Deutsche Bank AG acquired a new stake in Rapid7, Inc. (NASDAQ:RPD – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 216,164 shares of the technology company’s stock, valued at approximately $1,751,000.
Other hedge funds have also modified their holdings of the company. Quantinno Capital Management LP increased its position in shares of Rapid7 by 776.1% during the first quarter. Quantinno Capital Management LP now owns 260,359 shares of the technology company’s stock worth $1,435,000 after buying an additional 230,641 shares during the period. Renaissance Technologies LLC boosted its position in Rapid7 by 535.0% during the first quarter. Renaissance Technologies LLC now owns 149,196 shares of the technology company’s stock valued at $822,000 after acquiring an additional 125,700 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Rapid7 by 24.3% during the 1st quarter. Pacer Advisors Inc. now owns 469,912 shares of the technology company’s stock worth $2,589,000 after acquiring an additional 91,905 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in Rapid7 during the 1st quarter worth about $1,048,000. Finally, Hsbc Holdings PLC raised its position in shares of Rapid7 by 274.1% in the 4th quarter. Hsbc Holdings PLC now owns 159,688 shares of the technology company’s stock worth $2,446,000 after acquiring an additional 117,000 shares in the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
RPD has been the topic of a number of research analyst reports. Royal Bank Of Canada increased their price target on Rapid7 from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 11th. Barclays upped their price objective on shares of Rapid7 from $6.50 to $12.00 and gave the company an “underweight” rating in a report on Tuesday, August 11th. Stifel Nicolaus increased their price objective on shares of Rapid7 from $7.00 to $13.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. DA Davidson raised their target price on Rapid7 from $5.25 to $9.00 and gave the company an “underperform” rating in a research note on Tuesday, August 11th. Finally, Robert W. Baird boosted their target price on Rapid7 from $8.00 to $10.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. One equities research 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. According to data from MarketBeat.com, Rapid7 has an average rating of “Reduce” and a consensus price target of $11.98.
Rapid7 Stock Performance
NASDAQ RPD opened at $13.29 on Friday. The company has a fifty day moving average price of $10.73 and a 200-day moving average price of $8.05. The firm has a market cap of $895.75 million, a price-to-earnings ratio of 42.87 and a beta of 0.97. 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 1 year low of $4.97 and a 1 year high of $21.26.
Rapid7 (NASDAQ:RPD – Get Free Report) last released its quarterly earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.09. The business had revenue of $210.88 million for 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 revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.58 earnings per share. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. As a group, equities research analysts predict that Rapid7, Inc. will post 0.74 EPS for the current fiscal year.
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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