Rapid7 (NASDAQ:RPD) Stock Price Up 9.1% – Here’s Why

Rapid7, Inc. (NASDAQ:RPD)’s stock price was up 9.1% during mid-day trading on Wednesday . The stock traded as high as $8.65 and last traded at $8.8350. 122,080 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 1,980,313 shares. The stock had previously closed at $8.10.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on RPD shares. Robert W. Baird set a $8.00 target price on Rapid7 in a research report on Wednesday, May 6th. Raymond James Financial set a $8.00 price target on Rapid7 in a research note on Wednesday, May 6th. DA Davidson lifted their price objective on Rapid7 from $5.25 to $6.50 and gave the company an “underperform” rating in a report on Tuesday, June 2nd. Stifel Nicolaus lowered their price objective on shares of Rapid7 from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. Finally, Piper Sandler cut their target price on shares of Rapid7 from $10.00 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Rapid7 currently has a consensus rating of “Reduce” and a consensus price target of $8.71.

Rapid7 Price Performance

The firm has a 50-day simple moving average of $6.93 and a 200-day simple moving average of $8.78. The firm has a market cap of $599.80 million, a P/E ratio of 25.62 and a beta of 1.03. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.69.

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

Institutional Trading of Rapid7

A number of institutional investors have recently modified their holdings of RPD. Pacer Advisors Inc. raised its stake in shares of Rapid7 by 24.3% during the 1st quarter. Pacer Advisors Inc. now owns 469,912 shares of the technology company’s stock worth $2,589,000 after acquiring an additional 91,905 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Rapid7 by 108.8% in the first quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company’s stock worth $35,000 after acquiring an additional 3,304 shares in the last quarter. Bank of America Corp DE raised its position in shares of Rapid7 by 13.3% in the 1st quarter. Bank of America Corp DE now owns 534,565 shares of the technology company’s stock valued at $2,945,000 after purchasing an additional 62,957 shares during the last quarter. Quantinno Capital Management LP boosted its stake in Rapid7 by 776.1% in the 1st quarter. Quantinno Capital Management LP now owns 260,359 shares of the technology company’s stock worth $1,435,000 after purchasing an additional 230,641 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Rapid7 by 535.0% in the 1st quarter. Renaissance Technologies LLC now owns 149,196 shares of the technology company’s stock worth $822,000 after purchasing an additional 125,700 shares in the last quarter. 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.