Renaissance Technologies LLC Purchases 125,700 Shares of Rapid7, Inc. $RPD

Key Points

• Renaissance Technologies increased its Rapid7 position by 535% in the first quarter, acquiring 125,700 additional shares for a total of 149,196 shares valued at approximately $822,000.
• Institutional ownership remains high at 95.66%, with Vanguard, First Trust Advisors, Mirae Asset, Geode Capital and Marshall Wace among the other major holders that expanded their positions.
• Rapid7 beat quarterly expectations with EPS of $0.44 versus $0.35 expected and revenue of $210.88 million, but analyst sentiment remains cautious: the consensus rating is “Reduce,” with a $11.98 price target.

Renaissance Technologies LLC grew its position in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 535.0% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 149,196 shares of the technology company's stock after acquiring an additional 125,700 shares during the quarter. Renaissance Technologies LLC owned 0.22% of Rapid7 worth $822,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in RPD. Vanguard Group Inc. lifted its position in shares of Rapid7 by 7.6% in the fourth quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company's stock worth $140,961,000 after purchasing an additional 653,498 shares in the last quarter. First Trust Advisors LP grew its position in Rapid7 by 48.3% in the fourth quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company's stock valued at $35,356,000 after purchasing an additional 758,009 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rapid7 by 1.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company's stock valued at $40,716,000 after buying an additional 34,438 shares during the last quarter. Geode Capital Management LLC lifted its position in Rapid7 by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 1,462,653 shares of the technology company's stock worth $22,236,000 after buying an additional 78,448 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in Rapid7 by 23.3% during the 4th quarter. Marshall Wace LLP now owns 1,404,686 shares of the technology company's stock worth $21,351,000 after buying an additional 265,413 shares in the last quarter. 95.66% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RPD has been the subject of several analyst reports. Citigroup restated a "neutral" rating on shares of Rapid7 in a report on Wednesday. William Blair lowered Rapid7 from an "outperform" rating to a "market perform" rating in a report on Tuesday, April 28th. Canaccord Genuity Group increased their price target on Rapid7 from $7.00 to $14.00 and gave the company a "hold" rating in a research report on Tuesday. Royal Bank Of Canada raised their price target on Rapid7 from $11.00 to $12.00 and gave the company a "sector perform" rating in a research note on Tuesday. Finally, Piper Sandler upped their price objective on Rapid7 from $8.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday. One research analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $11.98.

Rapid7 Trading Down 5.7%

Rapid7 stock opened at $13.00 on Friday. The stock has a 50-day simple moving average of $9.66 and a 200 day simple moving average of $8.00. The stock has a market capitalization of $876.20 million, a P/E ratio of 41.94 and a beta of 0.97. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.78 and a current ratio of 0.80. Rapid7, Inc. has a 52 week low of $4.97 and a 52 week high of $21.77.

Rapid7 (NASDAQ:RPD - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.09. Rapid7 had a return on equity of 27.89% and a net margin of 2.35%.The firm 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 company earned $0.58 earnings per share. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. Analysts expect that Rapid7, Inc. will post 0.69 earnings per share for the current year.

Trending Headlines about Rapid7

Here are the key news stories impacting Rapid7 this week:

• Positive Sentiment: Rapid7 reported quarterly earnings of $0.44 per share, exceeding the $0.35 consensus estimate, while revenue of $210.88 million also topped expectations. The results and subsequent guidance of $0.44–$0.47 in quarterly EPS provide support for the stock. Rapid7 Shares Gap Up Following Earnings Beat
• Positive Sentiment: Rapid7’s research with Omdia identified a significant gap in corporate AI governance, with executive security leaders reporting greater concern and engagement. The findings could reinforce demand for Rapid7’s security and risk-management products as businesses expand AI adoption. Rapid7-Omdia AI Governance Research
• Positive Sentiment: Stephens raised its price target to $12, while reports from Robert W. Baird and JPMorgan described potential for meaningful price appreciation. These targets suggest some analysts view the recent weakness as an opportunity. Stephens Raises Rapid7 Price Target
• Neutral Sentiment: Stifel Nicolaus maintained a Hold rating, indicating that the earnings improvement has not yet changed its overall risk-reward assessment. Stifel Maintains Hold Rating
• Neutral Sentiment: Zacks’ value-focused review highlights valuation, growth and estimate-revision trends but does not provide a clear new catalyst. Zacks Rapid7 Value Review
• Negative Sentiment: Rapid7’s 2026 restructuring is intended to refocus the company on its core platform, but restructuring costs and execution risks may pressure near-term results. Revenue also declined 1.5% year over year, tempering the earnings beat. Rapid7 Announces 2026 Restructuring

About Rapid7

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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