Rapid7 (NASDAQ:RPD) Shares Up 7% – Here’s What Happened

Shares of Rapid7, Inc. (NASDAQ:RPD) shot up 7% on Wednesday. The company traded as high as $12.33 and last traded at $12.5220. 152,743 shares were traded during trading, a decline of 93% from the average session volume of 2,113,842 shares. The stock had previously closed at $11.70.

Analyst Ratings Changes

RPD has been the subject of several recent research reports. Robert W. Baird upped their price target on Rapid7 from $8.00 to $10.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Royal Bank Of Canada lifted their price objective on Rapid7 from $11.00 to $12.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 11th. 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. Stifel Nicolaus upped their target price on Rapid7 from $7.00 to $13.00 and gave the company a “hold” rating in a research note on Tuesday, August 11th. Finally, DA Davidson raised their target price on Rapid7 from $5.25 to $9.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $11.98.

Rapid7 Stock Performance

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 firm has a 50 day moving average price of $11.57 and a two-hundred day moving average price of $8.79. The company has a market capitalization of $841.56 million, a P/E ratio of 40.35 and a beta of 1.01.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.35 by $0.09. The business had revenue of $210.88 million during the quarter, compared to the consensus estimate of $208.23 million. Rapid7 had a return on equity of 27.89% and a net margin of 2.35%.Rapid7’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the company earned $0.58 EPS. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. On average, research analysts expect that Rapid7, Inc. will post 0.76 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Rapid7

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE bought a new position in Rapid7 during the 2nd quarter valued at about $6,861,000. Bank of New York Mellon Corp bought a new position in shares of Rapid7 in the second quarter valued at approximately $3,844,000. Man Group plc acquired a new position in shares of Rapid7 in the 2nd quarter worth approximately $3,409,000. Circumference Group LLC acquired a new position in shares of Rapid7 in the 4th quarter worth approximately $3,800,000. Finally, Quantinno Capital Management LP grew its position in Rapid7 by 776.1% during the 1st quarter. Quantinno Capital Management LP now owns 260,359 shares of the technology company’s stock worth $1,435,000 after acquiring an additional 230,641 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc (NASDAQ:RPD) is a cybersecurity company that helps organizations identify, assess and manage security risks across their IT environments. Its offerings are designed to provide visibility into vulnerabilities, endpoints, users, applications, cloud infrastructure and other technology assets, enabling customers to prioritize threats and respond to security incidents.

The company delivers many of its products through the Rapid7 Insight platform. Key offerings include InsightVM for vulnerability risk management, InsightIDR for security information and event detection and response, InsightCloudSec for cloud security and risk management, and InsightConnect for security orchestration and automation.