Rapid7 (NASDAQ:RPD) Trading Up 6.4% – What’s Next?

Rapid7, Inc. (NASDAQ:RPD)’s stock price was up 6.4% on Monday . The company traded as high as $11.87 and last traded at $11.8820. Approximately 1,340,014 shares were traded during trading, a decline of 36% from the average session volume of 2,083,911 shares. The stock had previously closed at $11.17.

Analysts Set New Price Targets

Several analysts recently issued reports on RPD shares. Truist Financial reduced their price target on shares of Rapid7 from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Mizuho dropped their price objective on shares of Rapid7 from $12.00 to $8.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. Robert W. Baird set a $8.00 price objective on shares of Rapid7 in a report on Wednesday, May 6th. DA Davidson lifted their price objective on shares of Rapid7 from $5.25 to $6.50 and gave the company an “underperform” rating in a report on Tuesday, June 2nd. Finally, Scotiabank decreased their target price on shares of Rapid7 from $9.00 to $7.00 and set a “sector perform” rating for the company in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Rapid7 presently has an average rating of “Reduce” and a consensus target price of $8.71.

Rapid7 Stock Up 6.8%

The company has a market cap of $797.01 million, a P/E ratio of 34.13 and a beta of 1.01. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a fifty day moving average price of $7.63 and a two-hundred day moving average price of $8.48.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. The business had revenue of $209.69 million during the quarter, compared to the consensus estimate of $207.94 million. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.Rapid7’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the company 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, research analysts expect that Rapid7, Inc. will post 0.63 EPS for the current year.

Institutional Trading of Rapid7

Several institutional investors and hedge funds have recently made changes to their positions in RPD. Prudential Financial Inc. boosted its holdings in Rapid7 by 8.8% during the second quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock worth $197,000 after purchasing an additional 690 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Rapid7 by 20.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company’s stock worth $48,000 after buying an additional 1,000 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Rapid7 by 13.4% in the second quarter. Versant Capital Management Inc now owns 10,469 shares of the technology company’s stock valued at $85,000 after acquiring an additional 1,238 shares in the last quarter. Parallel Advisors LLC grew its holdings in shares of Rapid7 by 81.6% in the fourth quarter. Parallel Advisors LLC now owns 3,036 shares of the technology company’s stock valued at $46,000 after acquiring an additional 1,364 shares in the last quarter. Finally, Y.D. More Investments Ltd increased its position in shares of Rapid7 by 17.5% during the fourth quarter. Y.D. More Investments Ltd now owns 11,307 shares of the technology company’s stock valued at $172,000 after acquiring an additional 1,682 shares during the last quarter. Hedge funds and other 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.