105,142 Shares in Rapid7, Inc. $RPD Acquired by Palogic Value Management L.P.

Palogic Value Management L.P. bought a new stake in Rapid7, Inc. (NASDAQ:RPD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 105,142 shares of the technology company’s stock, valued at approximately $852,000.

Several other hedge funds have also bought and sold shares of the stock. Royal Bank of Canada increased its holdings in shares of Rapid7 by 26.8% in the 1st quarter. Royal Bank of Canada now owns 326,910 shares of the technology company’s stock worth $8,667,000 after buying an additional 69,122 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of Rapid7 during the 1st quarter valued at $424,000. Woodline Partners LP lifted its holdings in shares of Rapid7 by 48.0% during the 1st quarter. Woodline Partners LP now owns 86,712 shares of the technology company’s stock worth $2,299,000 after acquiring an additional 28,115 shares during the last quarter. Prudential Financial Inc. grew its position in Rapid7 by 8.8% in the second quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock worth $197,000 after acquiring an additional 690 shares in the last quarter. Finally, Invesco Ltd. grew its position in Rapid7 by 27.2% in the second quarter. Invesco Ltd. now owns 62,786 shares of the technology company’s stock worth $1,452,000 after acquiring an additional 13,418 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on RPD shares. Stephens reissued a “positive” rating on shares of Rapid7 in a research note on Tuesday, August 11th. DA Davidson upped their price objective on Rapid7 from $5.25 to $9.00 and gave the stock an “underperform” rating in a report on Tuesday, August 11th. Barclays increased their price objective on Rapid7 from $6.50 to $12.00 and gave the company an “underweight” rating in a research report on Tuesday, August 11th. Morgan Stanley cut Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 price objective on the stock. in a report on Tuesday, July 21st. Finally, Mizuho boosted their target price on Rapid7 from $8.00 to $11.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Rapid7 has a consensus rating of “Reduce” and an average price target of $11.98.

Rapid7 Stock Down 2.8%

Shares of NASDAQ:RPD opened at $11.79 on Thursday. The stock has a market capitalization of $794.65 million, a P/E ratio of 38.03 and a beta of 0.97. The stock’s 50-day moving average price is $10.46 and its 200-day moving average price is $7.99. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. Rapid7, Inc. has a 12-month low of $4.97 and a 12-month high of $21.26.

Rapid7 (NASDAQ:RPD) last released its earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The company had revenue of $210.88 million during the quarter, compared to analyst estimates of $208.23 million. Rapid7 had a return on equity of 27.89% and a net margin of 2.35%.Rapid7’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.58 EPS. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. On average, equities analysts anticipate that Rapid7, Inc. will post 0.74 earnings per share for the current year.

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.