Rapid7 (NASDAQ:RPD) Stock Price Down 9.1% – Here’s What Happened

Rapid7, Inc. (NASDAQ:RPD)’s stock price traded down 9.1% on Wednesday . The stock traded as low as $7.61 and last traded at $7.66. 796,697 shares were traded during trading, a decline of 60% from the average session volume of 1,985,118 shares. The stock had previously closed at $8.43.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price objective on Rapid7 from $11.00 to $7.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Wall Street Zen cut Rapid7 from a “buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Robert W. Baird set a $8.00 price objective on Rapid7 in a research note on Wednesday, May 6th. Royal Bank Of Canada dropped their price objective on Rapid7 from $16.00 to $12.00 and set a “sector perform” rating on the stock in a research note on Wednesday, February 11th. Finally, UBS Group restated a “neutral” rating and set a $9.00 price objective on shares of Rapid7 in a research note on Wednesday, February 11th. One analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $8.71.

Rapid7 Stock Up 1.7%

The stock has a fifty day moving average of $6.33 and a 200 day moving average of $9.79. The firm has a market capitalization of $520.61 million, a P/E ratio of 22.26 and a beta of 1.03. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.78 and a quick ratio of 0.78.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $209.69 million for the quarter, compared to analyst estimates of $207.94 million. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.Rapid7’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the company posted $0.49 earnings per share. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. On average, research analysts anticipate that Rapid7, Inc. will post 0.63 EPS for the current fiscal year.

Institutional Trading of Rapid7

Several hedge funds have recently made changes to their positions in RPD. Royal Bank of Canada raised its stake in shares of Rapid7 by 26.8% in the first quarter. Royal Bank of Canada now owns 326,910 shares of the technology company’s stock valued at $8,667,000 after buying an additional 69,122 shares during the period. AQR Capital Management LLC bought a new stake in shares of Rapid7 during the 1st quarter valued at $424,000. Woodline Partners LP raised its stake in shares of Rapid7 by 48.0% during the 1st quarter. Woodline Partners LP now owns 86,712 shares of the technology company’s stock valued at $2,299,000 after purchasing an additional 28,115 shares during the period. Prudential Financial Inc. raised its stake in shares of Rapid7 by 8.8% during the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock valued at $197,000 after purchasing an additional 690 shares during the period. Finally, Invesco Ltd. raised its stake in shares of Rapid7 by 27.2% during the 2nd quarter. Invesco Ltd. now owns 62,786 shares of the technology company’s stock valued at $1,452,000 after purchasing an additional 13,418 shares during the period. 95.66% of the stock is currently owned by 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.