Rapid7 (NASDAQ:RPD) Stock Price Up 6.2% – Should You Buy?

Rapid7, Inc. (NASDAQ:RPD)’s stock price traded up 6.2% during mid-day trading on Tuesday . The company traded as high as $11.08 and last traded at $11.1550. 1,275,189 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 2,019,492 shares. The stock had previously closed at $10.50.

Analyst Ratings Changes

A number of research firms recently commented on RPD. Wall Street Zen lowered Rapid7 from a “buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Mizuho cut their price objective on Rapid7 from $12.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. DA Davidson boosted their price objective on Rapid7 from $5.25 to $6.50 and gave the stock an “underperform” rating in a research note on Tuesday, June 2nd. Weiss Ratings restated a “sell (d)” rating on shares of Rapid7 in a report on Wednesday, June 24th. Finally, Barclays lowered their target price on Rapid7 from $8.00 to $6.50 and set an “underweight” rating for the company in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $8.71.

Rapid7 Stock Up 2.5%

The firm’s 50-day simple moving average is $7.42 and its 200 day simple moving average is $8.54. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $767.21 million, a P/E ratio of 32.80 and a beta of 1.01.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in Rapid7 by 108.8% in the first quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company’s stock worth $35,000 after purchasing an additional 3,304 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Rapid7 in the 4th quarter valued at $40,000. CI Investments Inc. grew its holdings in shares of Rapid7 by 48.4% in the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock valued at $43,000 after buying an additional 744 shares during the period. Headlands Technologies LLC bought a new stake in shares of Rapid7 in the 2nd quarter valued at $44,000. Finally, GAMMA Investing LLC increased its position 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 valued at $48,000 after buying an additional 1,000 shares in the last quarter. Institutional investors and hedge funds 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.