Rapid7 (NASDAQ:RPD) Shares Cross Above 50 Day Moving Average – Time to Sell?

Rapid7, Inc. (NASDAQ:RPD)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.47 and traded as high as $7.29. Rapid7 shares last traded at $7.21, with a volume of 1,273,495 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on RPD shares. Citigroup reduced their target price on shares of Rapid7 from $15.00 to $11.50 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Barclays reduced their target price on shares of Rapid7 from $8.00 to $6.50 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Mizuho cut their price objective on shares of Rapid7 from $12.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Piper Sandler cut their price objective on shares of Rapid7 from $10.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, May 6th. Finally, UBS Group reaffirmed a “neutral” rating and set a $9.00 price objective on shares of Rapid7 in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $8.71.

Rapid7 Price Performance

The company’s 50-day moving average is $6.47 and its two-hundred day moving average is $9.62. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market cap of $481.85 million, a P/E ratio of 20.60 and a beta of 1.03.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. The business had revenue of $209.69 million during the quarter, compared to analysts’ expectations of $207.94 million. Rapid7 had a net margin of 2.61% and a return on equity of 34.35%. Rapid7’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.49 earnings per share. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. Sell-side analysts anticipate that Rapid7, Inc. will post 0.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC lifted its holdings in shares of Rapid7 by 108.8% in the first quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company’s stock worth $35,000 after acquiring an additional 3,304 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Rapid7 by 13.3% in the first quarter. Bank of America Corp DE now owns 534,565 shares of the technology company’s stock worth $2,945,000 after acquiring an additional 62,957 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Rapid7 by 776.1% in the first quarter. Quantinno Capital Management LP now owns 260,359 shares of the technology company’s stock worth $1,435,000 after acquiring an additional 230,641 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Rapid7 by 535.0% in the first quarter. Renaissance Technologies LLC now owns 149,196 shares of the technology company’s stock worth $822,000 after acquiring an additional 125,700 shares during the last quarter. Finally, Gabelli Funds LLC bought a new position in shares of Rapid7 in the first quarter worth about $73,000. 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.