Rapid7 (NASDAQ:RPD) Downgraded by Zacks Research to Hold

Rapid7 (NASDAQ:RPD) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Susquehanna set a $15.00 price objective on Rapid7 in a research report on Thursday, November 6th. Mizuho reduced their price objective on Rapid7 from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st. Morgan Stanley reaffirmed an “outperform” rating and set a $18.00 price target on shares of Rapid7 in a report on Thursday, December 18th. DA Davidson decreased their price objective on shares of Rapid7 from $16.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, November 5th. Finally, Truist Financial set a $14.00 target price on shares of Rapid7 in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $19.79.

Rapid7 Stock Down 0.6%

NASDAQ:RPD opened at $12.53 on Tuesday. The company has a debt-to-equity ratio of 7.01, a current ratio of 1.19 and a quick ratio of 1.19. The firm’s 50-day moving average price is $14.71 and its 200-day moving average price is $17.71. The company has a market capitalization of $820.46 million, a PE ratio of 36.85 and a beta of 0.79. Rapid7 has a 1-year low of $12.25 and a 1-year high of $39.62.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.12. The company had revenue of $217.96 million for the quarter, compared to the consensus estimate of $216.14 million. Rapid7 had a return on equity of 67.30% and a net margin of 2.61%.The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 analysts predict that Rapid7 will post 0.35 EPS for the current fiscal year.

Insider Transactions at Rapid7

In related news, Director Marc Evan Brown acquired 3,000 shares of Rapid7 stock in a transaction dated Tuesday, November 25th. The shares were purchased at an average price of $15.21 per share, for a total transaction of $45,630.00. Following the completion of the transaction, the director directly owned 51,882 shares in the company, valued at approximately $789,125.22. This represents a 6.14% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Corey E. Thomas bought 14,500 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average price of $13.82 per share, with a total value of $200,390.00. Following the transaction, the chief executive officer owned 595,066 shares of the company’s stock, valued at $8,223,812.12. The trade was a 2.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 67,345 shares of company stock valued at $1,025,202. 2.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RPD. Headlands Technologies LLC bought a new stake in shares of Rapid7 in the second quarter worth about $44,000. CI Investments Inc. raised its holdings in shares of Rapid7 by 48.4% during 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 in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Rapid7 during the 3rd quarter valued at approximately $44,000. Sound Income Strategies LLC purchased a new position in shares of Rapid7 in the fourth quarter valued at $40,000. Finally, State of Alaska Department of Revenue purchased a new stake in Rapid7 during the third quarter valued at $53,000. 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.