Rapid7 (NASDAQ:RPD) Trading 6.4% Higher – Time to Buy?

Rapid7, Inc. (NASDAQ:RPD)’s stock price traded up 6.4% on Monday . The stock traded as high as $11.87 and last traded at $11.8820. Approximately 1,340,014 shares changed hands during trading, a decline of 36% from the average daily volume of 2,083,911 shares. The stock had previously closed at $11.17.

Analyst Ratings Changes

Several brokerages recently weighed in on RPD. Morgan Stanley upgraded shares of Rapid7 from an “outperform” rating to a “neutral” rating in a report on Tuesday, June 2nd. Robert W. Baird set a $8.00 price objective on Rapid7 in a research note on Wednesday, May 6th. Truist Financial reduced their target price on Rapid7 from $8.00 to $6.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Wall Street Zen downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, JPMorgan Chase & Co. cut their target price on shares of Rapid7 from $11.00 to $7.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $8.71.

Rapid7 Price Performance

The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.78 and a current ratio of 0.78. The company has a 50-day moving average of $7.88 and a 200-day moving average of $8.44. The firm has a market capitalization of $866.79 million, a price-to-earnings ratio of 37.06 and a beta of 1.01.

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

Institutional Investors Weigh In On Rapid7

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC boosted its stake in Rapid7 by 108.8% in the 1st quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company’s stock worth $35,000 after purchasing an additional 3,304 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Rapid7 in the 4th quarter valued at about $40,000. Headlands Technologies LLC acquired a new stake in shares of Rapid7 in the 2nd quarter valued at about $44,000. GAMMA Investing LLC lifted its holdings in shares of Rapid7 by 20.6% in the second quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company’s stock valued at $48,000 after purchasing an additional 1,000 shares in the last quarter. Finally, KBC Group NV lifted its holdings in shares of Rapid7 by 124.0% in the fourth quarter. KBC Group NV now owns 3,310 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,832 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

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.