Rapid7, Inc. $RPD Shares Sold by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC reduced its Rapid7 stake by 40.2% in the second quarter, selling 96,313 shares and retaining 143,228 shares valued at approximately $1.16 million. Institutional investors collectively own 95.66% of the company.
• Analysts remain cautious, with a consensus rating of “Reduce” and an average price target of $11.98; the consensus includes one Buy, 17 Hold, and five Sell ratings.
• Rapid7’s latest quarterly results exceeded expectations, reporting $0.44 EPS versus the $0.35 consensus and $210.88 million in revenue, although revenue declined 1.5% year over year.

Squarepoint Ops LLC cut its position in Rapid7, Inc. (NASDAQ:RPD - Free Report) by 40.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 143,228 shares of the technology company's stock after selling 96,313 shares during the quarter. Squarepoint Ops LLC owned 0.21% of Rapid7 worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of RPD. Quantinno Capital Management LP boosted its holdings in Rapid7 by 776.1% during the 1st quarter. Quantinno Capital Management LP now owns 260,359 shares of the technology company's stock valued at $1,435,000 after acquiring an additional 230,641 shares during the period. Renaissance Technologies LLC increased its stake in Rapid7 by 535.0% during the first quarter. Renaissance Technologies LLC now owns 149,196 shares of the technology company's stock worth $822,000 after purchasing an additional 125,700 shares during the period. Pacer Advisors Inc. increased its stake in Rapid7 by 24.3% during the first quarter. Pacer Advisors Inc. now owns 469,912 shares of the technology company's stock worth $2,589,000 after purchasing an additional 91,905 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Rapid7 by 113.7% during the second quarter. Assenagon Asset Management S.A. now owns 163,844 shares of the technology company's stock worth $1,327,000 after purchasing an additional 87,178 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Rapid7 during the first quarter worth about $1,048,000. Hedge funds and other institutional investors own 95.66% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Jefferies Financial Group restated a "hold" rating and issued a $12.00 price objective on shares of Rapid7 in a report on Tuesday, August 11th. Stifel Nicolaus raised their price target on shares of Rapid7 from $7.00 to $13.00 and gave the company a "hold" rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $12.00 price target on shares of Rapid7 in a research note on Tuesday. UBS Group boosted their price target on shares of Rapid7 from $7.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 11th. Finally, Royal Bank Of Canada upped their price objective on Rapid7 from $11.00 to $12.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and an average price target of $11.98.

Rapid7 Price Performance

RPD stock opened at $12.46 on Thursday. The company's 50 day moving average price is $11.49 and its 200 day moving average price is $8.43. The firm has a market capitalization of $839.80 million, a price-to-earnings ratio of 40.19 and a beta of 1.01. Rapid7, Inc. has a fifty-two week low of $4.97 and a fifty-two week high of $20.95. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80.

Rapid7 (NASDAQ:RPD - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share (EPS) 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 company had revenue of $210.88 million during the quarter, compared to the consensus estimate of $208.23 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The firm's quarterly revenue was down 1.5% on a year-over-year basis. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. On average, equities research analysts anticipate that Rapid7, Inc. will post 0.74 EPS for the current fiscal year.

Rapid7 Profile

Rapid7, Inc NASDAQ: RPD is a cybersecurity company that helps organizations identify, assess and manage security risks across their IT environments. Its offerings are designed to provide visibility into vulnerabilities, endpoints, users, applications, cloud infrastructure and other technology assets, enabling customers to prioritize threats and respond to security incidents.

The company delivers many of its products through the Rapid7 Insight platform. Key offerings include InsightVM for vulnerability risk management, InsightIDR for security information and event detection and response, InsightCloudSec for cloud security and risk management, and InsightConnect for security orchestration and automation.

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