UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Buys 1,209,856 Shares of Rapid7, Inc. $RPD

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Rapid7, Inc. (NASDAQ:RPD) by 112.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,286,300 shares of the technology company’s stock after buying an additional 1,209,856 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned about 3.56% of Rapid7 worth $60,610,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in RPD. Focus Partners Wealth bought a new stake in shares of Rapid7 in the 4th quarter valued at about $592,000. Nuveen Asset Management LLC grew its stake in Rapid7 by 158.0% during the fourth quarter. Nuveen Asset Management LLC now owns 428,423 shares of the technology company’s stock worth $17,235,000 after purchasing an additional 262,382 shares during the period. ProShare Advisors LLC increased its holdings in Rapid7 by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 17,434 shares of the technology company’s stock worth $701,000 after purchasing an additional 5,736 shares in the last quarter. Two Sigma Investments LP lifted its stake in Rapid7 by 48.7% in the fourth quarter. Two Sigma Investments LP now owns 142,167 shares of the technology company’s stock valued at $5,719,000 after buying an additional 46,567 shares during the period. Finally, Two Sigma Advisers LP lifted its stake in Rapid7 by 87.7% in the fourth quarter. Two Sigma Advisers LP now owns 10,700 shares of the technology company’s stock valued at $430,000 after buying an additional 5,000 shares during the period. Institutional investors own 95.66% of the company’s stock.

Rapid7 Stock Performance

NASDAQ:RPD opened at $19.56 on Monday. 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 business has a fifty day simple moving average of $21.29 and a two-hundred day simple moving average of $23.59. Rapid7, Inc. has a 1 year low of $17.83 and a 1 year high of $44.48. The company has a market capitalization of $1.27 billion, a P/E ratio of 47.71 and a beta of 0.94.

Rapid7 (NASDAQ:RPD) last released its earnings results 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. The business had revenue of $214.19 million during the quarter, compared to the consensus estimate of $212.17 million. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%.The business’s revenue for the quarter was up 3.0% on a year-over-year basis. During the same period last year, the business posted $0.58 earnings per share. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. On average, analysts expect that Rapid7, Inc. will post 0.35 earnings per share for the current year.

Insiders Place Their Bets

In related news, 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 transaction of $27,742.50. Following the sale, the chief accounting officer directly owned 27,592 shares in the company, valued at approximately $558,738. The trade was a 4.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jana Partners Management, Lp acquired 250,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were bought at an average price of $21.26 per share, for a total transaction of $5,315,000.00. Following the completion of the purchase, the director owned 6,518,604 shares in the company, valued at $138,585,521.04. This trade represents a 3.99% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 772,194 shares of company stock worth $15,135,356. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on RPD shares. Mizuho reduced their price objective on shares of Rapid7 from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Friday, August 8th. Citigroup reduced their price objective on shares of Rapid7 from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Royal Bank Of Canada reduced their price objective on shares of Rapid7 from $27.00 to $23.00 and set a “sector perform” rating for the company in a research report on Friday, August 8th. Scotiabank reduced their price objective on shares of Rapid7 from $29.00 to $20.00 and set a “sector perform” rating for the company in a research report on Monday, August 11th. Finally, Stifel Nicolaus reduced their price objective on shares of Rapid7 from $29.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $26.56.

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.