MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 74,856 Shares of Rapid7, Inc. $RPD

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rapid7, Inc. by 8.1%, acquiring an additional 74,856 shares, bringing its total holdings to approximately 994,290 shares valued at $26.37 million.
• Wall Street analysts have mixed opinions on Rapid7, with a consensus "Hold" rating and a target price ranging from $20.00 to $28.00, reflecting cautious optimism amid market volatility.
• In recent insider trading activity, CAO Scott M. Murphy sold 1,370 shares while Director Jana Partners Management acquired 358,738 shares, highlighting varied insider sentiment towards the stock.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 8.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 994,290 shares of the technology company's stock after acquiring an additional 74,856 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.55% of Rapid7 worth $26,367,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invenomic Capital Management LP acquired a new stake in shares of Rapid7 during the first quarter worth $2,096,000. Jacobs Levy Equity Management Inc. bought a new position in Rapid7 during the first quarter worth about $11,811,000. Estuary Capital Management LP grew its position in shares of Rapid7 by 5.7% during the 1st quarter. Estuary Capital Management LP now owns 544,083 shares of the technology company's stock worth $14,424,000 after buying an additional 29,203 shares during the period. AQR Capital Management LLC acquired a new position in shares of Rapid7 during the 1st quarter worth about $424,000. Finally, Alyeska Investment Group L.P. increased its stake 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. 95.66% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Rapid7 news, 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 purchase, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Scott M. Murphy sold 1,370 shares of the business'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 sale, the chief accounting officer directly 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 disclosure for this sale can be found here. In the last ninety days, insiders purchased 772,194 shares of company stock valued at $15,135,356. 2.40% of the stock is owned by insiders.

Rapid7 Stock Down 1.8%

Rapid7 stock traded down $0.35 during midday trading on Friday, reaching $19.73. The stock had a trading volume of 374,295 shares, compared to its average volume of 857,358. The stock has a market capitalization of $1.28 billion, a P/E ratio of 48.11 and a beta of 0.94. The firm's fifty day simple moving average is $21.38 and its 200-day simple moving average is $23.75. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.36 and a current 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 issued its quarterly earnings results on Thursday, August 7th. The technology company reported $0.58 earnings per share for the quarter, topping 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 analysts' expectations of $212.17 million. During the same period last year, the business earned $0.58 EPS. The business's quarterly 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. As a group, analysts expect that Rapid7, Inc. will post 0.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on RPD shares. Royal Bank Of Canada reduced their price objective on shares of Rapid7 from $27.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Friday, August 8th. Raymond James Financial reduced their price target on shares of Rapid7 from $40.00 to $30.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. Susquehanna lowered their price objective on shares of Rapid7 from $30.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, August 11th. Citigroup reduced their target price on Rapid7 from $35.00 to $30.00 and set a "buy" rating on the stock in a report on Monday, August 18th. Finally, Canaccord Genuity Group decreased their target price on Rapid7 from $39.00 to $32.00 and set a "hold" rating for the company in a research note on Monday, August 11th. One 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. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $26.56.

About Rapid7

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.