JPMorgan Chase & Co. Decreases Stake in Rapid7, Inc. $RPD

JPMorgan Chase & Co. lessened its holdings in shares of Rapid7, Inc. (NASDAQ:RPD) by 93.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 150,450 shares of the technology company’s stock after selling 2,155,025 shares during the period. JPMorgan Chase & Co. owned 0.23% of Rapid7 worth $2,821,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RPD. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Rapid7 by 12.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,144,175 shares of the technology company’s stock worth $21,453,000 after purchasing an additional 122,217 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Rapid7 by 81.0% during the third quarter. CANADA LIFE ASSURANCE Co now owns 701,200 shares of the technology company’s stock worth $13,624,000 after buying an additional 313,717 shares in the last quarter. Woodline Partners LP lifted its position in Rapid7 by 12.7% during the third quarter. Woodline Partners LP now owns 141,601 shares of the technology company’s stock worth $2,655,000 after buying an additional 15,960 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in Rapid7 during the third quarter worth $1,034,000. Finally, Alyeska Investment Group L.P. boosted its stake in Rapid7 by 5.7% during the third quarter. Alyeska Investment Group L.P. now owns 933,348 shares of the technology company’s stock worth $17,500,000 after buying an additional 50,000 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Stock Performance

Shares of Rapid7 stock opened at $5.37 on Monday. The firm has a market cap of $353.83 million, a PE ratio of 14.92 and a beta of 0.90. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 5.77. Rapid7, Inc. has a 52 week low of $5.24 and a 52 week high of $27.10. The business’s fifty day simple moving average is $7.60 and its 200-day simple moving average is $13.19.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Rapid7 had a net margin of 2.72% and a return on equity of 47.33%. The firm had revenue of $217.39 million for the quarter, compared to analyst estimates of $215.17 million. During the same period in the previous year, the firm earned $0.48 EPS. Rapid7’s revenue was up .5% on a year-over-year basis. Rapid7 has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.290-0.320 EPS. Equities analysts forecast that Rapid7, Inc. will post 0.35 earnings per share for the current year.

Analyst Ratings Changes

RPD has been the subject of a number of recent research reports. Canaccord Genuity Group set a $10.00 target price on Rapid7 and gave the stock a “hold” rating in a research note on Wednesday, February 11th. Stephens lowered their price target on shares of Rapid7 from $19.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 11th. Needham & Company LLC reissued a “hold” rating on shares of Rapid7 in a report on Wednesday, February 11th. UBS Group restated a “neutral” rating and set a $9.00 price objective on shares of Rapid7 in a research report on Wednesday, February 11th. Finally, Piper Sandler decreased their target price on shares of Rapid7 from $16.00 to $10.00 and set a “neutral” rating on the stock in a report on Wednesday, February 11th. Two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, Rapid7 has a consensus rating of “Reduce” and an average 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.