Assenagon Asset Management S.A. Acquires 87,178 Shares of Rapid7, Inc. $RPD

Key Points

• Assenagon Asset Management increased its Rapid7 stake by 113.7% in the second quarter, adding 87,178 shares to own 163,844 shares worth approximately $1.33 million. Institutional investors collectively own 95.66% of the company.
• Rapid7 exceeded quarterly expectations with earnings of $0.44 per share versus $0.35 forecast and revenue of $210.88 million versus $208.23 million expected. However, revenue declined 1.5% year over year, and planned restructuring could create execution and cost pressures.
• Analyst sentiment remains cautious: the stock carries a consensus “Reduce” rating, based on one Buy, 18 Holds and four Sells, with an average price target of $11.98.

Assenagon Asset Management S.A. raised its holdings in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 113.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 163,844 shares of the technology company's stock after purchasing an additional 87,178 shares during the quarter. Assenagon Asset Management S.A. owned 0.25% of Rapid7 worth $1,327,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in RPD. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Rapid7 by 114.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company's stock valued at $49,409,000 after acquiring an additional 1,142,148 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Rapid7 by 48.3% in the 4th quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company's stock worth $35,356,000 after purchasing an additional 758,009 shares during the period. Vanguard Group Inc. increased its position in shares of Rapid7 by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company's stock valued at $140,961,000 after purchasing an additional 653,498 shares during the last quarter. Marshall Wace LLP increased its position in shares of Rapid7 by 60.9% during the 3rd quarter. Marshall Wace LLP now owns 1,139,273 shares of the technology company's stock valued at $21,361,000 after purchasing an additional 431,195 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in Rapid7 by 81.0% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 701,200 shares of the technology company's stock valued at $13,624,000 after buying an additional 313,717 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Scotiabank raised their price target on Rapid7 from $7.00 to $10.15 and gave the stock a "sector perform" rating in a research report on Tuesday. DA Davidson increased their target price on shares of Rapid7 from $5.25 to $9.00 and gave the company an "underperform" rating in a research note on Tuesday. Weiss Ratings restated a "sell (d)" rating on shares of Rapid7 in a report on Wednesday, June 24th. UBS Group lifted their price target on shares of Rapid7 from $7.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday. Finally, Royal Bank Of Canada upped their price target on shares of Rapid7 from $11.00 to $12.00 and gave the company a "sector perform" rating in a report on Tuesday. One research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce" and a consensus target price of $11.98.

Rapid7 Price Performance

Rapid7 stock opened at $13.00 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.80 and a quick ratio of 0.78. The stock has a market cap of $876.20 million, a price-to-earnings ratio of 41.94 and a beta of 0.97. The firm has a 50-day moving average of $9.66 and a two-hundred day moving average of $8.00. Rapid7, Inc. has a 1 year low of $4.97 and a 1 year high of $21.77.

Rapid7 (NASDAQ:RPD - Get Free Report) last issued its earnings results on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.09. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. The business had revenue of $210.88 million for the quarter, compared to analyst estimates of $208.23 million. During the same period last year, the company posted $0.58 earnings per share. The company's quarterly revenue was down 1.5% compared to the same quarter last year. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. On average, research analysts forecast that Rapid7, Inc. will post 0.69 earnings per share for the current year.

Key Headlines Impacting Rapid7

Here are the key news stories impacting Rapid7 this week:

• Positive Sentiment: Rapid7 reported quarterly earnings of $0.44 per share, exceeding the $0.35 consensus estimate, while revenue of $210.88 million also topped expectations. The results and subsequent guidance of $0.44–$0.47 in quarterly EPS provide support for the stock. Rapid7 Shares Gap Up Following Earnings Beat
• Positive Sentiment: Rapid7’s research with Omdia identified a significant gap in corporate AI governance, with executive security leaders reporting greater concern and engagement. The findings could reinforce demand for Rapid7’s security and risk-management products as businesses expand AI adoption. Rapid7-Omdia AI Governance Research
• Positive Sentiment: Stephens raised its price target to $12, while reports from Robert W. Baird and JPMorgan described potential for meaningful price appreciation. These targets suggest some analysts view the recent weakness as an opportunity. Stephens Raises Rapid7 Price Target
• Neutral Sentiment: Stifel Nicolaus maintained a Hold rating, indicating that the earnings improvement has not yet changed its overall risk-reward assessment. Stifel Maintains Hold Rating
• Neutral Sentiment: Zacks’ value-focused review highlights valuation, growth and estimate-revision trends but does not provide a clear new catalyst. Zacks Rapid7 Value Review
• Negative Sentiment: Rapid7’s 2026 restructuring is intended to refocus the company on its core platform, but restructuring costs and execution risks may pressure near-term results. Revenue also declined 1.5% year over year, tempering the earnings beat. Rapid7 Announces 2026 Restructuring

Rapid7 Profile

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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