Rapid7 (NASDAQ:RPD) Shares Down 9.1% – What’s Next?

Posted by Brian Himes on Jun 3rd, 2026

Rapid7, Inc. (NASDAQ:RPD – Get Free Report)’s share price was down 9.1% during trading on Wednesday . The stock traded as low as $7.61 and last traded at $7.66. Approximately 796,697 shares changed hands during trading, a decline of 60% from the average daily volume of 1,985,118 shares. The stock had previously closed at $8.43.

Analyst Upgrades and Downgrades

RPD has been the subject of several analyst reports. Susquehanna set a $8.00 price target on shares of Rapid7 in a report on Thursday, February 12th. Morgan Stanley upgraded Rapid7 from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Wall Street Zen cut Rapid7 from a “buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Rapid7 in a report on Wednesday, February 11th. Finally, Robert W. Baird set a $8.00 price target on Rapid7 in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $8.71.

Read Our Latest Research Report on Rapid7

Rapid7 Trading Down 8.9%

The stock has a market cap of $513.25 million, a PE ratio of 21.94 and a beta of 1.03. The business has a 50-day moving average of $6.22 and a 200 day moving average of $9.92. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.78 and a current ratio of 0.78.

Rapid7 (NASDAQ:RPD – Get Free Report) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The firm had revenue of $209.69 million during the quarter, compared to analysts’ expectations of $207.94 million. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. 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 predict that Rapid7, Inc. will post 0.63 EPS for the current fiscal year.

Institutional Trading of Rapid7

Hedge funds and other institutional investors have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in Rapid7 in the 2nd quarter worth approximately $44,000. CI Investments Inc. grew its holdings in Rapid7 by 48.4% in the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock valued at $43,000 after buying an additional 744 shares during the period. Abich Financial Wealth Management LLC purchased a new stake in Rapid7 in the 3rd quarter valued at about $44,000. Sound Income Strategies LLC purchased a new stake in Rapid7 in the 4th quarter valued at about $40,000. Finally, Parallel Advisors LLC grew its holdings in Rapid7 by 81.6% in 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 during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

Rapid7 Company Profile

(Get Free Report)

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.