Needham Investment Management LLC Has $1.37 Million Stake in Rapid7, Inc. $RPD

Needham Investment Management LLC reduced its position in shares of Rapid7, Inc. (NASDAQ:RPD) by 43.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,000 shares of the technology company’s stock after selling 70,000 shares during the quarter. Needham Investment Management LLC owned 0.14% of Rapid7 worth $1,368,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. JANA Partners Management LP grew its holdings in shares of Rapid7 by 13.5% during the third quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock valued at $121,915,000 after buying an additional 772,194 shares in the last quarter. Vanguard Group Inc. lifted its stake in Rapid7 by 7.4% in the 3rd quarter. Vanguard Group Inc. now owns 8,620,265 shares of the technology company’s stock worth $161,630,000 after acquiring an additional 595,916 shares in the last quarter. Picton Mahoney Asset Management lifted its stake in Rapid7 by 920.7% in the 3rd quarter. Picton Mahoney Asset Management now owns 81,903 shares of the technology company’s stock worth $1,535,000 after acquiring an additional 73,879 shares in the last quarter. LSV Asset Management boosted its position in Rapid7 by 25.1% during the 4th quarter. LSV Asset Management now owns 982,397 shares of the technology company’s stock worth $14,932,000 after acquiring an additional 197,397 shares during the period. Finally, Y.D. More Investments Ltd boosted its position in Rapid7 by 10.8% during the 3rd quarter. Y.D. More Investments Ltd now owns 9,625 shares of the technology company’s stock worth $187,000 after acquiring an additional 939 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Rapid7 Trading Up 0.4%

NASDAQ:RPD opened at $7.17 on Tuesday. The company has a market capitalization of $479.17 million, a P/E ratio of 20.49 and a beta of 1.03. The stock’s 50 day moving average price is $6.58 and its 200 day moving average price is $9.46. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.78 and a current ratio of 0.78. Rapid7, Inc. has a 52 week low of $4.97 and a 52 week high of $25.85.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The firm had revenue of $209.69 million during the quarter, compared to analysts’ expectations of $207.94 million. Rapid7 had a net margin of 2.61% and a return on equity of 34.35%. The company’s revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company earned $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 forecast that Rapid7, Inc. will post 0.63 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on RPD. Weiss Ratings reiterated a “sell (d)” rating on shares of Rapid7 in a report on Friday, March 27th. Scotiabank lowered their price objective on shares of Rapid7 from $9.00 to $7.00 and set a “sector perform” rating on the stock in a research report on Wednesday, May 6th. Raymond James Financial set a $8.00 price objective on shares of Rapid7 in a research note on Wednesday, May 6th. Barclays cut their target price on shares of Rapid7 from $8.00 to $6.50 and set an “underweight” rating for the company in a research report on Thursday, May 7th. Finally, Canaccord Genuity Group decreased their target price on shares of Rapid7 from $10.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $8.71.

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.