785,000 Shares in Rapid7, Inc. $RPD Purchased by LSV Asset Management

LSV Asset Management acquired a new stake in Rapid7, Inc. (NASDAQ:RPD) in the third quarter, HoldingsChannel.com reports. The fund acquired 785,000 shares of the technology company’s stock, valued at approximately $14,719,000.

A number of other institutional investors have also bought and sold shares of the business. Headlands Technologies LLC purchased a new stake in shares of Rapid7 in the second quarter valued at approximately $44,000. State of Alaska Department of Revenue acquired a new position in Rapid7 during the third quarter worth $53,000. Cetera Trust Company N.A grew its holdings in Rapid7 by 34.6% in the 2nd quarter. Cetera Trust Company N.A now owns 4,730 shares of the technology company’s stock valued at $109,000 after buying an additional 1,215 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Rapid7 by 431.4% in the 3rd quarter. New York State Teachers Retirement System now owns 5,808 shares of the technology company’s stock valued at $109,000 after buying an additional 4,715 shares in the last quarter. Finally, CWM LLC increased its stake in shares of Rapid7 by 323.6% in the 3rd quarter. CWM LLC now owns 6,549 shares of the technology company’s stock worth $123,000 after acquiring an additional 5,003 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

Rapid7 Price Performance

Shares of RPD opened at $7.18 on Friday. The firm has a 50-day simple moving average of $13.47 and a two-hundred day simple moving average of $16.66. The stock has a market cap of $470.15 million, a PE ratio of 19.94 and a beta of 0.79. Rapid7, Inc. has a 1-year low of $7.01 and a 1-year high of $35.93. The company has a debt-to-equity ratio of 7.01, a current ratio of 1.19 and a quick ratio of 1.19.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. Rapid7 had a net margin of 2.72% and a return on equity of 55.81%. The firm had revenue of $217.39 million for the quarter, compared to analyst estimates of $215.17 million. During the same period in the prior year, the business posted $0.48 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. Rapid7 has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.290-0.320 EPS. As a group, analysts forecast that Rapid7, Inc. will post 0.35 EPS for the current year.

Insider Buying and Selling at Rapid7

In other news, Director Jana Partners Management, Lp bought 41,545 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was bought at an average cost of $15.71 per share, for a total transaction of $652,671.95. Following the acquisition, the director directly owned 6,760,149 shares of the company’s stock, valued at $106,201,940.79. The trade was a 0.62% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Marc Evan Brown bought 3,000 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was purchased at an average cost of $15.21 per share, with a total value of $45,630.00. Following the completion of the transaction, the director owned 51,882 shares in the company, valued at $789,125.22. This represents a 6.14% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 67,345 shares of company stock valued at $1,025,202. Corporate insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on RPD shares. Barclays lowered their price target on shares of Rapid7 from $15.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday. Scotiabank reduced their target price on shares of Rapid7 from $18.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Wednesday. Needham & Company LLC reissued a “hold” rating on shares of Rapid7 in a research note on Wednesday. Stifel Nicolaus cut their price target on shares of Rapid7 from $18.00 to $9.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Mizuho reduced their price target on shares of Rapid7 from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Wednesday. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $12.53.

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.