CenterBook Partners LP Sells 227,845 Shares of Rapid7, Inc. $RPD

CenterBook Partners LP lowered its stake in Rapid7, Inc. (NASDAQ:RPD) by 89.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,784 shares of the technology company’s stock after selling 227,845 shares during the period. CenterBook Partners LP’s holdings in Rapid7 were worth $483,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rapid7 by 114.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company’s stock valued at $49,409,000 after acquiring an additional 1,142,148 shares in the last quarter. Penserra Capital Management LLC grew its holdings in Rapid7 by 45.3% during 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 last quarter. LSV Asset Management bought a new position in shares of Rapid7 in the third quarter valued at approximately $14,719,000. Legal & General Group Plc raised its position in shares of Rapid7 by 103.0% in the second quarter. Legal & General Group Plc now owns 1,187,803 shares of the technology company’s stock valued at $27,474,000 after purchasing an additional 602,684 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of Rapid7 by 7.4% in the third quarter. Vanguard Group Inc. now owns 8,620,265 shares of the technology company’s stock worth $161,630,000 after buying an additional 595,916 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insiders Place Their Bets

In related news, Director Thomas E. Schodorf bought 6,300 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was bought at an average cost of $15.70 per share, with a total value of $98,910.00. Following the completion of the purchase, the director owned 34,440 shares in the company, valued at approximately $540,708. The trade was a 22.39% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jana Partners Management, Lp bought 41,545 shares of Rapid7 stock in a transaction dated Friday, November 28th. The shares were bought at an average price 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 $106,201,940.79. This represents a 0.62% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 65,345 shares of company stock valued at $997,602. 2.40% of the stock is owned by corporate insiders.

Rapid7 Price Performance

Shares of RPD stock opened at $6.57 on Friday. The stock’s fifty day simple moving average is $12.54 and its 200 day simple moving average is $16.18. Rapid7, Inc. has a one year low of $6.56 and a one year high of $33.24. The firm has a market cap of $430.20 million, a price-to-earnings ratio of 18.25 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 issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.04. Rapid7 had a net margin of 2.72% and a return on equity of 55.81%. The firm had revenue of $217.39 million for the quarter, compared to analysts’ expectations of $215.17 million. During the same period in the prior year, the firm earned $0.48 earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. 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, analysts expect that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Zacks Research cut shares of Rapid7 from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Needham & Company LLC restated a “hold” rating on shares of Rapid7 in a research note on Wednesday, February 11th. UBS Group reaffirmed a “neutral” rating and issued a $9.00 price target on shares of Rapid7 in a research report on Wednesday, February 11th. Canaccord Genuity Group set a $10.00 price target on Rapid7 and gave the stock a “hold” rating in a report on Wednesday, February 11th. Finally, DA Davidson lowered their price objective on shares of Rapid7 from $14.00 to $6.50 and set an “underperform” rating on the stock in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus price target of $12.53.

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.