Rapid7 (NASDAQ:RPD) Given New $16.00 Price Target at Mizuho

Rapid7 (NASDAQ:RPD) had its price objective lowered by Mizuho from $20.00 to $16.00 in a research note released on Wednesday, Marketbeat reports. The brokerage currently has a neutral rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the company. DA Davidson dropped their price target on Rapid7 from $16.00 to $14.00 and set an “underperform” rating for the company in a research note on Wednesday, November 5th. JPMorgan Chase & Co. lowered their price objective on Rapid7 from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. Barclays lowered shares of Rapid7 from an “equal weight” rating to an “underweight” rating and cut their price target for the stock from $18.00 to $15.00 in a report on Monday, January 5th. Truist Financial set a $14.00 price objective on shares of Rapid7 in a research note on Tuesday. Finally, UBS Group cut their target price on Rapid7 from $29.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, January 13th. Two equities 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 given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.79.

Rapid7 Price Performance

RPD opened at $12.57 on Wednesday. Rapid7 has a 1 year low of $12.25 and a 1 year high of $40.25. The company has a debt-to-equity ratio of 7.01, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $823.08 million, a price-to-earnings ratio of 36.97 and a beta of 0.79. The firm’s fifty day moving average price is $14.80 and its two-hundred day moving average price is $18.11.

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, topping analysts’ consensus estimates of $0.45 by $0.12. The company had revenue of $217.96 million for the quarter, compared to the consensus estimate of $216.14 million. Rapid7 had a net margin of 2.61% and a return on equity of 67.30%. The firm’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.66 EPS. 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, analysts anticipate that Rapid7 will post 0.35 earnings per share for the current fiscal year.

Insider Activity at Rapid7

In other news, Director Marc Evan Brown bought 3,000 shares of the company’s stock in a transaction dated Tuesday, November 25th. The shares were purchased at an average price of $15.21 per share, for a total transaction of $45,630.00. Following the completion of the purchase, the director owned 51,882 shares in the company, valued at approximately $789,125.22. This represents a 6.14% increase 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 purchased 41,545 shares of the business’s stock in a transaction dated Friday, November 28th. The shares were purchased at an average price of $15.71 per share, for a total transaction of $652,671.95. Following the acquisition, the director owned 6,760,149 shares of the company’s stock, valued at approximately $106,201,940.79. The trade was a 0.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 67,345 shares of company stock worth $1,025,202 in the last ninety days. 2.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Rapid7

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RPD. Vanguard Group Inc. increased its holdings in shares of Rapid7 by 7.4% in the 3rd quarter. Vanguard Group Inc. now owns 8,620,265 shares of the technology company’s stock worth $161,630,000 after purchasing an additional 595,916 shares in the last quarter. JANA Partners Management LP boosted its position in shares of Rapid7 by 13.5% during the third quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock valued at $121,915,000 after buying an additional 772,194 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Rapid7 by 45.3% during the second quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock valued at $63,172,000 after buying an additional 851,108 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Rapid7 by 1.6% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock worth $40,716,000 after buying an additional 34,438 shares in the last quarter. Finally, First Trust Advisors LP raised its position in Rapid7 by 1.6% in the 3rd quarter. First Trust Advisors LP now owns 1,568,047 shares of the technology company’s stock worth $29,401,000 after buying an additional 24,277 shares during the last quarter. 95.66% of the stock is owned by institutional investors.

About Rapid7

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.