Short Interest in Rapid7, Inc. (NASDAQ:RPD) Increases By 21.8%

Rapid7, Inc. (NASDAQ:RPD) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 5,385,598 shares, an increase of 21.8% from the January 29th total of 4,422,045 shares. Based on an average daily volume of 2,307,334 shares, the short-interest ratio is presently 2.3 days. Currently, 8.4% of the company’s stock are sold short. Currently, 8.4% of the company’s stock are sold short. Based on an average daily volume of 2,307,334 shares, the short-interest ratio is presently 2.3 days.

Rapid7 Stock Up 5.3%

RPD stock opened at $6.59 on Wednesday. The stock has a market cap of $434.22 million, a P/E ratio of 18.31 and a beta of 0.88. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 5.77. The stock’s fifty day simple moving average is $11.24 and its two-hundred day simple moving average is $15.48. Rapid7 has a 1-year low of $5.92 and a 1-year high of $30.95.

Rapid7 (NASDAQ:RPD) last released its earnings results on Tuesday, February 10th. The technology company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $217.39 million for the quarter, compared to analysts’ expectations of $215.17 million. Rapid7 had a return on equity of 47.33% and a net margin of 2.72%.The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. Rapid7 has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.290-0.320 EPS. Analysts expect that Rapid7 will post 0.35 EPS for the current year.

Hedge Funds Weigh In On Rapid7

Several institutional investors have recently bought and sold shares of RPD. Prudential Financial Inc. increased its position in Rapid7 by 8.8% in the second quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock worth $197,000 after buying an additional 690 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in Rapid7 by 6.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,427 shares of the technology company’s stock worth $221,000 after acquiring an additional 732 shares during the last quarter. CI Investments Inc. raised its stake in Rapid7 by 48.4% in the 3rd 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. Teacher Retirement System of Texas lifted its holdings 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 valued at $1,272,000 after purchasing an additional 890 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its position in Rapid7 by 10.8% during the third quarter. Y.D. More Investments Ltd now owns 9,625 shares of the technology company’s stock worth $187,000 after purchasing an additional 939 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Barclays lowered their price objective on shares of Rapid7 from $15.00 to $8.00 and set an “underweight” rating on the stock in a report on Thursday, February 12th. Royal Bank Of Canada decreased their price objective on Rapid7 from $16.00 to $12.00 and set a “sector perform” rating for the company in a report on Wednesday, February 11th. Weiss Ratings restated a “sell (d)” rating on shares of Rapid7 in a report on Monday, December 29th. Wall Street Zen downgraded Rapid7 from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Finally, Citigroup dropped their price objective on Rapid7 from $15.00 to $11.50 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. Two analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $12.53.

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.