Rapid7, Inc. (NASDAQ:RPD) Given Consensus Rating of “Hold” by Analysts

Shares of Rapid7, Inc. (NASDAQ:RPD) have earned an average recommendation of “Hold” from the twenty-two brokerages that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $19.7895.

A number of equities research analysts recently issued reports on RPD shares. Truist Financial set a $14.00 price target on Rapid7 in a research note on Tuesday, January 20th. JPMorgan Chase & Co. reduced their target price on Rapid7 from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. UBS Group lowered their target price on shares of Rapid7 from $29.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rapid7 in a research note on Monday, December 29th. Finally, Mizuho decreased their price objective on shares of Rapid7 from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, January 21st.

Rapid7 Trading Down 0.6%

Shares of RPD opened at $12.53 on Thursday. The company’s fifty day simple moving average is $14.71 and its 200-day simple moving average is $17.71. The company has a market cap of $820.46 million, a P/E ratio of 36.85 and a beta of 0.79. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 7.01. Rapid7 has a twelve month low of $12.25 and a twelve month high of $39.62.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.57 EPS for the quarter, topping 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 analysts’ expectations of $216.14 million. During the same period in the previous year, the company earned $0.66 EPS. The firm’s revenue for the quarter was up 1.5% compared to the same quarter last year. 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 expect that Rapid7 will post 0.35 EPS for the current year.

Insider Activity

In other news, Director Marc Evan Brown acquired 3,000 shares of Rapid7 stock in a transaction on Tuesday, November 25th. The shares were bought at an average cost of $15.21 per share, for a total transaction of $45,630.00. Following the acquisition, the director directly owned 51,882 shares of the company’s stock, valued at $789,125.22. This trade represents a 6.14% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mike Burns bought 2,000 shares of the firm’s stock in a transaction on Thursday, November 20th. The shares were purchased at an average cost of $13.80 per share, with a total value of $27,600.00. Following the completion of the transaction, the director owned 5,000 shares in the company, valued at $69,000. This represents a 66.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 67,345 shares of company stock valued at $1,025,202. Insiders own 2.40% of the company’s stock.

Institutional Trading of Rapid7

Institutional investors and hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in Rapid7 during the 4th quarter worth about $40,000. CI Investments Inc. raised its holdings in shares of 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 purchasing an additional 744 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Rapid7 in the 3rd quarter worth approximately $44,000. Headlands Technologies LLC bought a new position in shares of Rapid7 during the second quarter valued at approximately $44,000. Finally, KBC Group NV increased its holdings in Rapid7 by 124.0% during the fourth quarter. KBC Group NV now owns 3,310 shares of the technology company’s stock valued at $50,000 after buying an additional 1,832 shares during the period. 95.66% of the stock is currently 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.