Rapid7 (NASDAQ:RPD) Stock Price Up 7.5% – Here’s What Happened

Rapid7, Inc. (NASDAQ:RPD)’s stock price was up 7.5% during trading on Monday. The stock traded as high as $15.65 and last traded at $16.0280. Approximately 420,340 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 2,071,852 shares. The stock had previously closed at $14.91.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Weiss Ratings upgraded Rapid7 from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, September 14th. Jefferies Financial Group restated a “hold” rating and set a $12.00 price objective on shares of Rapid7 in a research report on Tuesday, August 11th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $12.00 target price on shares of Rapid7 in a report on Tuesday, September 15th. Raymond James Financial reissued an “outperform” rating and set a $15.00 price target on shares of Rapid7 in a research note on Tuesday, August 11th. Finally, Scotiabank lifted their price objective on Rapid7 from $7.00 to $10.15 and gave the stock a “sector perform” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $12.09.

Rapid7 Price Performance

The company has a debt-to-equity ratio of 1.50, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50 day moving average is $12.36 and its two-hundred day moving average is $9.69. The firm has a market capitalization of $1.13 billion, a PE ratio of 54.51 and a beta of 1.02.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Monday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The firm had revenue of $210.88 million for 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%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 earnings per share. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. As a group, research analysts anticipate that Rapid7, Inc. will post 0.76 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC increased its position in Rapid7 by 1,771.9% during the third quarter. Sterling Capital Management LLC now owns 23,530 shares of the technology company’s stock valued at $288,000 after acquiring an additional 22,273 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Rapid7 during the third quarter valued at approximately $1,361,000. Counterpoint Mutual Funds LLC bought a new position in Rapid7 in the third quarter worth approximately $707,000. MinichMacGregor Wealth Management LLC purchased a new position in Rapid7 during the 3rd quarter worth $244,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Rapid7 during the 2nd quarter valued at $211,000. Institutional investors own 95.66% of the company’s stock.

About Rapid7

Rapid7, Inc (NASDAQ:RPD) is a cybersecurity company that provides technology and services to help organizations identify, assess and manage security risk across their IT environments. Its offerings are designed to support security operations, vulnerability management, cloud security, application security and incident response.

The company’s product portfolio includes the Insight platform and solutions such as InsightVM for vulnerability risk management, InsightIDR for security detection and response, InsightCloudSec for cloud security and compliance, and InsightAppSec for application security testing.