Engineers Gate Manager LP Has $1.99 Million Stake in Rapid7, Inc. $RPD

Key Points

• Engineers Gate Manager LP cut its Rapid7 stake by 31.7% in the second quarter, selling 113,943 shares and retaining 245,128 shares worth approximately $1.99 million.
• Rapid7 reported quarterly EPS of $0.44, exceeding the $0.35 analyst consensus, while revenue of $210.88 million also topped expectations; however, revenue declined 1.5% year over year.
• Analyst sentiment remains cautious, with a consensus rating of “Reduce” and an average price target of $11.98, below the stock’s reported $12.46 opening price.

Engineers Gate Manager LP reduced its holdings in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 31.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 245,128 shares of the technology company's stock after selling 113,943 shares during the quarter. Engineers Gate Manager LP owned approximately 0.36% of Rapid7 worth $1,986,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Integrated Wealth Concepts LLC acquired a new stake in Rapid7 during the 2nd quarter valued at $38,000. Allworth Financial LP acquired a new position in shares of Rapid7 in the second quarter valued at $42,000. GAMMA Investing LLC increased its holdings in shares of Rapid7 by 20.6% in the second quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company's stock valued at $48,000 after purchasing an additional 1,000 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Rapid7 by 108.8% in the first quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company's stock valued at $35,000 after purchasing an additional 3,304 shares during the period. Finally, Green Alpha Advisors LLC bought a new position in shares of Rapid7 in the second quarter valued at about $83,000. 95.66% of the stock is owned by institutional investors and hedge funds.

Rapid7 Stock Performance

Shares of Rapid7 stock opened at $12.46 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. The company has a market cap of $839.80 million, a PE ratio of 40.19 and a beta of 1.01. The company has a 50 day moving average of $11.47 and a 200-day moving average of $8.39. Rapid7, Inc. has a 1-year low of $4.97 and a 1-year high of $20.95.

Rapid7 (NASDAQ:RPD - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $208.23 million. During the same period last year, the firm posted $0.58 earnings per share. The firm'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. As a group, equities research analysts forecast that Rapid7, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on RPD. Truist Financial lifted their target price on shares of Rapid7 from $6.00 to $10.00 and gave the stock a "hold" rating in a report on Tuesday, July 21st. Robert W. Baird raised their price objective on shares of Rapid7 from $8.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Barclays boosted their price objective on Rapid7 from $6.50 to $12.00 and gave the stock an "underweight" rating in a report on Tuesday, August 11th. Susquehanna increased their target price on Rapid7 from $7.00 to $15.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 12th. Finally, Mizuho lifted their price target on Rapid7 from $8.00 to $11.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $11.98.

Rapid7 Profile

Rapid7, Inc NASDAQ: RPD is a cybersecurity company that helps organizations identify, assess and manage security risks across their IT environments. Its offerings are designed to provide visibility into vulnerabilities, endpoints, users, applications, cloud infrastructure and other technology assets, enabling customers to prioritize threats and respond to security incidents.

The company delivers many of its products through the Rapid7 Insight platform. Key offerings include InsightVM for vulnerability risk management, InsightIDR for security information and event detection and response, InsightCloudSec for cloud security and risk management, and InsightConnect for security orchestration and automation.

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