UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Acquires 1,209,856 Shares of Rapid7, Inc. $RPD

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 increased its stake in Rapid7, Inc. (NASDAQ:RPD - Free Report) by 112.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,286,300 shares of the technology company's stock after purchasing an additional 1,209,856 shares during the period. 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.

Other institutional investors also recently modified their holdings of the company. New York State Teachers Retirement System bought a new position in Rapid7 during the first quarter valued at approximately $29,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Rapid7 in the first quarter worth approximately $38,000. Versant Capital Management Inc grew its holdings in shares of Rapid7 by 5,311.1% in the first quarter. Versant Capital Management Inc now owns 1,461 shares of the technology company's stock worth $39,000 after purchasing an additional 1,434 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Rapid7 in the first quarter worth approximately $74,000. Finally, New Age Alpha Advisors LLC bought a new position in shares of Rapid7 in the first quarter worth approximately $115,000. 95.66% of the stock is currently owned by institutional investors.

Rapid7 Stock Up 0.5%

Rapid7 stock traded up $0.11 on Friday, hitting $20.29. 3,507,329 shares of the stock traded hands, compared to its average volume of 718,770. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 9.84. The firm has a market cap of $1.31 billion, a P/E ratio of 49.49 and a beta of 0.94. The business's fifty day simple moving average is $20.85 and its 200 day simple moving average is $23.36. Rapid7, Inc. has a 1 year low of $17.83 and a 1 year high of $44.48.

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

Analyst Ratings Changes

RPD has been the topic of several recent analyst reports. Canaccord Genuity Group cut their target price on shares of Rapid7 from $39.00 to $32.00 and set a "hold" rating on the stock in a report on Monday, August 11th. Raymond James Financial cut their target price on shares of Rapid7 from $40.00 to $30.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Royal Bank Of Canada cut their target price on shares of Rapid7 from $27.00 to $23.00 and set a "sector perform" rating on the stock in a report on Friday, August 8th. Wall Street Zen upgraded shares of Rapid7 from a "hold" rating to a "buy" rating in a report on Sunday, August 3rd. Finally, Jefferies Financial Group set a $27.00 target price on shares of Rapid7 and gave the stock a "buy" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $26.56.

Insider Activity

In related news, Director Jana Partners Management, Lp purchased 358,738 shares of the stock in a transaction dated Monday, August 11th. The stock was purchased at an average price of $18.23 per share, with a total value of $6,539,793.74. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott M. Murphy sold 1,370 shares of Rapid7 stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $20.25, for a total value of $27,742.50. Following the completion of the transaction, the chief accounting officer directly owned 27,592 shares of the company's stock, valued at approximately $558,738. This represents a 4.73% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders bought 772,194 shares of company stock valued at $15,135,356. 2.40% of the stock is owned by 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.