Rapid7 (NASDAQ:RPD) Director Jana Partners Management, Lp Purchases 41,545 Shares

Rapid7, Inc. (NASDAQ:RPD) Director Jana Partners Management, Lp bought 41,545 shares of the stock in a transaction dated Friday, November 28th. The stock was bought 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. The trade was a 0.62% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Rapid7 Price Performance

RPD opened at $16.19 on Friday. The stock’s 50 day simple moving average is $16.86 and its 200 day simple moving average is $20.17. The company has a debt-to-equity ratio of 7.01, a current ratio of 1.19 and a quick ratio of 1.19. Rapid7, Inc. has a 1 year low of $13.21 and a 1 year high of $44.03. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 47.60 and a beta of 0.84.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.12. The firm had revenue of $217.96 million during the quarter, compared to the consensus estimate of $216.14 million. Rapid7 had a return on equity of 67.30% and a net margin of 2.61%.The business’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 earnings per share. 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 predict that Rapid7, Inc. will post 0.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Jefferies Financial Group lowered shares of Rapid7 from a “buy” rating to a “hold” rating in a report on Wednesday, November 5th. Citigroup dropped their target price on shares of Rapid7 from $35.00 to $30.00 and set a “buy” rating for the company in a report on Monday, August 18th. JPMorgan Chase & Co. cut 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. Canaccord Genuity Group lowered their price target on Rapid7 from $32.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Finally, Scotiabank dropped their price objective on Rapid7 from $20.00 to $18.00 and set a “sector perform” rating for the company in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.42.

Institutional Investors Weigh In On Rapid7

Several hedge funds have recently added to or reduced their stakes in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Rapid7 by 112.4% during the first 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 valued at $60,610,000 after acquiring an additional 1,209,856 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Rapid7 by 114.9% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company’s stock worth $49,409,000 after purchasing an additional 1,142,148 shares in the last quarter. Penserra Capital Management LLC grew its position in Rapid7 by 45.3% during the 2nd 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. LSV Asset Management bought a new stake in Rapid7 during the 3rd quarter valued at about $14,719,000. Finally, JANA Partners Management LP raised its holdings in Rapid7 by 13.5% in the third quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock worth $121,915,000 after buying an additional 772,194 shares during the last quarter. 95.66% of the stock is owned by institutional investors.

About Rapid7

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.