Mizuho Cuts Rapid7 (NASDAQ:RPD) Price Target to $12.00

Rapid7 (NASDAQ:RPD) had its price objective decreased by Mizuho from $16.00 to $12.00 in a research note released on Wednesday morning, MarketBeat Ratings reports. Mizuho currently has a neutral rating on the technology company’s stock.

RPD has been the topic of several other research reports. UBS Group dropped their price target on shares of Rapid7 from $29.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Morgan Stanley restated an “outperform” rating and issued a $18.00 target price on shares of Rapid7 in a research report on Thursday, December 18th. Canaccord Genuity Group set a $10.00 price target on Rapid7 and gave the stock a “hold” rating in a research report on Wednesday. Weiss Ratings reissued a “sell (d)” rating on shares of Rapid7 in a research note on Monday, December 29th. Finally, Wall Street Zen cut shares of Rapid7 from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Two equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $12.53.

Rapid7 Price Performance

Shares of RPD opened at $7.18 on Wednesday. Rapid7 has a 12 month low of $7.01 and a 12 month high of $35.93. The company has a debt-to-equity ratio of 7.01, a current ratio of 1.19 and a quick ratio of 1.19. The stock has a fifty day moving average price of $13.47 and a 200 day moving average price of $16.70. The company has a market cap of $470.15 million, a P/E ratio of 19.94 and a beta of 0.79.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. The company had revenue of $217.39 million during the quarter, compared to the consensus estimate of $215.17 million. Rapid7 had a net margin of 2.72% and a return on equity of 55.81%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 earnings per share. Rapid7 has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.290-0.320 EPS. On average, research analysts forecast that Rapid7 will post 0.35 earnings per share for the current year.

Insiders Place Their Bets

In other Rapid7 news, Director Mike Burns purchased 2,000 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was bought at an average cost of $13.80 per share, with a total value of $27,600.00. Following the acquisition, the director owned 5,000 shares of the company’s stock, valued at $69,000. The trade was a 66.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Thomas E. Schodorf acquired 6,300 shares of Rapid7 stock in a transaction dated Wednesday, November 26th. The shares were acquired at an average price of $15.70 per share, with a total value of $98,910.00. Following the transaction, the director owned 34,440 shares in the company, valued at approximately $540,708. This represents a 22.39% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders have acquired 67,345 shares of company stock valued at $1,025,202. 2.40% of the stock is currently owned by insiders.

Institutional Trading of Rapid7

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Headlands Technologies LLC acquired a new position in Rapid7 in the second quarter worth approximately $44,000. CI Investments Inc. grew its holdings in shares of Rapid7 by 48.4% in the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock worth $43,000 after acquiring an additional 744 shares during the last quarter. Abich Financial Wealth Management LLC acquired a new stake in shares of Rapid7 during the third quarter worth $44,000. Sound Income Strategies LLC purchased a new stake in shares of Rapid7 during the fourth quarter valued at $40,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Rapid7 during the third quarter valued at $53,000. 95.66% of the stock is owned by institutional investors and hedge funds.

About Rapid7

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.