Rapid7, Inc. (NASDAQ:RPD - Get Free Report)'s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $19.94 and traded as low as $17.75. Rapid7 shares last traded at $18.44, with a volume of 1,117,036 shares traded.
Wall Street Analyst Weigh In
A number of research firms have issued reports on RPD. UBS Group cut their price objective on shares of Rapid7 from $39.00 to $34.00 and set a "buy" rating on the stock in a report on Friday, August 8th. Morgan Stanley reduced their price objective on shares of Rapid7 from $28.00 to $22.00 and set an "equal weight" rating for the company in a research report on Tuesday, September 2nd. Jefferies Financial Group set a $27.00 price objective on shares of Rapid7 and gave the company a "buy" rating in a research note on Friday, August 8th. Royal Bank Of Canada cut their target price on Rapid7 from $27.00 to $23.00 and set a "sector perform" rating on the stock in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. dropped their price target on Rapid7 from $28.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $26.56.
View Our Latest Research Report on Rapid7
Rapid7 Stock Performance
The company has a market capitalization of $1.19 billion, a PE ratio of 44.98 and a beta of 0.92. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.36 and a quick ratio of 1.36. The company has a 50 day moving average of $19.94 and a two-hundred day moving average of $22.52.
Rapid7 (NASDAQ:RPD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.14. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%.The company had revenue of $214.19 million during the quarter, compared to analyst estimates of $212.17 million. During the same quarter last year, the company earned $0.58 EPS. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. 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, equities research analysts predict that Rapid7, Inc. will post 0.35 earnings per share for the current year.
Insider Activity
In related news, Director Jana Partners Management, Lp acquired 250,000 shares of the firm's stock in a transaction on Wednesday, August 13th. The shares were acquired at an average cost of $21.26 per share, for a total transaction of $5,315,000.00. Following the completion of the transaction, the director directly owned 6,518,604 shares in the company, valued at approximately $138,585,521.04. This trade represents a 3.99% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott M. Murphy sold 1,370 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $20.25, for a total value of $27,742.50. Following the sale, the chief accounting officer owned 27,592 shares in the company, valued at $558,738. The trade was a 4.73% decrease in their position. The disclosure for this sale can be found here. Insiders have bought a total of 772,194 shares of company stock valued at $15,135,356 in the last ninety days. Insiders own 2.40% of the company's stock.
Institutional Trading of Rapid7
A number of large investors have recently made changes to their positions in RPD. Penserra Capital Management LLC raised its stake in shares of Rapid7 by 45.3% during the second quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company's stock valued at $63,172,000 after acquiring an additional 851,108 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Rapid7 by 112.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,286,300 shares of the technology company's stock valued at $60,610,000 after acquiring an additional 1,209,856 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Rapid7 by 114.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company's stock valued at $49,409,000 after buying an additional 1,142,148 shares during the last quarter. First Trust Advisors LP boosted its stake in Rapid7 by 4.6% in the 2nd quarter. First Trust Advisors LP now owns 1,543,770 shares of the technology company's stock worth $35,707,000 after purchasing an additional 67,801 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Rapid7 by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,538,756 shares of the technology company's stock valued at $35,596,000 after purchasing an additional 25,546 shares in the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.
About Rapid7
(
Get Free Report)
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.
Further Reading
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