Rapid7, Inc. $RPD Shares Sold 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 holdings in Rapid7, Inc. (NASDAQ:RPD - Free Report) by 5.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 approximately 12.66% of Rapid7 worth $215,593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. New York State Teachers Retirement System purchased a new position in Rapid7 in the 1st quarter worth approximately $29,000. Versant Capital Management Inc boosted its stake in Rapid7 by 5,311.1% during the first 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 Rapid7 in the 1st quarter valued at $74,000. Ostrum Asset Management grew its holdings in Rapid7 by 45.3% in the 4th quarter. Ostrum Asset Management now owns 2,478 shares of the technology company's stock valued at $100,000 after buying an additional 772 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in shares of Rapid7 in the 1st quarter worth $115,000. Hedge funds and other institutional investors own 95.66% of the company's stock.

Rapid7 Trading Up 3.1%

NASDAQ:RPD traded up $0.63 on Friday, reaching $20.75. 799,436 shares of the company's stock were exchanged, compared to its average volume of 998,913. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 50.61 and a beta of 0.96. Rapid7, Inc. has a 52-week low of $17.83 and a 52-week high of $44.48. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 9.84. The business has a fifty day moving average of $22.26 and a 200-day moving average of $25.13.

Rapid7 (NASDAQ:RPD - Get Free Report) last posted 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 net margin of 3.41% and a return on equity of 149.12%. The business's revenue for the quarter was up 3.0% compared to the same quarter last year. 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, analysts expect that Rapid7, Inc. will post 0.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

RPD has been the topic of a number of analyst reports. Mizuho reduced their target price on shares of Rapid7 from $27.00 to $25.00 and set a "neutral" rating on the stock in a research note on Friday, August 8th. Robert W. Baird lifted their price target on shares of Rapid7 from $26.00 to $28.00 and gave the company a "neutral" rating in a research report on Tuesday, May 13th. Susquehanna decreased their price objective on Rapid7 from $30.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, August 11th. Stifel Nicolaus cut their target price on Rapid7 from $29.00 to $22.00 and set a "hold" rating for the company in a research note on Friday, August 8th. Finally, Scotiabank decreased their price target on Rapid7 from $29.00 to $20.00 and set a "sector perform" rating on the stock in a research note on Monday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $26.89.

Insider Buying and Selling

In other Rapid7 news, Director Jana Partners Management, Lp purchased 358,738 shares of the company's stock in a transaction on Monday, August 11th. The stock was acquired at an average price 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 approximately $111,296,848.04. The trade was a 6.24% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 772,194 shares of company stock valued at $15,135,356. Company insiders own 2.40% of the company's stock.

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.