Jacobs Levy Equity Management Inc. Acquires Shares of 445,520 Rapid7, Inc. $RPD

Jacobs Levy Equity Management Inc. bought a new position in Rapid7, Inc. (NASDAQ:RPD - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 445,520 shares of the technology company's stock, valued at approximately $11,811,000. Jacobs Levy Equity Management Inc. owned about 0.69% of Rapid7 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in RPD. Estuary Capital Management LP boosted its position in Rapid7 by 5.7% in the first quarter. Estuary Capital Management LP now owns 544,083 shares of the technology company's stock valued at $14,424,000 after buying an additional 29,203 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Rapid7 during the 1st quarter valued at 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 acquiring an additional 23,983 shares during the last quarter. Maverick Capital Ltd. increased its stake in shares of Rapid7 by 175.5% in the first quarter. Maverick Capital Ltd. now owns 26,064 shares of the technology company's stock worth $691,000 after acquiring an additional 16,604 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Rapid7 by 453.2% in the first quarter. Cubist Systematic Strategies LLC now owns 50,339 shares of the technology company's stock worth $1,334,000 after acquiring an additional 41,239 shares during the period. Hedge funds and other institutional investors own 95.66% of the company's stock.

Insider Buying and Selling at Rapid7

In other news, CAO Scott M. Murphy sold 1,370 shares of Rapid7 stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $20.25, for a total value of $27,742.50. Following the sale, the chief accounting officer owned 27,592 shares in the company, valued at $558,738. This trade represents a 4.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jana Partners Management, Lp purchased 358,738 shares of Rapid7 stock in a transaction that occurred on Monday, August 11th. The shares were bought at an average price of $18.23 per share, with a total value of $6,539,793.74. Following the transaction, the director owned 6,105,148 shares in the company, 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. Over the last ninety days, insiders have acquired 772,194 shares of company stock worth $15,135,356. Insiders own 2.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on RPD shares. JPMorgan Chase & Co. reduced their price objective on Rapid7 from $28.00 to $23.00 and set a "neutral" rating for the company in a research note on Monday, August 4th. Scotiabank reduced their price target on Rapid7 from $29.00 to $20.00 and set a "sector perform" rating for the company in a research report on Monday, August 11th. Canaccord Genuity Group decreased 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. Morgan Stanley dropped their price objective on shares of Rapid7 from $28.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 2nd. Finally, Stifel Nicolaus cut their target price on shares of Rapid7 from $29.00 to $22.00 and set a "hold" rating for the company in a report on Friday, August 8th. One investment 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 given a Sell rating to the company. According to data from MarketBeat.com, Rapid7 has a consensus rating of "Hold" and a consensus price target of $26.56.

Rapid7 Price Performance

Shares of Rapid7 stock traded down $0.35 on Friday, reaching $19.73. The company's stock had a trading volume of 374,295 shares, compared to its average volume of 857,358. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 9.84. The company has a market capitalization of $1.28 billion, a P/E ratio of 48.11 and a beta of 0.94. The stock has a 50-day moving average price of $21.38 and a 200-day moving average price of $23.75. Rapid7, Inc. has a 52-week low of $17.83 and a 52-week high of $44.48.

Rapid7 (NASDAQ:RPD - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $0.58 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $214.19 million for the quarter, compared to analyst estimates of $212.17 million. During the same quarter last year, the firm posted $0.58 EPS. The business'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. Analysts expect that Rapid7, Inc. will post 0.35 EPS for the current year.

Rapid7 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.