UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $56,000 Stock Position in Rapid7, Inc. $RPD

Key Points

• UBS AM cut its Rapid7 position by 98.9% in the second quarter, selling 634,566 shares and retaining 6,901 shares valued at approximately $56,000.
• Rapid7 reported quarterly EPS of $0.44, beating estimates of $0.35, while revenue of $210.88 million also exceeded expectations; however, revenue declined 1.5% year over year.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $11.98. Institutional investors and hedge funds collectively own 95.66% of the company.

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 98.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 6,901 shares of the technology company's stock after selling 634,566 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Rapid7 were worth $56,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Rapid7 by 114.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company's stock worth $49,409,000 after buying an additional 1,142,148 shares during the period. Bank of America Corp DE acquired a new position in Rapid7 in the second quarter valued at $6,861,000. First Trust Advisors LP lifted its holdings 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 buying an additional 758,009 shares during the period. Bank of New York Mellon Corp bought a new stake in Rapid7 during the second quarter valued at $3,844,000. Finally, Marshall Wace LLP grew its holdings in Rapid7 by 60.9% during the 3rd quarter. Marshall Wace LLP now owns 1,139,273 shares of the technology company's stock worth $21,361,000 after acquiring an additional 431,195 shares during the period. Institutional investors and hedge funds own 95.66% of the company's stock.

Rapid7 Price Performance

Shares of RPD opened at $10.31 on Monday. The business's fifty day moving average is $11.40 and its 200 day moving average is $8.30. Rapid7, Inc. has a 12-month low of $4.97 and a 12-month high of $20.95. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.50. The stock has a market cap of $694.89 million, a P/E ratio of 33.26 and a beta of 1.01.

Rapid7 (NASDAQ:RPD - Get Free Report) last announced its quarterly earnings results on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.09. The business had revenue of $210.88 million during the quarter, compared to analyst estimates of $208.23 million. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. Rapid7's quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 EPS. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. Sell-side analysts anticipate that Rapid7, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on RPD shares. Robert W. Baird lifted their price objective on Rapid7 from $8.00 to $10.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 11th. Jefferies Financial Group reaffirmed a "hold" rating and set a $12.00 target price on shares of Rapid7 in a research note on Tuesday, August 11th. Stifel Nicolaus lifted their target price on Rapid7 from $7.00 to $13.00 and gave the stock a "hold" rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. increased their price target on Rapid7 from $7.00 to $12.00 and gave the stock a "neutral" rating in a report on Tuesday, August 11th. Finally, Scotiabank raised their price objective on shares of Rapid7 from $7.00 to $10.15 and gave the stock a "sector perform" rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus price target of $11.98.

Rapid7 Company 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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