Rapid7 (NASDAQ:RPD) Sets New 52-Week Low – What’s Next?

Shares of Rapid7, Inc. (NASDAQ:RPD) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $13.01 and last traded at $12.87, with a volume of 187345 shares. The stock had previously closed at $13.30.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RPD. Wall Street Zen downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a research note on Sunday, January 11th. Jefferies Financial Group set a $18.00 target price on Rapid7 in a research report on Tuesday, December 16th. Berenberg Bank started coverage on Rapid7 in a report on Tuesday, November 18th. They set a “hold” rating and a $16.00 price target for the company. DA Davidson dropped their price objective on Rapid7 from $16.00 to $14.00 and set an “underperform” rating on the stock in a report on Wednesday, November 5th. Finally, Citigroup lowered shares of Rapid7 from a “buy” rating to a “neutral” rating and cut their price objective for the company from $25.00 to $15.00 in a research report on Monday, January 12th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.47.

Rapid7 Price Performance

The firm has a market cap of $827.68 million, a P/E ratio of 37.18 and a beta of 0.79. The stock’s 50-day moving average is $14.89 and its 200-day moving average is $18.36. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 7.01.

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

Insider Activity at Rapid7

In other Rapid7 news, CEO Corey E. Thomas bought 14,500 shares of the firm’s stock in a transaction dated Monday, November 24th. The shares were acquired at an average cost of $13.82 per share, for a total transaction of $200,390.00. Following the transaction, the chief executive officer owned 595,066 shares in the company, valued at approximately $8,223,812.12. The trade was a 2.50% 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 Jana Partners Management, Lp bought 41,545 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was acquired at an average cost of $15.71 per share, for a total transaction of $652,671.95. Following the purchase, the director owned 6,760,149 shares of the company’s stock, valued at $106,201,940.79. This trade represents a 0.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 67,345 shares of company stock worth $1,025,202 in the last three months. Company insiders own 2.40% of the company’s stock.

Institutional Investors Weigh In On Rapid7

A number of institutional investors have recently added to or reduced their stakes in RPD. Prudential Financial Inc. raised its holdings in shares of Rapid7 by 8.8% in the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock worth $197,000 after buying an additional 690 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Rapid7 by 6.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,427 shares of the technology company’s stock valued at $221,000 after acquiring an additional 732 shares during the period. CI Investments Inc. grew its position in Rapid7 by 48.4% in the third quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock valued at $43,000 after acquiring an additional 744 shares during the period. Nordea Investment Management AB raised its stake in Rapid7 by 1.0% during the second quarter. Nordea Investment Management AB now owns 78,294 shares of the technology company’s stock worth $1,808,000 after acquiring an additional 753 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Rapid7 by 1.6% during the second quarter. Teacher Retirement System of Texas now owns 54,981 shares of the technology company’s stock worth $1,272,000 after acquiring an additional 890 shares in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Rapid7 Company Profile

Rapid7, Inc is a publicly traded cybersecurity company headquartered in Boston, Massachusetts. Since its founding in 2000, the company has specialized in delivering cloud-based security data and analytics solutions designed to help organizations detect, investigate, and remediate cyber threats. Rapid7 operates under the NASDAQ symbol “RPD” and serves a broad range of industries, including technology, financial services, healthcare, retail, and the public sector.

The core of Rapid7’s offering is its Insight platform, a unified, cloud-native security operations and analytics suite.