Rapid7 (NASDAQ:RPD) Trading Down 3.4% – Here’s Why

Rapid7, Inc. (NASDAQ:RPD) shares fell 3.4% during trading on Friday . The company traded as low as $11.35 and last traded at $11.45. 116,892 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 2,148,893 shares. The stock had previously closed at $11.85.

Wall Street Analyst Weigh In

RPD has been the subject of a number of research analyst reports. Scotiabank upped their price target on Rapid7 from $7.00 to $10.15 and gave the company a “sector perform” rating in a report on Tuesday, August 11th. Stifel Nicolaus upped their target price on shares of Rapid7 from $7.00 to $13.00 and gave the company a “hold” rating in a report on Tuesday, August 11th. William Blair lowered shares of Rapid7 from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Morgan Stanley cut shares of Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 price target for the company. in a research report on Tuesday, July 21st. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Rapid7 in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, Rapid7 presently has an average rating of “Reduce” and an average price target of $11.98.

Rapid7 Price Performance

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 company has a market capitalization of $800.04 million, a PE ratio of 38.29 and a beta of 0.97. The company’s 50-day simple moving average is $10.06 and its 200-day simple moving average is $7.96.

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

Institutional Trading of Rapid7

A number of hedge funds have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its holdings in shares of Rapid7 by 8.8% during the second quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock valued at $197,000 after acquiring an additional 690 shares during the period. GAMMA Investing LLC lifted its position in Rapid7 by 20.6% in the second quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company’s stock worth $48,000 after purchasing an additional 1,000 shares during the period. Versant Capital Management Inc lifted its holdings in Rapid7 by 13.4% in the 2nd quarter. Versant Capital Management Inc now owns 10,469 shares of the technology company’s stock valued at $85,000 after acquiring an additional 1,238 shares during the last quarter. Parallel Advisors LLC boosted its holdings in Rapid7 by 81.6% during the fourth quarter. Parallel Advisors LLC now owns 3,036 shares of the technology company’s stock worth $46,000 after buying an additional 1,364 shares in the last quarter. Finally, KBC Group NV boosted its stake in shares of Rapid7 by 124.0% during the 4th quarter. KBC Group NV now owns 3,310 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,832 shares in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

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.