Hsbc Holdings PLC Boosts Stake in Rapid7, Inc. $RPD

Hsbc Holdings PLC increased its stake in Rapid7, Inc. (NASDAQ:RPD) by 274.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 159,688 shares of the technology company’s stock after purchasing an additional 117,000 shares during the quarter. Hsbc Holdings PLC owned approximately 0.24% of Rapid7 worth $2,446,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in Rapid7 during the second quarter valued at about $44,000. CI Investments Inc. raised its stake in shares of Rapid7 by 48.4% in the third quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock worth $43,000 after buying an additional 744 shares during the period. Sound Income Strategies LLC purchased a new position in shares of Rapid7 during the 4th quarter valued at about $40,000. Parallel Advisors LLC lifted its position in shares of Rapid7 by 81.6% during the 4th quarter. Parallel Advisors LLC now owns 3,036 shares of the technology company’s stock valued at $46,000 after buying an additional 1,364 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Rapid7 by 124.0% during the 4th quarter. KBC Group NV now owns 3,310 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,832 shares during the period. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on RPD shares. Morgan Stanley raised shares of Rapid7 from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 2nd. Scotiabank lowered their price target on shares of Rapid7 from $9.00 to $7.00 and set a “sector perform” rating on the stock in a report on Wednesday, May 6th. Piper Sandler dropped their price target 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. JPMorgan Chase & Co. reduced their price objective on shares of Rapid7 from $11.00 to $7.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Stifel Nicolaus decreased their price objective on shares of Rapid7 from $9.00 to $7.00 and set a “hold” rating on the stock in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Rapid7 presently has a consensus rating of “Reduce” and an average price target of $8.71.

Rapid7 Trading Up 2.8%

RPD stock opened at $7.82 on Tuesday. 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 1-year low of $4.97 and a 1-year high of $25.85. The business has a 50 day simple moving average of $6.88 and a two-hundred day simple moving average of $8.84. The company has a market capitalization of $522.61 million, a price-to-earnings ratio of 22.34 and a beta of 1.03.

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

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.