Rapid7 (NASDAQ:RPD) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen downgraded shares of Rapid7 (NASDAQ:RPD) from a buy rating to a hold rating in a research note issued to investors on Sunday.

A number of other equities research analysts also recently issued reports on the stock. UBS Group cut their price objective on shares of Rapid7 from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday, October 21st. Jefferies Financial Group set a $18.00 target price on Rapid7 in a research report on Tuesday, December 16th. Royal Bank Of Canada cut their price target on Rapid7 from $19.00 to $16.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. Zacks Research downgraded Rapid7 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, Canaccord Genuity Group lowered their price objective on Rapid7 from $32.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, thirteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rapid7 has a consensus rating of “Hold” and an average target price of $21.47.

Rapid7 Trading Down 1.0%

Rapid7 stock opened at $14.09 on Friday. The business has a 50-day simple moving average of $15.13 and a two-hundred day simple moving average of $18.67. The company has a market cap of $922.63 million, a P/E ratio of 41.44 and a beta of 0.79. Rapid7 has a 52-week low of $13.21 and a 52-week high of $40.42. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 7.01.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data 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. The firm had revenue of $217.96 million for the quarter, compared to analysts’ expectations of $216.14 million. Rapid7 had a net margin of 2.61% and a return on equity of 67.30%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 EPS. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS and its Q4 2025 guidance at 0.370-0.44 EPS. Analysts predict that Rapid7 will post 0.35 EPS for the current year.

Insider Activity

In other Rapid7 news, CEO Corey E. Thomas bought 14,500 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average price of $13.82 per share, with a total value of $200,390.00. Following the purchase, the chief executive officer owned 595,066 shares of the company’s stock, valued at $8,223,812.12. This trade represents a 2.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Thomas E. Schodorf purchased 6,300 shares of the stock in a transaction that occurred on Wednesday, November 26th. The stock was acquired at an average cost of $15.70 per share, for a total transaction of $98,910.00. Following the completion of the acquisition, the director owned 34,440 shares in the company, valued at $540,708. This represents a 22.39% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 67,345 shares of company stock valued at $1,025,202 in the last three months. 2.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rapid7

Several institutional investors have recently bought and sold shares of RPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of 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 valued at $60,610,000 after acquiring an additional 1,209,856 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in 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 purchasing an additional 1,142,148 shares during the period. Penserra Capital Management LLC raised its position 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 period. LSV Asset Management bought a new stake in shares of Rapid7 in the 3rd quarter valued at approximately $14,719,000. Finally, JANA Partners Management LP boosted its holdings in shares of Rapid7 by 13.5% in the 3rd quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock worth $121,915,000 after purchasing an additional 772,194 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

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.