Mirae Asset Global Investments Co. Ltd. Acquires 12,370 Shares of Rapid7, Inc. $RPD

Mirae Asset Global Investments Co. Ltd. increased its position in shares of Rapid7, Inc. (NASDAQ:RPD) by 117.3% in the second quarter, Holdings Channel.com reports. The firm owned 22,918 shares of the technology company’s stock after purchasing an additional 12,370 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Rapid7 were worth $530,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Tempus Wealth Planning LLC boosted its position in Rapid7 by 64.7% in the 2nd quarter. Tempus Wealth Planning LLC now owns 22,280 shares of the technology company’s stock valued at $515,000 after buying an additional 8,749 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in Rapid7 in the 2nd quarter valued at about $713,000. Exchange Traded Concepts LLC boosted its position in Rapid7 by 20.5% in the 2nd quarter. Exchange Traded Concepts LLC now owns 130,116 shares of the technology company’s stock valued at $3,010,000 after buying an additional 22,120 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new stake in Rapid7 in the 2nd quarter valued at about $285,000. Finally, Rhumbline Advisers boosted its position in Rapid7 by 2.5% in the 1st quarter. Rhumbline Advisers now owns 91,191 shares of the technology company’s stock valued at $2,417,000 after buying an additional 2,262 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

Rapid7 Trading Down 3.8%

NASDAQ:RPD opened at $18.62 on Friday. Rapid7, Inc. has a 52 week low of $17.75 and a 52 week high of $44.48. The firm has a 50 day moving average of $19.87 and a 200 day moving average of $22.37. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 9.84. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 45.42 and a beta of 0.92.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Thursday, August 7th. The technology company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.14. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. The company had revenue of $214.19 million during the quarter, compared to analysts’ expectations of $212.17 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. Rapid7’s revenue for the quarter was up 3.0% compared to the same quarter last year. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. As a group, sell-side analysts anticipate that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Jana Partners Management, Lp bought 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average price of $21.26 per share, with a total value of $5,315,000.00. Following the completion of the transaction, the director directly owned 6,518,604 shares of the company’s stock, valued at approximately $138,585,521.04. The trade was a 3.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott M. Murphy sold 1,370 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $20.25, for a total transaction of $27,742.50. Following the sale, the chief accounting officer directly owned 27,592 shares of the company’s stock, valued at $558,738. The trade was a 4.73% decrease in their position. The disclosure for this sale can be found here. Insiders have purchased 772,194 shares of company stock valued at $15,135,356 in the last three months. 2.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on RPD shares. Stifel Nicolaus lowered their price objective on shares of Rapid7 from $29.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, August 8th. Jefferies Financial Group set a $27.00 price objective on shares of Rapid7 and gave the company a “buy” rating in a research report on Friday, August 8th. Morgan Stanley lowered their price objective on shares of Rapid7 from $28.00 to $22.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 2nd. UBS Group lowered their price objective on shares of Rapid7 from $39.00 to $34.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Finally, Mizuho lowered their price objective on shares of Rapid7 from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Rapid7 presently has an average rating of “Hold” and a consensus price target of $26.56.

Rapid7 Company Profile

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.