36,563 Shares in Rapid7, Inc. $RPD Bought by DDD Partners LLC

Key Points

• DDD Partners LLC acquired 36,563 shares of Rapid7, Inc. worth approximately $846,000, representing about 0.06% ownership at the end of the most recent quarter.
• Rapid7's recent quarterly earnings showed an EPS of $0.58, surpassing analysts' expectations of $0.44, with a revenue increase of 3.0% year-over-year.
• Analysts have recently lowered target prices for Rapid7, with UBS Group adjusting from $34.00 to $29.00, while two equities research analysts rated it as a Strong Buy, reflecting diverse views on the stock's potential.

DDD Partners LLC purchased a new position in Rapid7, Inc. (NASDAQ:RPD - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,563 shares of the technology company's stock, valued at approximately $846,000. DDD Partners LLC owned about 0.06% of Rapid7 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in shares of Rapid7 in the first quarter worth $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of Rapid7 in the first quarter worth $38,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Rapid7 in the first quarter worth $74,000. New Age Alpha Advisors LLC bought a new stake in shares of Rapid7 in the first quarter worth $115,000. Finally, Y.D. More Investments Ltd increased its stake in shares of Rapid7 by 12.0% in the first quarter. Y.D. More Investments Ltd now owns 5,839 shares of the technology company's stock worth $171,000 after buying an additional 625 shares during the last quarter. Institutional investors own 95.66% of the company's stock.

Rapid7 Price Performance

NASDAQ RPD traded up $0.30 on Friday, reaching $19.22. The company's stock had a trading volume of 21,742 shares, compared to its average volume of 871,032. Rapid7, Inc. has a twelve month low of $17.75 and a twelve month high of $44.48. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $1.24 billion, a PE ratio of 46.76 and a beta of 0.92. The firm's 50 day moving average is $19.63 and its two-hundred day moving average is $21.88.

Rapid7 (NASDAQ:RPD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.58 earnings per share 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 company had revenue of $214.19 million during the quarter, compared to the consensus estimate of $212.17 million. During the same period in the prior year, the company earned $0.58 EPS. Rapid7's revenue was up 3.0% on a year-over-year basis. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. As a group, sell-side analysts predict that Rapid7, Inc. will post 0.35 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. UBS Group lowered their target price on shares of Rapid7 from $34.00 to $29.00 and set a "buy" rating for the company in a research note on Tuesday. JPMorgan Chase & Co. lowered their target price on shares of Rapid7 from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Citigroup lowered their target price on shares of Rapid7 from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Wall Street Zen upgraded shares of Rapid7 from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Finally, Jefferies Financial Group set a $27.00 target price on shares of Rapid7 and gave the company a "buy" rating in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $26.28.

Insider Transactions at Rapid7

In other Rapid7 news, Director Jana Partners Management, Lp purchased 250,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was bought at an average cost of $21.26 per share, with a total value of $5,315,000.00. Following the acquisition, the director owned 6,518,604 shares of the company's stock, valued at $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 is available through this hyperlink. Also, CAO Scott M. Murphy sold 1,370 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $20.25, for a total value of $27,742.50. Following the sale, the chief accounting officer owned 27,592 shares in the company, valued at approximately $558,738. The trade was a 4.73% decrease in their position. The disclosure for this sale can be found here. Insiders acquired a total of 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.

Rapid7 Company Profile

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.

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