107,418 Shares in Rapid7, Inc. $RPD Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP acquired 107,418 shares in Rapid7, Inc., valued at approximately $2.84 million, representing about 0.17% ownership in the company.
• Rapid7 reported a quarterly EPS of $0.58, exceeding analysts' expectations of $0.44, with revenues of $214.19 million for the quarter.
• Several institutional investors, including Invesco Ltd. and Canada Pension Plan Investment Board, have increased their positions in Rapid7 during the fourth quarter, with hedge funds owning 95.66% of the stock.

Quantbot Technologies LP purchased a new position in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 107,418 shares of the technology company's stock, valued at approximately $2,848,000. Quantbot Technologies LP owned approximately 0.17% of Rapid7 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in RPD. New York State Teachers Retirement System purchased a new position in shares of Rapid7 during the 1st quarter worth $29,000. Versant Capital Management Inc lifted its stake in shares of Rapid7 by 5,311.1% during the 1st quarter. Versant Capital Management Inc now owns 1,461 shares of the technology company's stock worth $39,000 after purchasing an additional 1,434 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Rapid7 during the 1st quarter worth $74,000. New Age Alpha Advisors LLC purchased a new position in shares of Rapid7 during the 1st quarter worth $115,000. Finally, GAMMA Investing LLC lifted its stake in shares of Rapid7 by 2,069.2% during the 1st quarter. GAMMA Investing LLC now owns 5,488 shares of the technology company's stock worth $145,000 after purchasing an additional 5,235 shares during the period. Hedge funds and other institutional investors own 95.66% of the company's stock.

Rapid7 Stock Down 2.5%

NASDAQ RPD traded down $0.5160 during trading hours on Monday, hitting $20.2340. The company had a trading volume of 176,507 shares, compared to its average volume of 868,659. Rapid7, Inc. has a fifty-two week low of $17.83 and a fifty-two week high of $44.48. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 49.35 and a beta of 0.96. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.36 and a quick ratio of 1.36. The firm's 50 day moving average is $22.26 and its 200 day moving average is $25.04.

Rapid7 (NASDAQ:RPD - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.14. The firm had revenue of $214.19 million during the quarter, compared to the consensus estimate of $212.17 million. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%.The firm's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. Sell-side analysts anticipate that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Citigroup reduced their price target on Rapid7 from $35.00 to $30.00 and set a "buy" rating on the stock in a research note on Monday, August 18th. Canaccord Genuity Group dropped their price objective on Rapid7 from $39.00 to $32.00 and set a "hold" rating for the company in a report on Monday, August 11th. Mizuho dropped their price objective on Rapid7 from $27.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, August 8th. Robert W. Baird upped their price objective on Rapid7 from $26.00 to $28.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. Finally, DA Davidson restated an "underperform" rating and set a $21.00 price objective (down from $29.00) on shares of Rapid7 in a report on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $26.89.

Insider Buying and Selling at Rapid7

In other Rapid7 news, Director Jana Partners Management, Lp bought 250,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was bought at an average cost of $21.26 per share, for a total transaction of $5,315,000.00. Following the completion of the purchase, the director directly owned 6,518,604 shares of the company's stock, valued at approximately $138,585,521.04. The trade was a 3.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought 772,194 shares of company stock worth $15,135,356 in the last three months. 2.40% of the stock is owned by company insiders.

About Rapid7

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.