Russell Investments Group Ltd. Acquires 51,446 Shares of Rapid7, Inc. $RPD

Russell Investments Group Ltd. lifted its holdings in shares of Rapid7, Inc. (NASDAQ:RPD) by 5,996.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 52,304 shares of the technology company’s stock after acquiring an additional 51,446 shares during the period. Russell Investments Group Ltd. owned approximately 0.08% of Rapid7 worth $1,387,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nuveen LLC bought a new position in shares of Rapid7 during the 1st quarter worth about $15,510,000. Invesco Ltd. lifted its holdings in shares of Rapid7 by 35.3% during the 1st quarter. Invesco Ltd. now owns 49,368 shares of the technology company’s stock worth $1,309,000 after acquiring an additional 12,881 shares during the period. Y.D. More Investments Ltd lifted its holdings in shares of Rapid7 by 12.0% during the 1st quarter. Y.D. More Investments Ltd now owns 5,839 shares of the technology company’s stock worth $171,000 after acquiring an additional 625 shares during the period. CenterBook Partners LP lifted its holdings in shares of Rapid7 by 717.5% during the 1st quarter. CenterBook Partners LP now owns 150,125 shares of the technology company’s stock worth $3,980,000 after acquiring an additional 131,761 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of Rapid7 during the 1st quarter worth about $115,000. 95.66% of the stock is owned by institutional investors.

Insider Transactions at Rapid7

In other news, CAO Scott M. Murphy sold 1,370 shares of Rapid7 stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $20.25, for a total transaction of $27,742.50. Following the completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jana Partners Management, Lp purchased 358,738 shares of the stock in a transaction dated Monday, August 11th. The shares were acquired at an average price of $18.23 per share, with a total value of $6,539,793.74. Following the transaction, the director owned 6,105,148 shares in the company, valued at $111,296,848.04. This trade represents a 6.24% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 772,194 shares of company stock valued at $15,135,356. Insiders own 2.40% of the company’s stock.

Rapid7 Trading Up 2.6%

Shares of NASDAQ RPD opened at $20.67 on Thursday. Rapid7, Inc. has a 1-year low of $17.83 and a 1-year high of $44.48. The company has a market cap of $1.34 billion, a PE ratio of 50.42 and a beta of 0.96. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 9.84. The company has a 50-day moving average of $22.07 and a two-hundred day moving average of $24.85.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Thursday, August 7th. The technology company reported $0.58 earnings per share for the quarter, topping 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 company had revenue of $214.19 million during the quarter, compared to the consensus estimate of $212.17 million. During the same period in the previous year, the firm posted $0.58 earnings per share. The company’s revenue 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 analysts expect that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RPD shares. Susquehanna cut their price target on shares of Rapid7 from $30.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, August 11th. 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 report on Tuesday, May 13th. Stifel Nicolaus cut their price target on shares of Rapid7 from $29.00 to $22.00 and set a “hold” rating for the company in a report on Friday, August 8th. Scotiabank cut their price target on shares of Rapid7 from $29.00 to $20.00 and set a “sector perform” rating for the company in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. cut their price target on shares of Rapid7 from $28.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Rapid7 presently 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.