Estuary Capital Management LP Purchases 29,203 Shares of Rapid7, Inc. $RPD

Key Points

• Estuary Capital Management LP increased its stake in Rapid7, Inc. by 5.7% in the first quarter, owning 544,083 shares valued at approximately $14.42 million.
• Institutional investors now hold 95.66% of Rapid7's stock, indicating strong institutional interest and confidence in the company.
• Rapid7 reported better-than-expected earnings with an EPS of $0.58 for the last quarter, surpassing analyst estimates of $0.44.

Estuary Capital Management LP increased its holdings in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 5.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 544,083 shares of the technology company's stock after purchasing an additional 29,203 shares during the quarter. Rapid7 accounts for 3.5% of Estuary Capital Management LP's holdings, making the stock its 11th biggest position. Estuary Capital Management LP owned approximately 0.85% of Rapid7 worth $14,424,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC acquired a new position in Rapid7 during the 1st quarter worth approximately $424,000. Alyeska Investment Group L.P. boosted its holdings in shares of Rapid7 by 3.6% in the 1st quarter. Alyeska Investment Group L.P. now owns 681,997 shares of the technology company's stock valued at $18,080,000 after buying an additional 23,983 shares during the last quarter. Maverick Capital Ltd. boosted its holdings in shares of Rapid7 by 175.5% in the 1st quarter. Maverick Capital Ltd. now owns 26,064 shares of the technology company's stock valued at $691,000 after buying an additional 16,604 shares during the last quarter. Cubist Systematic Strategies LLC boosted its holdings in shares of Rapid7 by 453.2% in the 1st quarter. Cubist Systematic Strategies LLC now owns 50,339 shares of the technology company's stock valued at $1,334,000 after buying an additional 41,239 shares during the last quarter. Finally, Royal Bank of Canada boosted its holdings in shares of Rapid7 by 26.8% in the 1st quarter. Royal Bank of Canada now owns 326,910 shares of the technology company's stock valued at $8,667,000 after buying an additional 69,122 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company's stock.

Insiders Place Their Bets

In other Rapid7 news, CAO Scott M. Murphy sold 1,370 shares of Rapid7 stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $20.25, for a total value of $27,742.50. Following the transaction, the chief accounting officer owned 27,592 shares in the company, valued at $558,738. The trade was a 4.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jana Partners Management, Lp bought 358,738 shares of the firm's stock in a transaction on Monday, August 11th. The stock was acquired at an average price of $18.23 per share, for a total transaction of $6,539,793.74. Following the transaction, the director owned 6,105,148 shares of the company's stock, valued at approximately $111,296,848.04. The trade was a 6.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 772,194 shares of company stock worth $15,135,356 in the last 90 days. 2.40% of the stock is owned by company insiders.

Rapid7 Price Performance

Shares of NASDAQ RPD traded up $0.28 during mid-day trading on Monday, reaching $20.60. The company had a trading volume of 729,855 shares, compared to its average volume of 861,204. 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 firm has a market cap of $1.33 billion, a price-to-earnings ratio of 50.25 and a beta of 0.94. The business's 50-day simple moving average is $21.68 and its 200 day simple moving average is $23.97.

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 analysts' consensus estimates of $0.44 by $0.14. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%.The company had revenue of $214.19 million for the quarter, compared to analysts' expectations of $212.17 million. During the same quarter last year, the business earned $0.58 earnings per share. Rapid7's 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. On average, research analysts predict that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Barclays cut their price objective on Rapid7 from $26.00 to $25.00 and set an "equal weight" rating for the company in a report on Tuesday, May 13th. Canaccord Genuity Group cut 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. Raymond James Financial cut their price target on Rapid7 from $40.00 to $30.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Jefferies Financial Group set a $27.00 price target on Rapid7 and gave the company a "buy" rating in a report on Friday, August 8th. Finally, Morgan Stanley cut their price target on Rapid7 from $28.00 to $22.00 and set an "equal weight" rating for the company in a report on Tuesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $26.56.

Rapid7 Company Profile

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.