Rapid7's (RPD) Underperform Rating Reaffirmed at DA Davidson

Rapid7 (NASDAQ:RPD - Get Free Report)'s stock had its "underperform" rating reiterated by analysts at DA Davidson in a research note issued on Tuesday, MarketBeat Ratings reports. They currently have a $21.00 price target on the technology company's stock, down from their prior price target of $29.00. DA Davidson's price target indicates a potential downside of 11.47% from the stock's current price. DA Davidson also issued estimates for Rapid7's Q2 2025 earnings at $0.08 EPS, FY2025 earnings at $0.41 EPS and FY2026 earnings at $0.36 EPS.

RPD has been the topic of a number of other reports. Stephens began coverage on shares of Rapid7 in a research note on Tuesday, April 1st. They issued an "equal weight" rating and a $33.00 price objective on the stock. Scotiabank cut their target price on shares of Rapid7 from $42.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 13th. Truist Financial cut their target price on shares of Rapid7 from $38.00 to $35.00 and set a "hold" rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group cut their target price on shares of Rapid7 from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Needham & Company LLC reissued a "hold" rating on shares of Rapid7 in a research note on Thursday, February 13th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Rapid7 has a consensus rating of "Hold" and a consensus target price of $33.32.

Rapid7 Stock Performance

Shares of NASDAQ:RPD traded up $0.17 during trading on Tuesday, reaching $23.72. The stock had a trading volume of 831,416 shares, compared to its average volume of 854,511. The firm's fifty day moving average is $25.24 and its 200 day moving average is $33.84. Rapid7 has a 52 week low of $21.61 and a 52 week high of $44.48. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 60.82 and a beta of 1.06.

Rapid7 (NASDAQ:RPD - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The technology company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.37 by $0.12. Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. The company had revenue of $210.25 million for the quarter, compared to analyst estimates of $208.25 million. During the same period in the prior year, the firm posted $0.55 EPS. The company's quarterly revenue was up 2.5% on a year-over-year basis. On average, research analysts forecast that Rapid7 will post 0.35 earnings per share for the current fiscal year.

Insider Activity at Rapid7

In related news, insider Christina Luconi sold 12,551 shares of the firm's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $23.12, for a total transaction of $290,179.12. Following the transaction, the insider now directly owns 58,165 shares of the company's stock, valued at $1,344,774.80. This trade represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RPD. Woodline Partners LP raised its position in Rapid7 by 48.0% in the first quarter. Woodline Partners LP now owns 86,712 shares of the technology company's stock worth $2,299,000 after acquiring an additional 28,115 shares during the period. Jones Financial Companies Lllp raised its position in Rapid7 by 756,734.3% in the first quarter. Jones Financial Companies Lllp now owns 749,266 shares of the technology company's stock worth $19,863,000 after acquiring an additional 749,167 shares during the period. Petrus Trust Company LTA raised its position in Rapid7 by 150.6% in the first quarter. Petrus Trust Company LTA now owns 18,197 shares of the technology company's stock worth $482,000 after acquiring an additional 10,937 shares during the period. Needham Investment Management LLC raised its position in Rapid7 by 6.7% in the first quarter. Needham Investment Management LLC now owns 80,000 shares of the technology company's stock worth $2,121,000 after acquiring an additional 5,000 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Rapid7 by 8.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 994,290 shares of the technology company's stock worth $26,367,000 after acquiring an additional 74,856 shares during the period. 95.66% of the stock is owned by institutional investors.

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.