Rapid7, Inc. $RPD Shares Sold by CenterBook Partners LP

CenterBook Partners LP trimmed its position in Rapid7, Inc. (NASDAQ:RPD) by 89.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,784 shares of the technology company’s stock after selling 227,845 shares during the period. CenterBook Partners LP’s holdings in Rapid7 were worth $483,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RPD. Acadian Asset Management LLC lifted its holdings in Rapid7 by 136.7% in the 2nd quarter. Acadian Asset Management LLC now owns 169,955 shares of the technology company’s stock valued at $3,924,000 after acquiring an additional 98,161 shares during the last quarter. LSV Asset Management acquired a new stake in Rapid7 during the third quarter valued at approximately $14,719,000. Penserra Capital Management LLC lifted its stake in 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 purchasing an additional 851,108 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Rapid7 by 366.2% during the third quarter. Assenagon Asset Management S.A. now owns 144,707 shares of the technology company’s stock worth $2,713,000 after buying an additional 113,664 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Rapid7 by 4.6% in the second quarter. First Trust Advisors LP now owns 1,543,770 shares of the technology company’s stock worth $35,707,000 after buying an additional 67,801 shares during the last quarter. 95.66% of the stock is owned by institutional investors.

Analyst Ratings Changes

RPD has been the subject of several research reports. Mizuho reduced their price objective on Rapid7 from $16.00 to $12.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Scotiabank cut their price objective on Rapid7 from $18.00 to $9.00 and set a “sector perform” rating on the stock in a report on Wednesday, February 11th. Truist Financial reduced their price objective on shares of Rapid7 from $14.00 to $8.00 and set a “hold” rating for the company in a research note on Wednesday, February 11th. Barclays reduced their price target on shares of Rapid7 from $15.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, February 12th. Finally, Stephens lowered their price objective 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. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $12.53.

Insider Transactions at Rapid7

In other news, CEO Corey E. Thomas purchased 14,500 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was bought at an average cost of $13.82 per share, with a total value of $200,390.00. Following the purchase, the chief executive officer directly owned 595,066 shares of the company’s stock, valued at approximately $8,223,812.12. This trade represents a 2.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jana Partners Management, Lp purchased 41,545 shares of the stock in a transaction that occurred on Friday, November 28th. The stock was purchased at an average cost of $15.71 per share, with a total value of $652,671.95. Following the purchase, the director owned 6,760,149 shares in the company, valued at $106,201,940.79. This represents a 0.62% increase in their position. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 65,345 shares of company stock valued at $997,602. 2.40% of the stock is currently owned by company insiders.

Rapid7 Stock Down 7.3%

Rapid7 stock opened at $6.57 on Friday. Rapid7, Inc. has a twelve month low of $6.56 and a twelve month high of $33.24. The company has a debt-to-equity ratio of 7.01, a quick ratio of 1.19 and a current ratio of 1.19. The firm has a market cap of $430.20 million, a PE ratio of 18.25 and a beta of 0.79. The firm’s 50 day moving average price is $12.54 and its two-hundred day moving average price is $16.18.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.44 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 55.81%. The business had revenue of $217.39 million for the quarter, compared to analysts’ expectations of $215.17 million. During the same period in the previous year, the company posted $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. On average, research analysts predict that Rapid7, Inc. will post 0.35 EPS for the current fiscal year.

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.