Palogic Value Management L.P. Makes New $852,000 Investment in Rapid7, Inc. $RPD

Key Points

• Palogic Value Management acquired 105,142 Rapid7 shares worth approximately $852,000, representing about 0.16% of the company. Institutional investors collectively own 95.66% of Rapid7.
• Rapid7 exceeded quarterly expectations, reporting adjusted earnings of $0.44 per share versus the $0.35 consensus estimate and revenue of $210.88 million. However, revenue declined 1.5% year over year.
• Analyst sentiment remains cautious: the stock has a consensus “Reduce” rating and an average price target of $11.98, despite several firms raising their targets after the earnings report.

Palogic Value Management L.P. bought a new stake in Rapid7, Inc. (NASDAQ:RPD - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 105,142 shares of the technology company's stock, valued at approximately $852,000. Palogic Value Management L.P. owned about 0.16% of Rapid7 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Bank of America Corp DE bought a new position in Rapid7 during the second quarter valued at $6,861,000. Man Group plc bought a new stake in shares of Rapid7 in the second quarter valued at $3,409,000. Jupiter Topco LLC purchased a new position in shares of Rapid7 during the 2nd quarter valued at $290,000. Hsbc Holdings PLC bought a new position in shares of Rapid7 during the 2nd quarter worth $969,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Rapid7 during the 2nd quarter worth $184,000. Hedge funds and other institutional investors own 95.66% of the company's stock.

Rapid7 Price Performance

RPD stock opened at $11.79 on Thursday. The firm has a 50 day moving average of $10.46 and a 200-day moving average of $7.99. The firm has a market capitalization of $794.65 million, a P/E ratio of 38.03 and a beta of 0.97. Rapid7, Inc. has a 12 month low of $4.97 and a 12 month high of $21.26. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50.

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

Analyst Upgrades and Downgrades

Several research firms have commented on RPD. Robert W. Baird upped their price objective on shares of Rapid7 from $8.00 to $10.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. Raymond James Financial reiterated an "outperform" rating and issued a $15.00 target price on shares of Rapid7 in a research note on Tuesday, August 11th. Royal Bank Of Canada boosted their price target on shares of Rapid7 from $11.00 to $12.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 11th. Morgan Stanley downgraded shares of Rapid7 from an "equal weight" rating to an "underweight" rating and set a $9.00 price objective for the company. in a report on Tuesday, July 21st. Finally, Piper Sandler lifted their price objective on shares of Rapid7 from $8.00 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price 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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