $18.00 and set a “sector perform” rating on the stock in a report on Wednesday, November 5th. Mizuho decreased their price objective on Rapid7 from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Berenberg Bank began coverage on Rapid7 in a research report on Tuesday, November 18th. They issued a “hold” rating and a $16.00 price objective for the company. Finally, Canaccord Genuity Group dropped their target price on Rapid7 from $32.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th.

Rapid7 Trading Down 0.6%

Shares of NASDAQ RPD opened at $12.53 on Thursday. Rapid7 has a 1-year low of $12.25 and a 1-year high of $39.62. The business has a fifty day moving average price of $14.71 and a 200 day moving average price of $17.71. The stock has a market capitalization of $820.46 million, a P/E ratio of 36.85 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 (NASDAQ:RPD) last announced its earnings results on Tuesday, November 4th. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The business had revenue of $217.96 million during the quarter, compared to the consensus estimate of $216.14 million. Rapid7 had a net margin of 2.61% and a return on equity of 67.30%. The firm’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.66 earnings per share. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS and its Q4 2025 guidance at 0.370-0.44 EPS. Equities research analysts expect that Rapid7 will post 0.35 EPS for the current fiscal year.

Insider Buying and Selling at Rapid7

In related news, Director Mike Burns bought 2,000 shares of the stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average cost of $13.80 per share, for a total transaction of $27,600.00. Following the purchase, the director directly owned 5,000 shares of the company’s stock, valued at approximately $69,000. This trade represents a 66.67% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, 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 shares were bought at an average cost of $15.71 per share, for a total transaction of $652,671.95. Following the transaction, the director owned 6,760,149 shares in the company, valued at $106,201,940.79. The trade was a 0.62% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have bought 67,345 shares of company stock valued at $1,025,202. Insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Rapid7

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Rapid7 by 7.4% in the 3rd quarter. Vanguard Group Inc. now owns 8,620,265 shares of the technology company’s stock valued at $161,630,000 after acquiring an additional 595,916 shares during the period. JANA Partners Management LP increased its holdings in shares of Rapid7 by 13.5% in the third quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock valued at $121,915,000 after purchasing an additional 772,194 shares during the period. Penserra Capital Management LLC increased its holdings in shares of Rapid7 by 45.3% in the second quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock valued at $63,172,000 after purchasing an additional 851,108 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rapid7 by 1.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock worth $40,716,000 after purchasing an additional 34,438 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Rapid7 by 1.6% during the third quarter. First Trust Advisors LP now owns 1,568,047 shares of the technology company’s stock worth $29,401,000 after purchasing an additional 24,277 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

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.