Rapid7 (NASDAQ:RPD) Now Covered by Berenberg Bank

Berenberg Bank initiated coverage on shares of Rapid7 (NASDAQ:RPD) in a research report released on Tuesday, MarketBeat Ratings reports. The firm issued a hold rating and a $16.00 price target on the technology company’s stock.

A number of other research firms also recently weighed in on RPD. Wall Street Zen downgraded Rapid7 from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th. Citigroup decreased their target price on shares of Rapid7 from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Barclays dropped their price target on shares of Rapid7 from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. DA Davidson decreased their price objective on shares of Rapid7 from $16.00 to $14.00 and set an “underperform” rating for the company in a research report on Wednesday, November 5th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Rapid7 in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.42.

Rapid7 Stock Performance

Shares of RPD opened at $13.47 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 9.84. Rapid7 has a 12 month low of $13.21 and a 12 month high of $44.48. The firm has a fifty day simple moving average of $17.99 and a 200 day simple moving average of $20.91. The stock has a market capitalization of $882.03 million, a price-to-earnings ratio of 32.85 and a beta of 0.94.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The company had revenue of $217.96 million during the quarter, compared to the consensus estimate of $216.14 million. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. The company’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.66 EPS. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS. Q4 2025 guidance at 0.370-0.44 EPS. Research analysts forecast that Rapid7 will post 0.35 EPS for the current fiscal year.

Insider Buying and Selling at Rapid7

In related news, CAO Scott M. Murphy sold 1,370 shares of Rapid7 stock in a transaction that occurred 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 completion of the sale, the chief accounting officer directly owned 27,592 shares of the company’s stock, valued at approximately $558,738. This trade represents a 4.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Rapid7

Hedge funds and other institutional investors have recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Rapid7 in the first quarter valued at about $38,000. Headlands Technologies LLC bought a new stake in Rapid7 in the 2nd quarter valued at about $44,000. CI Investments Inc. grew its position in shares of Rapid7 by 48.4% during the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock worth $43,000 after purchasing an additional 744 shares in the last quarter. Abich Financial Wealth Management LLC bought a new position in shares of Rapid7 during the third quarter worth approximately $44,000. Finally, State of Alaska Department of Revenue bought a new position in shares of Rapid7 during the third quarter worth approximately $53,000. Institutional investors and hedge funds own 95.66% 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.