Algert Global LLC Makes New Investment in Rapid7, Inc. $RPD

Key Points

• Algert Global LLC initiated a Rapid7 position of 164,640 shares valued at approximately $1.33 million, while other institutional investors also increased holdings; institutions collectively own 95.66% of the company.
• Rapid7 exceeded quarterly expectations with adjusted EPS of $0.44 versus the $0.35 consensus and revenue of $210.88 million, though revenue declined 1.5% year over year.
• Analysts remain cautious, with 18 Hold and four Sell ratings compared with one Buy; the consensus price target is $11.98, below the stock’s reported $13.29 price.

Algert Global LLC bought a new position in Rapid7, Inc. (NASDAQ:RPD - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 164,640 shares of the technology company's stock, valued at approximately $1,334,000. Algert Global LLC owned 0.24% of Rapid7 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RPD. Quantinno Capital Management LP lifted its position in shares of Rapid7 by 776.1% during the first quarter. Quantinno Capital Management LP now owns 260,359 shares of the technology company's stock worth $1,435,000 after purchasing an additional 230,641 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Rapid7 by 535.0% during the 1st quarter. Renaissance Technologies LLC now owns 149,196 shares of the technology company's stock valued at $822,000 after purchasing an additional 125,700 shares in the last quarter. Pacer Advisors Inc. grew its holdings in Rapid7 by 24.3% during the 1st quarter. Pacer Advisors Inc. now owns 469,912 shares of the technology company's stock valued at $2,589,000 after purchasing an additional 91,905 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Rapid7 during the 1st quarter worth $1,048,000. Finally, Assenagon Asset Management S.A. increased its stake in Rapid7 by 113.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 163,844 shares of the technology company's stock worth $1,327,000 after buying an additional 87,178 shares during the period. Institutional investors and hedge funds own 95.66% of the company's stock.

Rapid7 Stock Down 1.6%

Shares of NASDAQ:RPD opened at $13.29 on Friday. The stock has a market capitalization of $895.75 million, a price-to-earnings ratio of 42.87 and a beta of 0.97. Rapid7, Inc. has a 1-year low of $4.97 and a 1-year high of $21.26. The company's fifty day moving average is $10.73 and its two-hundred day moving average is $8.05. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80.

Rapid7 (NASDAQ:RPD - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.35 by $0.09. The business had revenue of $210.88 million during the quarter, compared to analyst estimates of $208.23 million. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. The company's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.58 EPS. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. Equities analysts anticipate that Rapid7, Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on RPD shares. Stephens reaffirmed a "positive" rating on shares of Rapid7 in a research report on Tuesday, August 11th. JPMorgan Chase & Co. raised their price target on shares of Rapid7 from $7.00 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Citigroup restated a "neutral" rating on shares of Rapid7 in a research note on Wednesday, August 12th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $12.00 price target on shares of Rapid7 in a report on Tuesday, August 11th. Finally, Piper Sandler increased their price objective on shares of Rapid7 from $8.00 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have issued a Sell rating to the company. According to MarketBeat.com, Rapid7 presently has an average rating of "Reduce" and a consensus target price of $11.98.

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.

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