Circumference Group LLC Takes $3.80 Million Position in Rapid7, Inc. $RPD

Circumference Group LLC acquired a new stake in shares of Rapid7, Inc. (NASDAQ:RPD) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 250,000 shares of the technology company’s stock, valued at approximately $3,800,000. Rapid7 makes up about 4.1% of Circumference Group LLC’s investment portfolio, making the stock its 12th largest position. Circumference Group LLC owned 0.38% of Rapid7 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JANA Partners Management LP boosted its stake in Rapid7 by 13.5% in the third quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock valued at $121,915,000 after acquiring an additional 772,194 shares in the last quarter. Vanguard Group Inc. boosted its stake in Rapid7 by 7.4% in the third quarter. Vanguard Group Inc. now owns 8,620,265 shares of the technology company’s stock valued at $161,630,000 after acquiring an additional 595,916 shares in the last quarter. Picton Mahoney Asset Management boosted its stake in Rapid7 by 920.7% in the third quarter. Picton Mahoney Asset Management now owns 81,903 shares of the technology company’s stock valued at $1,535,000 after acquiring an additional 73,879 shares in the last quarter. LSV Asset Management boosted its stake in Rapid7 by 25.1% in the fourth quarter. LSV Asset Management now owns 982,397 shares of the technology company’s stock valued at $14,932,000 after acquiring an additional 197,397 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in Rapid7 in the fourth quarter valued at approximately $40,000. 95.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on RPD. Piper Sandler lowered their target price on shares of Rapid7 from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Raymond James Financial set a $8.00 target price on shares of Rapid7 in a research note on Wednesday, May 6th. Canaccord Genuity Group lowered their target price on shares of Rapid7 from $10.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Truist Financial lowered their target price on shares of Rapid7 from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, April 24th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Rapid7 in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $8.71.

Rapid7 Trading Down 2.3%

NASDAQ RPD opened at $6.77 on Thursday. The company has a fifty day simple moving average of $6.63 and a two-hundred day simple moving average of $9.34. The stock has a market cap of $452.44 million, a P/E ratio of 19.34 and a beta of 1.03. Rapid7, Inc. has a 12-month low of $4.97 and a 12-month high of $25.85. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.69.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $209.69 million during the quarter, compared to analysts’ expectations of $207.94 million. Rapid7 had a net margin of 2.61% and a return on equity of 34.35%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. On average, analysts forecast that Rapid7, Inc. will post 0.63 earnings per share for the current 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.