Rapid7 (NASDAQ:RPD) Price Target Cut to $22.00 by Analysts at Morgan Stanley

Rapid7 (NASDAQ:RPD) had its target price trimmed by Morgan Stanley from $28.00 to $22.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the technology company’s stock.

RPD has been the subject of a number of other reports. UBS Group cut their price objective on Rapid7 from $39.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 8th. Canaccord Genuity Group dropped their target price on Rapid7 from $39.00 to $32.00 and set a “hold” rating for the company in a report on Monday, August 11th. Susquehanna dropped their target price on Rapid7 from $30.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, August 11th. Stifel Nicolaus dropped their target price on Rapid7 from $29.00 to $22.00 and set a “hold” rating for the company in a report on Friday, August 8th. Finally, Jefferies Financial Group set a $27.00 target price on Rapid7 and gave the company a “buy” rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.56.

Rapid7 Price Performance

RPD opened at $20.17 on Tuesday. The stock has a 50-day moving average price of $21.85 and a 200-day moving average price of $24.32. Rapid7 has a 12-month low of $17.83 and a 12-month high of $44.48. 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 stock has a market capitalization of $1.31 billion, a P/E ratio of 49.20 and a beta of 0.94.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Thursday, August 7th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $214.19 million during the quarter, compared to analysts’ expectations of $212.17 million. During the same period in the prior year, the business earned $0.58 EPS. The company’s revenue for the quarter 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. Equities analysts predict that Rapid7 will post 0.35 earnings per share for the current fiscal year.

Insider Activity at Rapid7

In other news, Director Jana Partners Management, Lp bought 358,738 shares of the firm’s stock in a transaction dated Monday, August 11th. The stock was purchased 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 of the company’s stock, valued at approximately $111,296,848.04. The trade was a 6.24% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Scott M. Murphy sold 1,370 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer directly owned 27,592 shares of the company’s stock, valued at $558,738. This represents a 4.73% decrease in their position. The disclosure for this sale can be found here. Insiders bought a total of 772,194 shares of company stock valued at $15,135,356 in the last three months. Corporate insiders own 2.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Penserra Capital Management LLC raised its position in shares of Rapid7 by 45.3% in the 2nd quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock worth $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 raised its position in shares of Rapid7 by 112.4% in the 1st 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 worth $60,610,000 after acquiring an additional 1,209,856 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Rapid7 by 114.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company’s stock worth $49,409,000 after acquiring an additional 1,142,148 shares in the last quarter. First Trust Advisors LP increased its position in Rapid7 by 4.6% during the 2nd quarter. First Trust Advisors LP now owns 1,543,770 shares of the technology company’s stock valued at $35,707,000 after buying an additional 67,801 shares in the last quarter. Finally, Geode Capital Management LLC increased its position 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 buying an additional 25,546 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

Rapid7 Company 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.