Shares of Rapid7, Inc. (NASDAQ:RPD – Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $6.47 and traded as high as $7.29. Rapid7 shares last traded at $7.21, with a volume of 1,273,495 shares.
Analysts Set New Price Targets
A number of research firms have recently commented on RPD. Barclays dropped their target price on shares of Rapid7 from $8.00 to $6.50 and set an “underweight” rating for the company in a report on Thursday, May 7th. William Blair downgraded Rapid7 from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Morgan Stanley raised Rapid7 from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 2nd. Raymond James Financial set a $8.00 price objective on Rapid7 in a research note on Wednesday, May 6th. Finally, Scotiabank lowered their price objective on Rapid7 from $9.00 to $7.00 and set a “sector perform” rating for the company in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, Rapid7 currently has a consensus rating of “Reduce” and an average target price of $8.71.
Read Our Latest Report on Rapid7
Rapid7 Price Performance
Rapid7 (NASDAQ:RPD – Get Free Report) last released its earnings results on Tuesday, May 5th. The technology company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $209.69 million during the quarter, compared to the consensus estimate of $207.94 million. Rapid7 had a net margin of 2.61% and a return on equity of 34.35%. The company’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. As a group, research analysts expect that Rapid7, Inc. will post 0.63 EPS for the current fiscal year.
Institutional Trading of Rapid7
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Rapid7 by 114.9% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company’s stock worth $49,409,000 after buying an additional 1,142,148 shares in the last quarter. LSV Asset Management acquired a new position in shares of Rapid7 during the 3rd quarter valued at $14,719,000. JANA Partners Management LP lifted its position in shares of Rapid7 by 13.5% during the 3rd quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock valued at $121,915,000 after acquiring an additional 772,194 shares during the period. First Trust Advisors LP lifted its position in shares of Rapid7 by 48.3% during the 4th quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock valued at $35,356,000 after acquiring an additional 758,009 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Rapid7 by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock valued at $140,961,000 after acquiring an additional 653,498 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.
About Rapid7
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.
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