Rapid7 (NASDAQ:RPD) Hits New 52-Week Low – Time to Sell?

Rapid7, Inc. (NASDAQ:RPD)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $11.89 and last traded at $11.94, with a volume of 395729 shares trading hands. The stock had previously closed at $12.53.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reduced their price target on shares of Rapid7 from $19.00 to $16.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. Barclays downgraded shares of Rapid7 from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $18.00 to $15.00 in a research note on Monday, January 5th. Zacks Research cut Rapid7 from a “strong-buy” rating to a “hold” rating in a research report on Tuesday. DA Davidson cut their price target on Rapid7 from $16.00 to $14.00 and set an “underperform” rating on the stock in a report on Wednesday, November 5th. Finally, Canaccord Genuity Group decreased their price objective on Rapid7 from $32.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Rapid7 presently has an average rating of “Hold” and an average target price of $19.79.

Rapid7 Stock Down 5.9%

The company has a 50-day moving average of $14.71 and a 200-day moving average of $17.71. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 7.01. The company has a market capitalization of $772.34 million, a price-to-earnings ratio of 34.65 and a beta of 0.79.

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

Insider Activity at Rapid7

In related news, Director Thomas E. Schodorf bought 6,300 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was acquired at an average price of $15.70 per share, with a total value of $98,910.00. Following the completion of the purchase, the director directly owned 34,440 shares of the company’s stock, valued at approximately $540,708. This trade represents a 22.39% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mike Burns acquired 2,000 shares of the business’s stock in a transaction on Thursday, November 20th. The shares were purchased at an average price of $13.80 per share, with a total value of $27,600.00. Following the completion of the purchase, the director owned 5,000 shares in the company, valued at $69,000. This represents a 66.67% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 67,345 shares of company stock valued at $1,025,202 in the last quarter. 2.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC grew its holdings in shares of Rapid7 by 136.7% during the second quarter. Acadian Asset Management LLC now owns 169,955 shares of the technology company’s stock worth $3,924,000 after purchasing an additional 98,161 shares during the last quarter. Penserra Capital Management LLC grew its position in Rapid7 by 45.3% in the 2nd quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock valued at $63,172,000 after buying an additional 851,108 shares during the last quarter. CenterBook Partners LP boosted its holdings in shares of Rapid7 by 68.9% in the second quarter. CenterBook Partners LP now owns 253,629 shares of the technology company’s stock valued at $5,866,000 after acquiring an additional 103,504 shares in the last quarter. Assenagon Asset Management S.A. increased its position in Rapid7 by 366.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 144,707 shares of the technology company’s stock worth $2,713,000 after purchasing an additional 113,664 shares during the period. Finally, DDD Partners LLC acquired a new position in Rapid7 during the second quarter worth $846,000. 95.66% of the stock is owned by hedge funds and other 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.