Rapid7, Inc. $RPD Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC decreased its stake in shares of Rapid7, Inc. (NASDAQ:RPD) by 46.5% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,244 shares of the technology company’s stock after selling 8,043 shares during the quarter. Cresset Asset Management LLC’s holdings in Rapid7 were worth $245,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its holdings in Rapid7 by 5.4% in the 4th quarter. Invesco Ltd. now owns 36,487 shares of the technology company’s stock valued at $1,468,000 after purchasing an additional 1,860 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Rapid7 in the fourth quarter valued at approximately $4,099,000. MetLife Investment Management LLC grew its position in Rapid7 by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 37,787 shares of the technology company’s stock worth $1,520,000 after acquiring an additional 2,066 shares during the period. Stifel Financial Corp increased its stake in Rapid7 by 257.3% during the fourth quarter. Stifel Financial Corp now owns 90,132 shares of the technology company’s stock worth $3,626,000 after acquiring an additional 64,903 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in Rapid7 during the fourth quarter worth $4,405,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Rapid7 Stock Down 0.1%

Shares of NASDAQ:RPD opened at $20.14 on Wednesday. The firm has a market capitalization of $1.30 billion, a PE ratio of 49.12 and a beta of 0.96. Rapid7, Inc. has a 1 year low of $17.83 and a 1 year high of $44.48. 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 firm’s 50-day moving average is $22.13 and its two-hundred day moving average is $24.88.

Rapid7 (NASDAQ:RPD) last announced 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 net margin of 3.41% and a return on equity of 149.12%. The firm had revenue of $214.19 million during the quarter, compared to analysts’ expectations of $212.17 million. During the same quarter in the previous year, the business posted $0.58 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. Analysts predict that Rapid7, Inc. will post 0.35 EPS for the current year.

Wall Street Analyst Weigh In

RPD has been the topic of several recent analyst reports. Jefferies Financial Group set a $27.00 price target on Rapid7 and gave the company a “buy” rating in a research note on Friday, August 8th. DA Davidson reaffirmed an “underperform” rating and issued a $21.00 target price (down previously from $29.00) on shares of Rapid7 in a research report on Tuesday, May 13th. Wall Street Zen raised shares of Rapid7 from a “hold” rating to a “buy” rating in a research note on Sunday, August 3rd. Raymond James Financial dropped their price target on shares of Rapid7 from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Finally, Morgan Stanley upped their price objective on shares of Rapid7 from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $26.89.

Insider Buying and Selling at Rapid7

In related news, Director Jana Partners Management, Lp bought 358,738 shares of the firm’s stock in a transaction that occurred on Monday, August 11th. The stock was purchased at an average cost of $18.23 per share, for a total transaction of $6,539,793.74. Following the completion of the acquisition, the director owned 6,105,148 shares in the company, valued at approximately $111,296,848.04. This trade represents a 6.24% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Scott M. Murphy sold 1,370 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $20.25, for a total value of $27,742.50. Following the transaction, the chief accounting officer directly owned 27,592 shares of the company’s stock, valued at $558,738. The trade was a 4.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 772,194 shares of company stock valued at $15,135,356. Insiders own 2.40% of the company’s stock.

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.