Principal Financial Group Inc. Has $1.33 Million Holdings in Rapid7, Inc. $RPD

Principal Financial Group Inc. lifted its position in Rapid7, Inc. (NASDAQ:RPD) by 70.9% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 241,621 shares of the technology company’s stock after acquiring an additional 100,213 shares during the quarter. Principal Financial Group Inc.’s holdings in Rapid7 were worth $1,331,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RPD. Vanguard Group Inc. grew its position in Rapid7 by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock worth $140,961,000 after purchasing an additional 653,498 shares in the last quarter. First Trust Advisors LP raised its stake in Rapid7 by 48.3% during the 4th quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock valued at $35,356,000 after purchasing an additional 758,009 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Rapid7 by 1.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock valued at $40,716,000 after purchasing an additional 34,438 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Rapid7 by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 1,462,653 shares of the technology company’s stock valued at $22,236,000 after purchasing an additional 78,448 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Rapid7 by 23.3% in the fourth quarter. Marshall Wace LLP now owns 1,404,686 shares of the technology company’s stock worth $21,351,000 after buying an additional 265,413 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Trading Up 1.0%

Rapid7 stock opened at $9.48 on Friday. Rapid7, Inc. has a 12 month low of $4.97 and a 12 month high of $21.78. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.69. The stock has a market cap of $633.55 million, a P/E ratio of 27.09 and a beta of 1.01. The company’s fifty day simple moving average is $8.80 and its 200-day simple moving average is $8.07.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. The business had revenue of $209.69 million during the quarter, compared to analyst estimates of $207.94 million. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.Rapid7’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the company earned $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. As a group, sell-side analysts forecast that Rapid7, Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on RPD. Barclays lowered their price target on Rapid7 from $8.00 to $6.50 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Stifel Nicolaus decreased their price objective on Rapid7 from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Mizuho raised their price objective on Rapid7 from $8.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. Robert W. Baird set a $8.00 target price on Rapid7 in a research note on Wednesday, May 6th. Finally, JPMorgan Chase & Co. dropped their target price on Rapid7 from $11.00 to $7.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat.com, Rapid7 has an average rating of “Reduce” and a consensus price target of $9.03.

Rapid7 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.