Rapid7, Inc. $RPD Shares Acquired by Maverick Capital Ltd.

Key Points

• Maverick Capital Ltd. increased its stake in Rapid7, Inc. by 175.5%, purchasing an additional 16,604 shares during the first quarter, bringing total holdings to 26,064 shares valued at approximately $691,000.
• A number of other institutional investors also increased their stakes in Rapid7, with Penserra Capital Management LLC and Shapiro Capital Management LLC raising their holdings significantly during the same period.
• Rapid7's stock recently had a quarterly earnings report showing a net margin of 3.41% and a revenue increase of 3.0% year-over-year, with EPS beating the consensus estimate by $0.14.

Maverick Capital Ltd. grew its holdings in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 175.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,064 shares of the technology company's stock after buying an additional 16,604 shares during the quarter. Maverick Capital Ltd.'s holdings in Rapid7 were worth $691,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Cubist Systematic Strategies LLC grew its stake in Rapid7 by 453.2% during the first quarter. Cubist Systematic Strategies LLC now owns 50,339 shares of the technology company's stock worth $1,334,000 after buying an additional 41,239 shares during the period. Royal Bank of Canada grew its stake in Rapid7 by 26.8% during the first quarter. Royal Bank of Canada now owns 326,910 shares of the technology company's stock worth $8,667,000 after buying an additional 69,122 shares during the period. Panagora Asset Management Inc. grew its stake in Rapid7 by 4.8% during the first quarter. Panagora Asset Management Inc. now owns 186,654 shares of the technology company's stock worth $4,948,000 after buying an additional 8,479 shares during the period. Vident Advisory LLC grew its stake in Rapid7 by 157.6% during the first quarter. Vident Advisory LLC now owns 87,127 shares of the technology company's stock worth $2,310,000 after buying an additional 53,309 shares during the period. Finally, Magnetar Financial LLC purchased a new position in shares of Rapid7 in the first quarter valued at $232,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Rapid7 Stock Up 2.4%

RPD traded up $0.48 during trading on Friday, hitting $20.32. The company had a trading volume of 832,486 shares, compared to its average volume of 909,137. The company has a market cap of $1.32 billion, a PE ratio of 49.56 and a beta of 0.94. The business has a 50-day moving average of $21.68 and a 200-day moving average of $24.09. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.36 and a quick ratio of 1.36. Rapid7, Inc. has a 1-year low of $17.83 and a 1-year high of $44.48.

Rapid7 (NASDAQ:RPD - Get Free Report) last posted its quarterly 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. The firm had revenue of $214.19 million for the quarter, compared to analysts' expectations of $212.17 million. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. The firm's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.58 earnings per share. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. As a group, analysts forecast that Rapid7, Inc. will post 0.35 earnings per share for the current year.

Insider Transactions at Rapid7

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their target price on shares of Rapid7 from $26.00 to $28.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Zacks Research downgraded shares of Rapid7 from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 26th. Canaccord Genuity Group decreased their target price 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. Citigroup decreased their target price on shares of Rapid7 from $35.00 to $30.00 and set a "buy" rating for the company in a research note on Monday, August 18th. Finally, Mizuho decreased their target price on shares of Rapid7 from $27.00 to $25.00 and set a "neutral" rating for the company in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Rapid7 currently has a consensus rating of "Hold" and an average target price of $26.56.

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.