Ieq Capital LLC Takes Position in Rapid7, Inc. $RPD

Key Points

• Ieq Capital LLC acquired 104,312 Rapid7 shares during the second quarter, valued at approximately $845,000 and representing about 0.16% of the company. Hedge funds and institutional investors collectively own 95.66% of RPD.
• Rapid7 reported quarterly EPS of $0.44, exceeding the $0.35 consensus estimate, while revenue of $210.88 million slightly topped expectations but declined 1.5% year over year.
• RPD shares opened at $13.50, above the consensus analyst price target of $11.98. Analyst sentiment remains cautious, with a consensus rating of “Reduce” based on one Buy, eighteen Hold, and four Sell ratings.

Ieq Capital LLC bought a new position in Rapid7, Inc. (NASDAQ:RPD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 104,312 shares of the technology company's stock, valued at approximately $845,000. Ieq Capital LLC owned about 0.16% of Rapid7 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in RPD. Parallel Advisors LLC boosted its position in Rapid7 by 108.8% during the 1st quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company's stock valued at $35,000 after buying an additional 3,304 shares during the period. Allworth Financial LP purchased a new position in shares of Rapid7 in the second quarter valued at about $42,000. Headlands Technologies LLC bought a new position in shares of Rapid7 during the second quarter valued at about $44,000. GAMMA Investing LLC raised its stake in shares of Rapid7 by 20.6% during the second 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 last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Rapid7 during the fourth quarter worth about $71,000. 95.66% of the stock is owned by hedge funds and other institutional investors.

Rapid7 Price Performance

Shares of NASDAQ RPD opened at $13.50 on Friday. The company has a 50 day simple moving average of $10.60 and a two-hundred day simple moving average of $8.01. Rapid7, Inc. has a fifty-two week low of $4.97 and a fifty-two week high of $21.26. The company has a market capitalization of $909.90 million, a price-to-earnings ratio of 43.55 and a beta of 0.97. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80.

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

Analyst Ratings Changes

Several analysts recently issued reports on RPD shares. Weiss Ratings reissued a "sell (d)" rating on shares of Rapid7 in a research note on Wednesday, June 24th. Canaccord Genuity Group upped their price target on Rapid7 from $7.00 to $14.00 and gave the company a "hold" rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded Rapid7 from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Truist Financial lifted their price objective on Rapid7 from $6.00 to $10.00 and gave the stock a "hold" rating in a research report on Tuesday, July 21st. Finally, Citigroup reissued a "neutral" rating on shares of Rapid7 in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Rapid7 currently has a consensus rating of "Reduce" and an average price target of $11.98.

Rapid7 Company 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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