SG Americas Securities LLC Has $4.50 Million Stock Position in Rapid7, Inc. $RPD

SG Americas Securities LLC lifted its stake in shares of Rapid7, Inc. (NASDAQ:RPD) by 32.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 817,649 shares of the technology company’s stock after purchasing an additional 200,033 shares during the quarter. SG Americas Securities LLC owned about 1.24% of Rapid7 worth $4,505,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RPD. Prudential Financial Inc. raised its stake in Rapid7 by 8.8% during the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock worth $197,000 after buying an additional 690 shares during the period. CI Investments Inc. grew its stake in Rapid7 by 48.4% in the third quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock valued at $43,000 after acquiring an additional 744 shares during the period. Parallel Advisors LLC grew its stake in Rapid7 by 81.6% in the fourth quarter. Parallel Advisors LLC now owns 3,036 shares of the technology company’s stock valued at $46,000 after acquiring an additional 1,364 shares during the period. Y.D. More Investments Ltd grew its stake in Rapid7 by 17.5% in the fourth quarter. Y.D. More Investments Ltd now owns 11,307 shares of the technology company’s stock valued at $172,000 after acquiring an additional 1,682 shares during the period. Finally, Hound Partners LLC increased its holdings in shares of Rapid7 by 1.1% during the third quarter. Hound Partners LLC now owns 154,920 shares of the technology company’s stock valued at $2,905,000 after acquiring an additional 1,745 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RPD has been the topic of a number of recent research reports. Robert W. Baird set a $8.00 target price on Rapid7 in a report on Wednesday, May 6th. Mizuho lowered their price objective on shares of Rapid7 from $12.00 to $8.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. JPMorgan Chase & Co. lowered their price objective on shares of Rapid7 from $11.00 to $7.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Weiss Ratings reiterated a “sell (d)” rating on shares of Rapid7 in a report on Wednesday, June 24th. Finally, Piper Sandler reduced their price objective on shares of Rapid7 from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $8.71.

Rapid7 Stock Performance

Shares of RPD stock opened at $7.82 on Tuesday. The firm has a 50-day moving average of $6.88 and a 200-day moving average of $8.84. The company has a market cap of $522.61 million, a P/E ratio of 22.34 and a beta of 1.03. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.78 and a quick ratio of 0.78. Rapid7, Inc. has a one year low of $4.97 and a one year high of $25.85.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. Rapid7 had a net margin of 2.61% and a return on equity of 34.35%. The company had revenue of $209.69 million for the quarter, compared to analyst estimates of $207.94 million. During the same period last year, the firm earned $0.49 earnings per share. The firm’s revenue was down .3% on a year-over-year basis. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. Equities research analysts forecast that Rapid7, Inc. will post 0.63 EPS for the current fiscal year.

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.