Y Intercept Hong Kong Ltd Buys Shares of 190,133 Rapid7, Inc. $RPD

Y Intercept Hong Kong Ltd purchased a new stake in Rapid7, Inc. (NASDAQ:RPD) during the first quarter, according to its most recent filing with the SEC. The firm purchased 190,133 shares of the technology company’s stock, valued at approximately $1,048,000.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Rapid7 by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock valued at $140,961,000 after purchasing an additional 653,498 shares during the last quarter. JANA Partners Management LP raised its stake in shares of Rapid7 by 13.5% during the 3rd quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock worth $121,915,000 after acquiring an additional 772,194 shares in the last quarter. First Trust Advisors LP lifted its position in Rapid7 by 48.3% during the fourth quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock valued at $35,356,000 after acquiring an additional 758,009 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Rapid7 by 1.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock valued at $40,716,000 after acquiring an additional 34,438 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Rapid7 by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 1,462,653 shares of the technology company’s stock worth $22,236,000 after purchasing an additional 78,448 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Robert W. Baird set a $8.00 price objective on Rapid7 in a report on Wednesday, May 6th. Piper Sandler reduced their target price on Rapid7 from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. Barclays decreased their price target on Rapid7 from $8.00 to $6.50 and set an “underweight” rating for the company in a research note on Thursday, May 7th. Scotiabank lowered their price target on Rapid7 from $9.00 to $7.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Finally, DA Davidson boosted their price target on Rapid7 from $5.25 to $6.50 and gave the stock an “underperform” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $8.71.

Rapid7 Stock Performance

Shares of NASDAQ:RPD traded down $0.24 on Friday, hitting $11.17. 2,549,279 shares of the company were exchanged, compared to its average volume of 2,523,680. The firm has a market capitalization of $746.50 million, a P/E ratio of 31.92 and a beta of 1.01. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.69. Rapid7, Inc. has a 1-year low of $4.97 and a 1-year high of $24.42. The stock’s 50 day moving average price is $7.63 and its 200 day moving average price is $8.53.

Rapid7 (NASDAQ:RPD) last released its earnings results on Tuesday, May 5th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06. The firm had revenue of $209.69 million for 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%.The firm’s revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.49 EPS. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. Sell-side analysts predict that Rapid7, Inc. will post 0.63 EPS for the current year.

About Rapid7

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.