Rapid7 (NASDAQ:RPD) Stock Price Up 9.5% – Here’s Why

Rapid7, Inc. (NASDAQ:RPD) shares rose 9.5% on Friday . The company traded as high as $8.05 and last traded at $8.1460. Approximately 972,295 shares traded hands during trading, a decline of 50% from the average daily volume of 1,948,723 shares. The stock had previously closed at $7.44.

Analyst Upgrades and Downgrades

RPD has been the topic of a number of recent analyst reports. Stephens lowered their target price on shares of Rapid7 from $19.00 to $12.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 11th. Barclays decreased their price objective on shares of Rapid7 from $8.00 to $6.50 and set an “underweight” rating on the stock in a report on Thursday, May 7th. Truist Financial decreased their price objective on shares of 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 report on Tuesday, April 14th. Finally, Stifel Nicolaus decreased their price objective on shares of Rapid7 from $9.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $8.71.

Rapid7 Stock Performance

The company’s fifty day simple moving average is $6.13 and its 200 day simple moving average is $10.00. The stock has a market capitalization of $549.01 million, a price-to-earnings ratio of 23.52 and a beta of 0.89. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.69.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The company 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%. Rapid7’s quarterly revenue was down .3% on a year-over-year basis. During the same quarter in the previous year, the business 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, equities research analysts expect that Rapid7, Inc. will post 0.63 earnings per share for the current year.

Institutional Investors Weigh In On Rapid7

Institutional investors have recently modified their holdings of the business. Prudential Financial Inc. increased its holdings in Rapid7 by 8.8% in the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock worth $197,000 after acquiring an additional 690 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Rapid7 by 6.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,427 shares of the technology company’s stock worth $221,000 after acquiring an additional 732 shares during the last quarter. CI Investments Inc. increased its holdings in Rapid7 by 48.4% in the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock worth $43,000 after acquiring an additional 744 shares during the last quarter. Y.D. More Investments Ltd increased its holdings in Rapid7 by 10.8% in the 3rd quarter. Y.D. More Investments Ltd now owns 9,625 shares of the technology company’s stock worth $187,000 after acquiring an additional 939 shares during the last quarter. Finally, Parallel Advisors LLC increased its holdings in Rapid7 by 81.6% in the 4th quarter. Parallel Advisors LLC now owns 3,036 shares of the technology company’s stock worth $46,000 after acquiring an additional 1,364 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

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.