Rapid7, Inc. (NASDAQ:RPD) Receives $22.16 Average PT from Analysts

Rapid7, Inc. (NASDAQ:RPD) has been given a consensus rating of “Hold” by the twenty-two analysts that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $21.4737.

Several research firms recently weighed in on RPD. Piper Sandler cut their price target on shares of Rapid7 from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday. UBS Group cut their target price on shares of Rapid7 from $34.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Scotiabank lowered their price objective on shares of Rapid7 from $20.00 to $18.00 and set a “sector perform” rating for the company in a report on Wednesday, November 5th. Susquehanna set a $15.00 price objective on Rapid7 in a research report on Thursday, November 6th. Finally, Jefferies Financial Group set a $18.00 target price on Rapid7 in a report on Tuesday, December 16th.

Insiders Place Their Bets

In other Rapid7 news, Director Marc Evan Brown purchased 3,000 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was bought at an average cost of $15.21 per share, with a total value of $45,630.00. Following the transaction, the director directly owned 51,882 shares in the company, valued at approximately $789,125.22. The trade was a 6.14% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mike Burns acquired 2,000 shares of the business’s stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of $13.80 per share, for a total transaction of $27,600.00. Following the acquisition, the director owned 5,000 shares of the company’s stock, valued at approximately $69,000. This trade represents a 66.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 67,345 shares of company stock valued at $1,025,202 in the last 90 days. Corporate insiders own 2.40% of the company’s stock.

Institutional Trading of Rapid7

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Rapid7 by 112.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,286,300 shares of the technology company’s stock worth $60,610,000 after purchasing an additional 1,209,856 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Rapid7 by 114.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company’s stock worth $49,409,000 after buying an additional 1,142,148 shares during the last quarter. Penserra Capital Management LLC raised its holdings in Rapid7 by 45.3% in the second quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock worth $63,172,000 after buying an additional 851,108 shares during the last quarter. LSV Asset Management bought a new position in shares of Rapid7 in the third quarter worth approximately $14,719,000. Finally, JANA Partners Management LP grew its holdings in shares of Rapid7 by 13.5% during the third quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock valued at $121,915,000 after buying an additional 772,194 shares during the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Rapid7 Stock Up 2.2%

Shares of NASDAQ RPD opened at $14.36 on Friday. The firm’s fifty day moving average is $15.38 and its 200 day moving average is $18.86. Rapid7 has a 52 week low of $13.21 and a 52 week high of $40.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 7.01. The company has a market cap of $940.29 million, a price-to-earnings ratio of 42.24 and a beta of 0.79.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The business had revenue of $217.96 million for the quarter, compared to analyst estimates of $216.14 million. Rapid7 had a net margin of 2.61% and a return on equity of 67.30%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS and its Q4 2025 guidance at 0.370-0.44 EPS. On average, equities research analysts expect that Rapid7 will post 0.35 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.