Counterpoint Mutual Funds LLC bought a new position in Rapid7, Inc. (NASDAQ:RPD - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 30,842 shares of the technology company's stock, valued at approximately $713,000.
Several other hedge funds also recently made changes to their positions in RPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Rapid7 by 112.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,286,300 shares of the technology company's stock worth $60,610,000 after buying an additional 1,209,856 shares during the period. Penserra Capital Management LLC boosted its holdings in Rapid7 by 95.8% in the first quarter. Penserra Capital Management LLC now owns 1,880,084 shares of the technology company's stock valued at $49,841,000 after acquiring an additional 919,955 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in Rapid7 by 756,734.3% in the first quarter. Jones Financial Companies Lllp now owns 749,266 shares of the technology company's stock valued at $19,863,000 after acquiring an additional 749,167 shares in the last quarter. Nuveen LLC bought a new stake in Rapid7 in the first quarter valued at $15,510,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Rapid7 in the first quarter valued at $11,811,000. 95.66% of the stock is owned by hedge funds and other institutional investors.
Rapid7 Stock Performance
Shares of Rapid7 stock opened at $20.81 on Tuesday. 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 stock has a market cap of $1.35 billion, a price-to-earnings ratio of 50.76 and a beta of 0.94. The firm's 50-day moving average is $20.81 and its 200 day moving average is $23.23. Rapid7, Inc. has a 1 year low of $17.83 and a 1 year high of $44.48.
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 analysts' consensus estimates of $0.44 by $0.14. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. The firm had revenue of $214.19 million for the quarter, compared to the consensus estimate of $212.17 million. During the same quarter last year, the firm posted $0.58 EPS. The business's quarterly revenue was up 3.0% compared to the same quarter last year. 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 EPS for the current fiscal year.
Insider Activity at Rapid7
In other news, CAO Scott M. Murphy sold 1,370 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $20.25, for a total transaction of $27,742.50. Following the completion of the transaction, the chief accounting officer directly owned 27,592 shares of the company's stock, valued at $558,738. The trade was a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jana Partners Management, Lp acquired 358,738 shares of the firm's stock in a transaction dated Monday, August 11th. The shares were bought at an average cost of $18.23 per share, with a total value of $6,539,793.74. Following the completion of the acquisition, the director directly owned 6,105,148 shares of the company's stock, valued at $111,296,848.04. The trade was a 6.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 772,194 shares of company stock valued at $15,135,356 over the last three months. 2.40% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
RPD has been the topic of several recent analyst reports. Stifel Nicolaus cut their price target on shares of Rapid7 from $29.00 to $22.00 and set a "hold" rating on the stock in a report on Friday, August 8th. Raymond James Financial cut their price target on shares of Rapid7 from $40.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. JPMorgan Chase & Co. cut their price target on shares of Rapid7 from $28.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. Susquehanna cut their price target on shares of Rapid7 from $30.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. Finally, UBS Group cut their price target on shares of Rapid7 from $39.00 to $34.00 and set a "buy" rating on the stock in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $26.56.
Check Out Our Latest Stock Analysis on Rapid7
Rapid7 Profile
(
Free Report)
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.
Further Reading
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