Rapid7, Inc. $RPD Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management significantly increased its stake in Rapid7, Inc. by 112.4% during the first quarter, acquiring an additional 1,209,856 shares to hold about 3.56% of the company, worth $60.61 million.
• Rapid7 reported earnings of $0.58 per share for the quarter, exceeding analysts' expectations of $0.44, and recorded revenues of $214.19 million, reflecting a 3.0% year-over-year increase.
• Analysts have lowered their price targets for Rapid7 shares, with a consensus rating of "Hold" and an average price target of $26.56.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Rapid7, Inc. (NASDAQ:RPD - Free Report) by 112.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,286,300 shares of the technology company's stock after acquiring an additional 1,209,856 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 3.56% of Rapid7 worth $60,610,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in RPD. New York State Teachers Retirement System purchased a new position in Rapid7 in the first quarter worth approximately $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Rapid7 during the 1st quarter worth approximately $38,000. Versant Capital Management Inc lifted its position in shares of Rapid7 by 5,311.1% during the 1st quarter. Versant Capital Management Inc now owns 1,461 shares of the technology company's stock worth $39,000 after buying an additional 1,434 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Rapid7 during the 1st quarter worth approximately $74,000. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Rapid7 during the 1st quarter worth approximately $115,000. Hedge funds and other institutional investors own 95.66% of the company's stock.

Rapid7 Stock Performance

Shares of Rapid7 stock traded down $0.13 during trading on Wednesday, reaching $19.50. The company's stock had a trading volume of 1,235,587 shares, compared to its average volume of 859,484. The company has a 50-day moving average price of $21.10 and a two-hundred day moving average price of $23.50. The firm has a market cap of $1.26 billion, a PE ratio of 47.56 and a beta of 0.94. Rapid7, Inc. has a fifty-two week low of $17.83 and a fifty-two week high of $44.48. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 9.84.

Rapid7 (NASDAQ:RPD - Get Free Report) last announced its earnings results on Thursday, August 7th. The technology company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.14. The business had revenue of $214.19 million for the quarter, compared to analysts' expectations of $212.17 million. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. The company's quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.58 EPS. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. On average, analysts forecast that Rapid7, Inc. will post 0.35 EPS for the current year.

Analyst Upgrades and Downgrades

RPD has been the subject of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of Rapid7 from $29.00 to $22.00 and set a "hold" rating for the company in a research report on Friday, August 8th. Raymond James Financial reduced their price objective on shares of Rapid7 from $40.00 to $30.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. Wall Street Zen upgraded shares of Rapid7 from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Citigroup reduced their price objective on shares of Rapid7 from $35.00 to $30.00 and set a "buy" rating for the company in a research report on Monday, August 18th. Finally, Mizuho reduced their price objective on shares of Rapid7 from $27.00 to $25.00 and set a "neutral" rating for the company in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $26.56.

Insider Buying and Selling at Rapid7

In other Rapid7 news, CAO Scott M. Murphy sold 1,370 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $20.25, for a total value of $27,742.50. Following the transaction, the chief accounting officer directly owned 27,592 shares of the company's stock, valued at approximately $558,738. The trade was a 4.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jana Partners Management, Lp acquired 358,738 shares of the company's stock in a transaction on Monday, August 11th. The stock was purchased at an average cost of $18.23 per share, for a total transaction of $6,539,793.74. Following the completion of the purchase, the director directly owned 6,105,148 shares in the company, valued at $111,296,848.04. This trade represents a 6.24% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 772,194 shares of company stock worth $15,135,356 over the last three months. 2.40% of the stock is currently owned by corporate insiders.

Rapid7 Profile

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.