Rapid7, Inc. $RPD Shares Bought by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its stake in Rapid7, Inc. by 453.2%, acquiring an additional 41,239 shares, bringing its total holding to 50,339 shares valued at approximately $1,334,000.
• Rapid7 reported $0.58 EPS for the last quarter, beating estimates, and its revenue was up 3.0% year-over-year at $214.19 million.
• Several analysts have adjusted their ratings on Rapid7, with current consensus ratings showing one strong buy, four buys, and fourteen holds, alongside a price target ranging around $26.56.

Cubist Systematic Strategies LLC lifted its position in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 453.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,339 shares of the technology company's stock after buying an additional 41,239 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.08% of Rapid7 worth $1,334,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in Rapid7 by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 54,915 shares of the technology company's stock valued at $1,456,000 after purchasing an additional 609 shares in the last quarter. Y.D. More Investments Ltd increased its holdings in Rapid7 by 12.0% in the 1st quarter. Y.D. More Investments Ltd now owns 5,839 shares of the technology company's stock valued at $171,000 after purchasing an additional 625 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in Rapid7 in the 1st quarter valued at $29,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Rapid7 in the 1st quarter valued at $38,000. Finally, Versant Capital Management Inc increased its holdings in Rapid7 by 5,311.1% in the 1st quarter. Versant Capital Management Inc now owns 1,461 shares of the technology company's stock valued at $39,000 after purchasing an additional 1,434 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Rapid7 news, Director Jana Partners Management, Lp acquired 250,000 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of $21.26 per share, for a total transaction of $5,315,000.00. Following the completion of the purchase, the director directly owned 6,518,604 shares in the company, 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 filing with the SEC, which is accessible through this link. Also, CAO Scott M. Murphy sold 1,370 shares of the stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $20.25, for a total transaction of $27,742.50. Following the sale, the chief accounting officer owned 27,592 shares in the company, valued at approximately $558,738. This trade represents a 4.73% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 772,194 shares of company stock worth $15,135,356. 2.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

RPD has been the subject of several recent research reports. UBS Group lowered their price target on Rapid7 from $39.00 to $34.00 and set a "buy" rating for the company in a report on Friday, August 8th. Canaccord Genuity Group lowered their price target on Rapid7 from $39.00 to $32.00 and set a "hold" rating for the company in a report on Monday, August 11th. Jefferies Financial Group set a $27.00 price objective on shares of Rapid7 and gave the company a "buy" rating in a research report on Friday, August 8th. Susquehanna decreased their price objective on shares of Rapid7 from $30.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. Finally, Stifel Nicolaus decreased their price objective on shares of Rapid7 from $29.00 to $22.00 and set a "hold" rating for the company in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Rapid7 currently has an average rating of "Hold" and an average target price of $26.56.

Rapid7 Stock Down 2.6%

Shares of RPD stock traded down $0.52 during trading hours on Friday, hitting $19.56. 708,573 shares of the company were exchanged, compared to its average volume of 697,555. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.36 and a current ratio of 1.36. Rapid7, Inc. has a one year low of $17.83 and a one year high of $44.48. The business's 50-day simple moving average is $21.29 and its two-hundred day simple moving average is $23.68. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 47.71 and a beta of 0.94.

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, topping the consensus estimate 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 quarter last year, the company posted $0.58 earnings per share. The company'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 predict that Rapid7, Inc. will post 0.35 EPS for the current fiscal year.

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.