Rapid7, Inc. $RPD Stock Holdings Decreased by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its holdings in Rapid7, Inc. by 5.6%, now owning about 12.66% of the company, valued at $215.6 million as of the latest quarter.
• Rapid7 reported earnings of $0.58 EPS, exceeding analysts' expectations, and set FY 2025 guidance between $1.900-$2.030 EPS.
• A substantial increase in insider ownership occurred as Director Jana Partners Management bought 250,000 shares at $21.26 each, showing a 3.99% increase in their position.

Vanguard Group Inc. reduced its stake in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 5.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,132,513 shares of the technology company's stock after selling 485,967 shares during the period. Vanguard Group Inc. owned about 12.66% of Rapid7 worth $215,593,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. New Age Alpha Advisors LLC acquired a new position in Rapid7 during the 1st quarter worth $115,000. Bayforest Capital Ltd lifted its position in shares of Rapid7 by 545.2% in the 1st quarter. Bayforest Capital Ltd now owns 11,194 shares of the technology company's stock worth $297,000 after buying an additional 9,459 shares during the last quarter. Tempus Wealth Planning LLC lifted its position in shares of Rapid7 by 114.8% in the 1st quarter. Tempus Wealth Planning LLC now owns 13,531 shares of the technology company's stock worth $359,000 after buying an additional 7,233 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Rapid7 in the 1st quarter worth about $1,439,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Rapid7 in the 1st quarter worth about $858,000. 95.66% of the stock is owned by institutional investors and hedge funds.

Rapid7 Stock Performance

NASDAQ:RPD traded down $0.58 during mid-day trading on Monday, hitting $20.17. The stock had a trading volume of 429,954 shares, compared to its average volume of 1,017,238. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 49.20 and a beta of 0.96. The company has a 50 day simple moving average of $22.20 and a 200-day simple moving average of $24.91. Rapid7, Inc. has a 52 week low of $17.83 and a 52 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 issued its quarterly earnings data on Thursday, August 7th. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.14. The firm had revenue of $214.19 million for the quarter, compared to the consensus estimate of $212.17 million. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. Rapid7's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm 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, research analysts expect that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Insider Activity at Rapid7

In related news, Director Jana Partners Management, Lp purchased 250,000 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were bought at an average cost of $21.26 per share, for a total transaction of $5,315,000.00. Following the transaction, the director owned 6,518,604 shares of the company's stock, valued at $138,585,521.04. This represents a 3.99% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have bought 772,194 shares of company stock worth $15,135,356. 2.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RPD shares. Robert W. Baird raised their price target on shares of Rapid7 from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 13th. Wall Street Zen upgraded shares of Rapid7 from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Barclays reduced their price target on shares of Rapid7 from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 13th. Scotiabank reduced their price target on shares of Rapid7 from $29.00 to $20.00 and set a "sector perform" rating on the stock in a research report on Monday, August 11th. Finally, DA Davidson restated an "underperform" rating and issued a $21.00 price target (down from $29.00) on shares of Rapid7 in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Rapid7 has a consensus rating of "Hold" and an average target price of $26.89.

About Rapid7

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.