Legal & General Group Plc Makes New Investment in Rapid7, Inc. $RPD

Legal & General Group Plc bought a new stake in Rapid7, Inc. (NASDAQ:RPD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 54,588 shares of the technology company’s stock, valued at approximately $442,000. Legal & General Group Plc owned approximately 0.08% of Rapid7 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new position in Rapid7 in the second quarter valued at approximately $152,000. Algert Global LLC acquired a new position in shares of Rapid7 during the 2nd quarter worth $1,334,000. Sanctuary Advisors LLC bought a new stake in shares of Rapid7 during the 2nd quarter worth $91,000. Bank of Nova Scotia bought a new position in Rapid7 in the second quarter valued at about $191,000. Finally, Ieq Capital LLC acquired a new position in Rapid7 during the second quarter worth about $845,000. Institutional investors own 95.66% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RPD. UBS Group lifted their price target on shares of Rapid7 from $7.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of Rapid7 from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Robert W. Baird raised their price objective on Rapid7 from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Raymond James Financial reiterated an “outperform” rating and issued a $15.00 target price on shares of Rapid7 in a research report on Tuesday, August 11th. Finally, Citigroup reiterated a “neutral” rating on shares of Rapid7 in a research report on Wednesday, August 12th. One investment 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. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $11.98.

Rapid7 Stock Down 4.9%

Shares of NASDAQ RPD opened at $10.46 on Wednesday. The company has a market capitalization of $705.00 million, a P/E ratio of 33.74 and a beta of 1.01. Rapid7, Inc. has a 52-week low of $4.97 and a 52-week high of $20.95. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80. The company’s 50 day moving average price is $11.32 and its 200-day moving average price is $8.22.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Monday, August 10th. The technology company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.09. The company had revenue of $210.88 million during the quarter, compared to analysts’ expectations of $208.23 million. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. Rapid7’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.58 earnings per share. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. Equities analysts forecast that Rapid7, Inc. will post 0.74 earnings per share for the current year.

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.