Jones Financial Companies Lllp Buys 749,167 Shares of Rapid7, Inc. $RPD

Key Points

• Jones Financial Companies Lllp significantly increased its stake in Rapid7 by 756,734.3%, owning approximately 1.17% of the company worth about $19.9 million after purchasing 749,167 additional shares.
• Insider activity includes CAO Scott M. Murphy selling 1,370 shares, while Director Jana Partners Management acquired 358,738 shares, increasing their ownership by 6.24%.
• Multiple analysts have cut their price targets for Rapid7, with the average price target now at $26.56 and an overall rating of "Hold".

Jones Financial Companies Lllp raised its position in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 756,734.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 749,266 shares of the technology company's stock after purchasing an additional 749,167 shares during the quarter. Jones Financial Companies Lllp owned 1.17% of Rapid7 worth $19,863,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of RPD. Shapiro Capital Management LLC increased its stake in Rapid7 by 295.9% during the 4th quarter. Shapiro Capital Management LLC now owns 1,290,945 shares of the technology company's stock valued at $51,935,000 after purchasing an additional 964,899 shares in the last quarter. Penserra Capital Management LLC increased its stake in Rapid7 by 95.8% during the 1st quarter. Penserra Capital Management LLC now owns 1,880,084 shares of the technology company's stock valued at $49,841,000 after purchasing an additional 919,955 shares in the last quarter. Nuveen LLC bought a new stake in Rapid7 during the 1st quarter valued at about $15,510,000. Jacobs Levy Equity Management Inc. bought a new stake in Rapid7 during the 1st quarter valued at about $11,811,000. Finally, Nuveen Asset Management LLC grew its stake in shares of Rapid7 by 158.0% in the fourth quarter. Nuveen Asset Management LLC now owns 428,423 shares of the technology company's stock worth $17,235,000 after acquiring an additional 262,382 shares during the period. 95.66% of the stock is currently owned by institutional investors.

Insider Activity at Rapid7

In other Rapid7 news, CAO Scott M. Murphy sold 1,370 shares of Rapid7 stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $20.25, for a total transaction of $27,742.50. Following the transaction, the chief accounting officer owned 27,592 shares of the company's stock, valued at $558,738. The trade was 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 the SEC website. Also, Director Jana Partners Management, Lp purchased 358,738 shares of the stock in a transaction on Monday, August 11th. The shares were purchased at an average cost of $18.23 per share, for a total transaction of $6,539,793.74. Following the acquisition, the director directly owned 6,105,148 shares of the company's stock, valued at approximately $111,296,848.04. This represents a 6.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired 772,194 shares of company stock worth $15,135,356 in the last ninety days. Insiders own 2.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on RPD shares. Morgan Stanley reduced their price target on shares of Rapid7 from $28.00 to $22.00 and set an "equal weight" rating for the company in a research note on Tuesday, September 2nd. Canaccord Genuity Group reduced their price target on shares of Rapid7 from $39.00 to $32.00 and set a "hold" rating for the company in a research note on Monday, August 11th. Scotiabank reduced their price target on shares of Rapid7 from $29.00 to $20.00 and set a "sector perform" rating for the company in a research note on Monday, August 11th. Jefferies Financial Group set a $27.00 price objective on Rapid7 and gave the company a "buy" rating in a research report on Friday, August 8th. Finally, Citigroup dropped their target price on Rapid7 from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Rapid7 presently has an average rating of "Hold" and a consensus target price of $26.56.

Rapid7 Stock Performance

NASDAQ RPD traded down $0.35 during trading hours on Friday, hitting $19.73. 405,800 shares of the company's stock traded hands, compared to its average volume of 857,527. The business's fifty day moving average price is $21.38 and its two-hundred day moving average price is $23.75. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 9.84. The firm has a market capitalization of $1.28 billion, a P/E ratio of 47.88 and a beta of 0.94. 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 the consensus estimate of $0.44 by $0.14. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. The company had revenue of $214.19 million during the quarter, compared to analyst estimates of $212.17 million. During the same period in the previous year, the business posted $0.58 earnings per share. The firm's quarterly revenue was up 3.0% compared to the same quarter last year. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. Equities research analysts predict 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.