Rapid7, Inc. (NASDAQ:RPD – Get Free Report) shares rose 9.1% on Wednesday . The stock traded as high as $8.65 and last traded at $8.8350. 122,080 shares traded hands during trading, a decline of 94% from the average session volume of 1,980,313 shares. The stock had previously closed at $8.10.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on RPD shares. Scotiabank cut their price objective on Rapid7 from $9.00 to $7.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. Piper Sandler dropped their price target on Rapid7 from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. William Blair cut Rapid7 from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Rapid7 in a report on Wednesday, June 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Rapid7 from $11.00 to $7.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. 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 data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $8.71.
Read Our Latest Research Report on Rapid7
Rapid7 Stock Up 10.8%
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 the consensus estimate of $0.30 by $0.06. The company had revenue of $209.69 million during the quarter, compared to analyst estimates of $207.94 million. Rapid7 had a net margin of 2.61% and a return on equity of 34.35%. Rapid7’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.49 earnings per share. 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, analysts anticipate that Rapid7, Inc. will post 0.63 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Rapid7
A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada lifted its position in shares of Rapid7 by 26.8% during the first quarter. Royal Bank of Canada now owns 326,910 shares of the technology company’s stock worth $8,667,000 after purchasing an additional 69,122 shares during the last quarter. AQR Capital Management LLC purchased a new position in Rapid7 in the 1st quarter worth about $424,000. Woodline Partners LP lifted its holdings in Rapid7 by 48.0% during the 1st quarter. Woodline Partners LP now owns 86,712 shares of the technology company’s stock valued at $2,299,000 after buying an additional 28,115 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Rapid7 by 8.8% during the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock valued at $197,000 after buying an additional 690 shares in the last quarter. Finally, Invesco Ltd. boosted its position in Rapid7 by 27.2% in the 2nd quarter. Invesco Ltd. now owns 62,786 shares of the technology company’s stock valued at $1,452,000 after buying an additional 13,418 shares during the period. 95.66% of the stock is owned by institutional investors.
Rapid7 Company Profile
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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