Rapid7 (NASDAQ:RPD) Hits New 52-Week Low – Here’s Why

Rapid7, Inc. (NASDAQ:RPD) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as $13.41 and last traded at $13.47, with a volume of 628563 shares changing hands. The stock had previously closed at $14.03.

Analyst Ratings Changes

Several research analysts have recently commented on RPD shares. Piper Sandler cut their price objective on Rapid7 from $30.00 to $19.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. Canaccord Genuity Group dropped their target price on shares of Rapid7 from $32.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Susquehanna set a $15.00 price target on shares of Rapid7 in a report on Thursday, November 6th. Jefferies Financial Group downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Barclays reduced their target price on Rapid7 from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $22.42.

Rapid7 Stock Up 0.8%

The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.36 and a current ratio of 1.36. The stock’s 50 day moving average price is $17.99 and its 200-day moving average price is $20.91. The company has a market cap of $889.23 million, a PE ratio of 33.12 and a beta of 0.94.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.12. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. The business had revenue of $217.96 million during the quarter, compared to the consensus estimate of $216.14 million. During the same period in the previous year, the firm posted $0.66 earnings per share. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS. Q4 2025 guidance at 0.370-0.44 EPS. On average, analysts predict that Rapid7, Inc. will post 0.35 earnings per share for the current year.

Insiders Place Their Bets

In related news, CAO Scott M. Murphy sold 1,370 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $20.25, for a total transaction of $27,742.50. Following the transaction, the chief accounting officer directly owned 27,592 shares in the company, valued at $558,738. This trade represents a 4.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Rapid7 by 112.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,286,300 shares of the technology company’s stock worth $60,610,000 after acquiring an additional 1,209,856 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Rapid7 by 114.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company’s stock valued at $49,409,000 after acquiring an additional 1,142,148 shares during the last quarter. Penserra Capital Management LLC boosted its holdings 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 worth $63,172,000 after purchasing an additional 851,108 shares during the period. LSV Asset Management bought a new stake in shares of Rapid7 in the third quarter worth about $14,719,000. Finally, JANA Partners Management LP increased its holdings in Rapid7 by 13.5% during the 3rd quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock valued at $121,915,000 after purchasing an additional 772,194 shares during the period. Institutional investors own 95.66% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.