Mizuho Cuts Rapid7 (NASDAQ:RPD) Price Target to $16.00

Rapid7 (NASDAQ:RPD) had its target price trimmed by Mizuho from $20.00 to $16.00 in a research report released on Wednesday morning, MarketBeat Ratings reports. The firm currently has a neutral rating on the technology company’s stock.

A number of other analysts have also commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of Rapid7 from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Wednesday, November 5th. Royal Bank Of Canada reduced their price objective on shares of Rapid7 from $19.00 to $16.00 and set a “sector perform” rating for the company in a report on Monday, January 5th. Weiss Ratings reissued a “sell (d)” rating on shares of Rapid7 in a research report on Monday, December 29th. Barclays cut shares of Rapid7 from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $18.00 to $15.00 in a research report on Monday, January 5th. Finally, Zacks Research raised Rapid7 from a “hold” rating to a “strong-buy” rating in a report on Friday, January 9th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $19.79.

Rapid7 Stock Performance

Shares of RPD opened at $12.71 on Wednesday. Rapid7 has a one year low of $12.25 and a one year high of $40.25. The company has a market cap of $832.25 million, a PE ratio of 37.38 and a beta of 0.79. The stock has a 50-day moving average of $14.76 and a 200-day moving average of $18.00. 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 (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 analysts’ consensus estimates of $0.45 by $0.12. Rapid7 had a return on equity of 67.30% and a net margin of 2.61%.The business had revenue of $217.96 million for the quarter, compared to the consensus estimate of $216.14 million. During the same period in the prior year, the business earned $0.66 EPS. 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 and its Q4 2025 guidance at 0.370-0.44 EPS. On average, equities research analysts predict that Rapid7 will post 0.35 EPS for the current fiscal year.

Insider Activity at Rapid7

In other Rapid7 news, Director Thomas E. Schodorf purchased 6,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were 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 of the company’s stock, valued at $540,708. The trade was a 22.39% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Corey E. Thomas acquired 14,500 shares of the business’s stock in a transaction on Monday, November 24th. The stock was acquired at an average cost of $13.82 per share, for a total transaction of $200,390.00. Following the transaction, the chief executive officer owned 595,066 shares of the company’s stock, valued at approximately $8,223,812.12. The trade was a 2.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 67,345 shares of company stock valued at $1,025,202 in the last ninety days. Insiders own 2.40% of the company’s stock.

Institutional Trading of Rapid7

Large investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC bought a new stake in Rapid7 in the fourth quarter worth about $40,000. CI Investments Inc. increased its stake in shares of Rapid7 by 48.4% during the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock worth $43,000 after purchasing an additional 744 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in shares of Rapid7 in the 3rd quarter worth approximately $44,000. Headlands Technologies LLC bought a new stake in shares of Rapid7 in the 2nd quarter worth approximately $44,000. Finally, State of Alaska Department of Revenue purchased a new position in Rapid7 in the third quarter valued at approximately $53,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

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.