Rapid7, Inc. (NASDAQ:RPD) Given Consensus Recommendation of “Hold” by Analysts

Rapid7, Inc. (NASDAQ:RPD) has received a consensus rating of “Hold” from the twenty-two ratings firms that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $21.4737.

Several equities research analysts have recently issued reports on the stock. Susquehanna set a $15.00 target price on shares of Rapid7 in a report on Thursday, November 6th. Jefferies Financial Group set a $18.00 price objective on shares of Rapid7 in a research note on Tuesday, December 16th. Piper Sandler cut their target price on Rapid7 from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Monday, January 5th. Canaccord Genuity Group decreased their price target on Rapid7 from $32.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. Finally, Berenberg Bank started coverage on Rapid7 in a report on Tuesday, November 18th. They set a “hold” rating and a $16.00 price objective for the company.

Insider Activity

In related news, CEO Corey E. Thomas purchased 14,500 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were purchased at an average cost of $13.82 per share, for a total transaction of $200,390.00. Following the completion of the acquisition, the chief executive officer owned 595,066 shares in the company, valued at approximately $8,223,812.12. This trade represents a 2.50% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jana Partners Management, Lp acquired 41,545 shares of the stock in a transaction on Friday, November 28th. The stock was bought at an average cost of $15.71 per share, with a total value of $652,671.95. Following the completion of the transaction, the director owned 6,760,149 shares in the company, valued at $106,201,940.79. This trade represents a 0.62% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders bought 67,345 shares of company stock valued at $1,025,202. Insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. increased its holdings in Rapid7 by 12.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,144,175 shares of the technology company’s stock worth $21,453,000 after purchasing an additional 122,217 shares during the period. CANADA LIFE ASSURANCE Co grew its position in shares of Rapid7 by 81.0% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 701,200 shares of the technology company’s stock worth $13,624,000 after buying an additional 313,717 shares in the last quarter. Woodline Partners LP increased its stake in shares of Rapid7 by 12.7% during the third quarter. Woodline Partners LP now owns 141,601 shares of the technology company’s stock valued at $2,655,000 after buying an additional 15,960 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of Rapid7 in the third quarter valued at about $1,034,000. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Rapid7 by 5.7% in the third quarter. Alyeska Investment Group L.P. now owns 933,348 shares of the technology company’s stock valued at $17,500,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

Rapid7 Price Performance

Shares of Rapid7 stock opened at $14.09 on Friday. The stock has a market cap of $922.61 million, a price-to-earnings ratio of 41.44 and a beta of 0.79. The company has a debt-to-equity ratio of 7.01, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a 50 day moving average price of $15.13 and a 200-day moving average price of $18.70. Rapid7 has a one year low of $13.21 and a one year high of $40.42.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.12. The company had revenue of $217.96 million for the quarter, compared to analyst estimates of $216.14 million. Rapid7 had a return on equity of 67.30% and a net margin of 2.61%.Rapid7’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.66 EPS. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS and its Q4 2025 guidance at 0.370-0.44 EPS. Equities analysts expect that Rapid7 will post 0.35 EPS for the current 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.