GSA Capital Partners LLP bought a new position in Rapid7, Inc. (NASDAQ:RPD – Free Report) during the second quarter, Holdings Channel.com reports. The institutional investor bought 55,702 shares of the technology company’s stock, valued at approximately $451,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised 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 buying an additional 653,498 shares during the period. First Trust Advisors LP grew its holdings 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 worth $35,356,000 after purchasing an additional 758,009 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Rapid7 by 1.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock worth $40,716,000 after purchasing an additional 34,438 shares during the period. Geode Capital Management LLC raised its holdings in shares of Rapid7 by 5.7% in the 4th quarter. Geode Capital Management LLC now owns 1,462,653 shares of the technology company’s stock valued at $22,236,000 after buying an additional 78,448 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of Rapid7 by 23.3% during the fourth quarter. Marshall Wace LLP now owns 1,404,686 shares of the technology company’s stock worth $21,351,000 after purchasing an additional 265,413 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
RPD has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price on shares of Rapid7 from $11.00 to $12.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 11th. William Blair lowered Rapid7 from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Morgan Stanley cut Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 price target on the stock. in a research note on Tuesday, July 21st. Citigroup reaffirmed a “neutral” rating on shares of Rapid7 in a report on Wednesday, August 12th. Finally, Stephens reissued a “positive” rating on shares of Rapid7 in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and four have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $11.98.
Rapid7 Price Performance
RPD opened at $11.85 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.80 and a quick ratio of 0.80. Rapid7, Inc. has a 12 month low of $4.97 and a 12 month high of $21.27. The stock has a market capitalization of $798.69 million, a P/E ratio of 38.23 and a beta of 0.97. The business has a 50 day simple moving average of $10.16 and a 200-day simple moving average of $7.99.
Rapid7 (NASDAQ:RPD – Get Free Report) last issued its earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The company had revenue of $210.88 million during the quarter, compared to analysts’ expectations of $208.23 million. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.58 earnings per share. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. On average, equities analysts anticipate that Rapid7, Inc. will post 0.74 earnings per share for the current fiscal year.
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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