Rapid7’s (RPD) Sell (D) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their sell (d) rating on shares of Rapid7 (NASDAQ:RPD) in a research note released on Tuesday morning,Weiss Ratings reports.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group cut their target price on shares of Rapid7 from $39.00 to $32.00 and set a “hold” rating on the stock in a research note on Monday, August 11th. Jefferies Financial Group set a $27.00 price objective on shares of Rapid7 and gave the company a “buy” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. lowered their target price on shares of Rapid7 from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, August 4th. Mizuho lowered their target price on shares of Rapid7 from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Friday, August 8th. Finally, Raymond James Financial lowered their target price on shares of Rapid7 from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Rapid7 currently has an average rating of “Hold” and a consensus price target of $26.56.

Rapid7 Stock Down 1.8%

Shares of NASDAQ RPD opened at $18.04 on Tuesday. The company has a market capitalization of $1.17 billion, a P/E ratio of 44.00 and a beta of 0.92. Rapid7 has a 52-week low of $17.75 and a 52-week high of $44.48. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.36 and a current ratio of 1.36. The company’s 50 day moving average price is $19.73 and its 200-day moving average price is $22.11.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Thursday, August 7th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.14. The business had revenue of $214.19 million for the quarter, compared to analyst estimates of $212.17 million. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. Rapid7’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.58 earnings per share. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. Equities analysts forecast that Rapid7 will post 0.35 earnings per share for the current year.

Insider Activity

In other news, Director Jana Partners Management, Lp bought 358,738 shares of the stock in a transaction on Monday, August 11th. The shares were acquired at an average cost of $18.23 per share, for a total transaction of $6,539,793.74. Following the purchase, the director directly owned 6,105,148 shares of the company’s stock, valued at $111,296,848.04. This trade represents a 6.24% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Scott M. Murphy sold 1,370 shares of Rapid7 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 owned 27,592 shares of the company’s stock, valued at approximately $558,738. The trade was a 4.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought 772,194 shares of company stock valued at $15,135,356 in the last quarter. Corporate insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Rapid7

Hedge funds have recently made changes to their positions in the business. Teacher Retirement System of Texas lifted its holdings in shares of Rapid7 by 24.1% in the 1st quarter. Teacher Retirement System of Texas now owns 54,091 shares of the technology company’s stock worth $1,434,000 after acquiring an additional 10,487 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Rapid7 by 18.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,548 shares of the technology company’s stock worth $291,000 after buying an additional 1,648 shares during the period. New York State Teachers Retirement System purchased a new stake in shares of Rapid7 in the 1st quarter worth about $29,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Rapid7 by 112.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,286,300 shares of the technology company’s stock worth $60,610,000 after buying an additional 1,209,856 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Rapid7 by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 54,915 shares of the technology company’s stock worth $1,456,000 after buying an additional 609 shares during the period. 95.66% of the stock is currently owned by institutional investors.

About Rapid7

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.