JANA Partners Management LP Has $121.92 Million Stake in Rapid7, Inc. $RPD

JANA Partners Management LP increased its position in shares of Rapid7, Inc. (NASDAQ:RPD) by 13.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,502,108 shares of the technology company’s stock after acquiring an additional 772,194 shares during the quarter. Rapid7 comprises about 5.9% of JANA Partners Management LP’s investment portfolio, making the stock its 7th largest position. JANA Partners Management LP owned approximately 0.10% of Rapid7 worth $121,915,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. CI Investments Inc. increased its position in Rapid7 by 48.4% in the third quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock worth $43,000 after purchasing an additional 744 shares during the period. Abich Financial Wealth Management LLC acquired a new position in Rapid7 during the 3rd quarter valued at about $44,000. Headlands Technologies LLC bought a new position in shares of Rapid7 in the 2nd quarter valued at about $44,000. State of Alaska Department of Revenue bought a new position in shares of Rapid7 in the 3rd quarter valued at about $53,000. Finally, New York State Teachers Retirement System grew its position in shares of Rapid7 by 431.4% during the 3rd quarter. New York State Teachers Retirement System now owns 5,808 shares of the technology company’s stock worth $109,000 after buying an additional 4,715 shares during the period. Institutional investors own 95.66% of the company’s stock.

Rapid7 Stock Down 1.7%

Rapid7 stock opened at $6.82 on Monday. The company’s 50 day simple moving average is $9.90 and its 200 day simple moving average is $14.70. Rapid7, Inc. has a fifty-two week low of $5.92 and a fifty-two week high of $30.95. The firm has a market capitalization of $449.37 million, a price-to-earnings ratio of 18.94 and a beta of 0.89. The company has a debt-to-equity ratio of 5.77, a current ratio of 1.28 and a quick ratio of 1.28.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $217.39 million during the quarter, compared to the consensus estimate of $215.17 million. Rapid7 had a net margin of 2.72% and a return on equity of 47.33%. The business’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share. 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, sell-side analysts anticipate that Rapid7, Inc. will post 0.35 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on RPD shares. Canaccord Genuity Group set a $10.00 price target on shares of Rapid7 and gave the stock a “hold” rating in a research note on Wednesday, February 11th. Truist Financial reduced their price objective on shares of Rapid7 from $14.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, February 11th. Susquehanna set a $8.00 target price on shares of Rapid7 in a report on Thursday, February 12th. Weiss Ratings reiterated a “sell (d)” rating on shares of Rapid7 in a research report on Monday, December 29th. Finally, Scotiabank cut their price target on Rapid7 from $18.00 to $9.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $12.53.

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.