Rapid7, Inc. $RPD Shares Sold by Royal Bank of Canada

Royal Bank of Canada cut its stake in Rapid7, Inc. (NASDAQ:RPD) by 92.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,291 shares of the technology company’s stock after selling 2,823,771 shares during the period. Royal Bank of Canada’s holdings in Rapid7 were worth $1,330,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC acquired a new stake in Rapid7 in the first quarter worth approximately $424,000. Woodline Partners LP increased its position 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. increased its position 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. Invesco Ltd. raised its stake in shares of Rapid7 by 27.2% in the 2nd quarter. Invesco Ltd. now owns 62,786 shares of the technology company’s stock worth $1,452,000 after buying an additional 13,418 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its stake in shares of Rapid7 by 37.0% in the 2nd quarter. Qube Research & Technologies Ltd now owns 535,121 shares of the technology company’s stock worth $12,377,000 after buying an additional 144,627 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Price Performance

Shares of NASDAQ:RPD opened at $11.85 on Friday. The company has a market capitalization of $798.69 million, a PE ratio of 38.23 and a beta of 0.97. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a fifty day moving average of $10.06 and a 200-day moving average of $7.96. Rapid7, Inc. has a one year low of $4.97 and a one year high of $21.27.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09. The business had revenue of $210.88 million for the quarter, compared to analysts’ expectations of $208.23 million. Rapid7 had a return on equity of 27.89% and a net margin of 2.35%.The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.58 EPS. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. As a group, equities analysts anticipate that Rapid7, Inc. will post 0.65 EPS for the current fiscal year.

Analyst Ratings Changes

RPD has been the subject of several research analyst reports. Jefferies Financial Group restated a “hold” rating and issued a $12.00 price objective on shares of Rapid7 in a report on Tuesday, August 11th. Canaccord Genuity Group boosted their price target on shares of Rapid7 from $7.00 to $14.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. Raymond James Financial reissued an “outperform” rating and issued a $15.00 price target on shares of Rapid7 in a report on Tuesday, August 11th. Susquehanna raised their price objective on shares of Rapid7 from $7.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Finally, Royal Bank Of Canada raised their price objective on shares of Rapid7 from $11.00 to $12.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, Rapid7 presently has a consensus rating of “Reduce” and a consensus price target of $11.98.

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.