585,077 Shares in Rapid7, Inc. $RPD Acquired by Nuveen LLC

Key Points

• Nuveen LLC acquired 585,077 shares of Rapid7, Inc. valued at approximately $15.5 million, representing about 0.91% of the company as of the latest reporting period.
• Institutional investors hold 95.66% of Rapid7's stock, indicating significant interest in the technology company among major financial players.
• Analyst ratings for Rapid7 show a mix of expectations; the average target price is $26.89, with one Strong Buy and thirteen Hold ratings reported.

Nuveen LLC acquired a new stake in Rapid7, Inc. (NASDAQ:RPD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 585,077 shares of the technology company's stock, valued at approximately $15,510,000. Nuveen LLC owned 0.91% of Rapid7 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas grew its stake in Rapid7 by 24.1% in the 1st quarter. Teacher Retirement System of Texas now owns 54,091 shares of the technology company's stock valued at $1,434,000 after purchasing an additional 10,487 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Rapid7 by 18.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,548 shares of the technology company's stock valued at $291,000 after buying an additional 1,648 shares during the last quarter. New York State Teachers Retirement System purchased a new position in shares of Rapid7 during the 1st quarter valued at $29,000. Invesco Ltd. lifted its position in shares of Rapid7 by 5.4% during the 4th quarter. Invesco Ltd. now owns 36,487 shares of the technology company's stock valued at $1,468,000 after buying an additional 1,860 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Rapid7 by 1.1% during the 1st quarter. Principal Financial Group Inc. now owns 54,915 shares of the technology company's stock valued at $1,456,000 after buying an additional 609 shares during the last quarter. Institutional investors own 95.66% of the company's stock.

Rapid7 Price Performance

NASDAQ RPD traded down $0.48 on Monday, reaching $20.27. 145,434 shares of the company's stock traded hands, compared to its average volume of 868,536. Rapid7, Inc. has a 12 month low of $17.83 and a 12 month high of $44.48. 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 50-day simple moving average of $22.26 and a 200 day simple moving average of $25.04. The stock has a market cap of $1.31 billion, a PE ratio of 49.44 and a beta of 0.96.

Rapid7 (NASDAQ:RPD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.58 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 business had revenue of $214.19 million for the quarter, compared to analysts' expectations of $212.17 million. During the same period last year, the business earned $0.58 earnings per share. The business's quarterly 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, research analysts predict that Rapid7, Inc. will post 0.35 earnings per share for the current year.

Insider Transactions at Rapid7

In related news, Director Jana Partners Management, Lp purchased 358,738 shares of Rapid7 stock in a transaction that occurred on Monday, August 11th. The shares were acquired at an average cost of $18.23 per share, for a total transaction of $6,539,793.74. Following the transaction, the director directly owned 6,105,148 shares in the company, valued at $111,296,848.04. The trade was a 6.24% increase 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. In the last 90 days, insiders purchased 772,194 shares of company stock worth $15,135,356. 2.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

RPD has been the topic of a number of recent research reports. DA Davidson reaffirmed an "underperform" rating and set a $21.00 price target (down previously from $29.00) on shares of Rapid7 in a research report on Tuesday, May 13th. JPMorgan Chase & Co. dropped their price target on Rapid7 from $28.00 to $23.00 and set a "neutral" rating on the stock in a research report on Monday, August 4th. Stifel Nicolaus dropped their price target on Rapid7 from $29.00 to $22.00 and set a "hold" rating on the stock in a research report on Friday, August 8th. Morgan Stanley upped their price target on Rapid7 from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Finally, Canaccord Genuity Group dropped their price target on Rapid7 from $39.00 to $32.00 and set a "hold" rating on the stock in a research report on Monday, August 11th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $26.89.

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.