First Trust Advisors LP Buys 67,801 Shares of Rapid7, Inc. $RPD

First Trust Advisors LP grew its stake in Rapid7, Inc. (NASDAQ:RPD) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,543,770 shares of the technology company’s stock after acquiring an additional 67,801 shares during the quarter. First Trust Advisors LP owned 2.40% of Rapid7 worth $35,707,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of RPD. 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 purchasing an additional 851,108 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Rapid7 by 112.4% in the first 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 buying an additional 1,209,856 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Rapid7 by 1.7% in the second quarter. Geode Capital Management LLC now owns 1,538,756 shares of the technology company’s stock worth $35,596,000 after buying an additional 25,546 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Rapid7 by 103.0% during the second quarter. Legal & General Group Plc now owns 1,187,803 shares of the technology company’s stock valued at $27,474,000 after buying an additional 602,684 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Rapid7 by 8.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 994,290 shares of the technology company’s stock valued at $26,367,000 after acquiring an additional 74,856 shares in the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

Rapid7 Trading Up 0.6%

NASDAQ:RPD opened at $16.19 on Wednesday. Rapid7, Inc. has a one year low of $13.21 and a one year high of $42.44. The business has a fifty day moving average price of $16.67 and a 200-day moving average price of $19.98. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 47.62 and a beta of 0.84. The company has a debt-to-equity ratio of 7.01, a current ratio of 1.19 and a quick ratio of 1.19.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.12. The business had revenue of $217.96 million during the quarter, compared to analyst estimates of $216.14 million. Rapid7 had a return on equity of 67.30% and a net margin of 2.61%.Rapid7’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS and its Q4 2025 guidance at 0.370-0.44 EPS. Sell-side analysts forecast that Rapid7, Inc. will post 0.35 EPS for the current year.

Insider Activity at Rapid7

In other news, Director Mike Burns purchased 2,000 shares of the stock in a transaction on Thursday, November 20th. The shares were acquired at an average price of $13.80 per share, with a total value of $27,600.00. Following the completion of the acquisition, the director directly owned 5,000 shares of the company’s stock, valued at $69,000. This trade represents a 66.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas E. Schodorf purchased 6,300 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was purchased at an average price of $15.70 per share, with a total value of $98,910.00. Following the completion of the transaction, the director owned 34,440 shares of the company’s stock, valued at approximately $540,708. This trade represents a 22.39% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 67,345 shares of company stock worth $1,025,202 in the last quarter. 2.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

RPD has been the topic of several recent analyst reports. Barclays cut their target price on Rapid7 from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. Citigroup dropped their price objective on Rapid7 from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, August 18th. Piper Sandler decreased their target price on Rapid7 from $30.00 to $19.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. UBS Group lowered their target price on shares of Rapid7 from $34.00 to $29.00 and set a “buy” rating on the stock in a research note on Tuesday, October 21st. Finally, Susquehanna set a $15.00 price target on shares of Rapid7 in a research note on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $22.42.

Rapid7 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.