Rapid7, Inc. $RPD Shares Newly Purchased by CWA Asset Management Group LLC

Key Points

• CWA Asset Management Group acquired 111,380 Rapid7 shares worth approximately $1.36 million, representing about 0.17% of the company. Institutional investors collectively own 95.66% of Rapid7.
• Rapid7’s latest quarterly results exceeded expectations, with EPS of $0.44 versus the $0.35 consensus and revenue of $210.88 million. However, revenue declined 1.5% year over year.
• Analysts remain cautious: Rapid7 has a consensus rating of “Reduce” and an average price target of $12.09, below the reported opening price of $13.51.

CWA Asset Management Group LLC acquired a new position in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 111,380 shares of the technology company's stock, valued at approximately $1,361,000. CWA Asset Management Group LLC owned approximately 0.17% of Rapid7 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. GAMMA Investing LLC increased its stake in shares of Rapid7 by 20.6% during the second quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company's stock valued at $48,000 after purchasing an additional 1,000 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Rapid7 by 13.4% during the second quarter. Versant Capital Management Inc now owns 10,469 shares of the technology company's stock valued at $85,000 after purchasing an additional 1,238 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of Rapid7 by 108.8% during the first quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company's stock valued at $35,000 after purchasing an additional 3,304 shares during the last quarter. Allworth Financial LP boosted its position in shares of Rapid7 by 511.3% in the 2nd quarter. Allworth Financial LP now owns 5,245 shares of the technology company's stock worth $42,000 after purchasing an additional 4,387 shares in the last quarter. Finally, Diversified Trust Co boosted its position in shares of Rapid7 by 19.1% in the 1st quarter. Diversified Trust Co now owns 27,463 shares of the technology company's stock worth $151,000 after purchasing an additional 4,398 shares in the last quarter. Institutional investors own 95.66% of the company's stock.

Rapid7 Price Performance

RPD opened at $13.51 on Thursday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market capitalization of $910.57 million, a P/E ratio of 43.58 and a beta of 1.02. The company's 50-day simple moving average is $12.30 and its two-hundred day simple moving average is $9.56. Rapid7, Inc. has a 52-week low of $4.97 and a 52-week high of $19.66.

Rapid7 (NASDAQ:RPD - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $210.88 million for the quarter, compared to the consensus estimate of $208.23 million. During the same quarter last year, the firm posted $0.58 EPS. The business's quarterly revenue was down 1.5% compared to the same quarter last year. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. As a group, analysts predict that Rapid7, Inc. will post 0.76 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on RPD. Susquehanna upped their price target on Rapid7 from $7.00 to $15.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 12th. Weiss Ratings upgraded Rapid7 from a "sell (d)" rating to a "sell (d+)" rating in a research note on Monday, September 14th. Scotiabank lifted their price objective on Rapid7 from $7.00 to $10.15 and gave the company a "sector perform" rating in a research note on Tuesday, August 11th. Mizuho boosted their target price on Rapid7 from $11.00 to $13.00 and gave the stock a "neutral" rating in a report on Thursday, October 15th. Finally, Canaccord Genuity Group increased their target price on Rapid7 from $7.00 to $14.00 and gave the stock a "hold" rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus target price of $12.09.

Rapid7 Company Profile

Rapid7, Inc NASDAQ: RPD is a cybersecurity company that provides technology and services to help organizations identify, assess and manage security risk across their IT environments. Its offerings are designed to support security operations, vulnerability management, cloud security, application security and incident response.

The company's product portfolio includes the Insight platform and solutions such as InsightVM for vulnerability risk management, InsightIDR for security detection and response, InsightCloudSec for cloud security and compliance, and InsightAppSec for application security testing.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.