Hsbc Holdings PLC Invests $969,000 in Rapid7, Inc. $RPD

Key Points

• HSBC Holdings acquired 120,946 Rapid7 shares during the second quarter, valued at approximately $969,000 and representing about 0.18% of the cybersecurity company. Institutional investors collectively own 95.66% of Rapid7.
• Analysts remain cautious: one rates Rapid7 a Buy, 18 rate it Hold, and four rate it Sell. The stock has an average “Reduce” rating and an average price target of $11.98.
• Rapid7 exceeded quarterly expectations, reporting adjusted earnings of $0.44 per share versus the $0.35 consensus and revenue of $210.88 million versus $208.23 million expected, although revenue declined 1.5% year over year.

Hsbc Holdings PLC acquired a new stake in Rapid7, Inc. (NASDAQ:RPD - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 120,946 shares of the technology company's stock, valued at approximately $969,000. Hsbc Holdings PLC owned approximately 0.18% of Rapid7 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Prudential Financial Inc. lifted its position in Rapid7 by 8.8% during the second quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company's stock valued at $197,000 after buying an additional 690 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Rapid7 by 20.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company's stock valued at $48,000 after acquiring an additional 1,000 shares during the period. Versant Capital Management Inc raised its stake in shares of Rapid7 by 13.4% in the 2nd quarter. Versant Capital Management Inc now owns 10,469 shares of the technology company's stock valued at $85,000 after acquiring an additional 1,238 shares during the period. Parallel Advisors LLC lifted its holdings in shares of Rapid7 by 81.6% during the 4th quarter. Parallel Advisors LLC now owns 3,036 shares of the technology company's stock valued at $46,000 after acquiring an additional 1,364 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Rapid7 during the 2nd quarter worth $44,000. Institutional investors and hedge funds own 95.66% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on RPD shares. JPMorgan Chase & Co. raised their price objective on Rapid7 from $7.00 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, August 11th. Truist Financial raised their target price on Rapid7 from $6.00 to $10.00 and gave the company a "hold" rating in a report on Tuesday, July 21st. Scotiabank boosted 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, August 11th. Citigroup reaffirmed a "neutral" rating on shares of Rapid7 in a research report on Wednesday, August 12th. Finally, UBS Group boosted their target price 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. One analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $11.98.

Rapid7 Price Performance

RPD stock opened at $12.01 on Wednesday. The stock's 50 day moving average is $10.98 and its two-hundred day moving average is $8.08. Rapid7, Inc. has a 52-week low of $4.97 and a 52-week high of $20.95. The company has a market capitalization of $809.49 million, a PE ratio of 38.74 and a beta of 0.97. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.50.

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

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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