Rapid7 (NASDAQ:RPD) Director Mike Burns Acquires 2,000 Shares

Rapid7, Inc. (NASDAQ:RPD) Director Mike Burns bought 2,000 shares of the stock in a transaction dated Thursday, November 20th. The shares were acquired at an average cost of $13.80 per share, for a total transaction of $27,600.00. Following the completion of the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at approximately $69,000. This trade represents a 66.67% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rapid7 Trading Up 2.1%

RPD opened at $14.20 on Tuesday. The company has a 50-day simple moving average of $17.53 and a 200 day simple moving average of $20.61. The stock has a market capitalization of $929.83 million, a price-to-earnings ratio of 34.63 and a beta of 0.94. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 9.84. Rapid7, Inc. has a twelve month low of $13.21 and a twelve month high of $44.48.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.12. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%.The company had revenue of $217.96 million for the quarter, compared to analyst estimates of $216.14 million. During the same quarter last year, the company posted $0.66 EPS. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS. Q4 2025 guidance at 0.370-0.44 EPS. Analysts predict that Rapid7, Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on RPD. Stifel Nicolaus reduced their price objective on Rapid7 from $29.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rapid7 in a research note on Monday, November 17th. Truist Financial decreased their price objective on Rapid7 from $22.00 to $18.00 and set a “hold” rating for the company in a report on Wednesday, November 5th. Morgan Stanley cut their target price on Rapid7 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 2nd. Finally, UBS Group lowered their price objective on Rapid7 from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Rapid7 currently has a consensus rating of “Hold” and an average target price of $22.42.

Institutional Trading of Rapid7

Several large investors have recently made changes to their positions in the company. Acadian Asset Management LLC grew its position in Rapid7 by 136.7% in the 2nd quarter. Acadian Asset Management LLC now owns 169,955 shares of the technology company’s stock valued at $3,924,000 after purchasing an additional 98,161 shares during the period. Penserra Capital Management LLC increased its position in shares of Rapid7 by 45.3% during the second quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock worth $63,172,000 after acquiring an additional 851,108 shares in the last quarter. CenterBook Partners LP increased its position in shares of Rapid7 by 68.9% during the second quarter. CenterBook Partners LP now owns 253,629 shares of the technology company’s stock worth $5,866,000 after acquiring an additional 103,504 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in 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 valued at $60,610,000 after acquiring an additional 1,209,856 shares in the last quarter. Finally, Exchange Traded Concepts LLC lifted 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 acquiring an additional 22,120 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

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.