Hsbc Holdings PLC Invests $969,000 in Rapid7, Inc. $RPD

Hsbc Holdings PLC purchased a new stake in Rapid7, Inc. (NASDAQ:RPD) in the second quarter, according to its most recent filing with the SEC. The fund purchased 120,946 shares of the technology company’s stock, valued at approximately $969,000.

Several other large investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Rapid7 by 114.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company’s stock valued at $49,409,000 after purchasing an additional 1,142,148 shares during the last quarter. First Trust Advisors LP grew its position in shares of Rapid7 by 48.3% during the 4th quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock valued at $35,356,000 after buying an additional 758,009 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Rapid7 by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock valued at $140,961,000 after buying an additional 653,498 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Rapid7 during the second quarter worth about $3,844,000. Finally, Marshall Wace LLP lifted its holdings in Rapid7 by 60.9% in the third quarter. Marshall Wace LLP now owns 1,139,273 shares of the technology company’s stock worth $21,361,000 after acquiring an additional 431,195 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Truist Financial increased their price target on Rapid7 from $6.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $12.00 target price on shares of Rapid7 in a research report on Tuesday, August 11th. JPMorgan Chase & Co. boosted their price target on shares of Rapid7 from $7.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Scotiabank increased their price objective on shares of Rapid7 from $7.00 to $10.15 and gave the stock a “sector perform” rating in a report on Tuesday, August 11th. Finally, Barclays raised their price target on shares of Rapid7 from $6.50 to $12.00 and gave the company an “underweight” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $11.98.

Rapid7 Trading Down 10.8%

NASDAQ:RPD opened at $12.01 on Wednesday. The stock has a market cap of $809.49 million, a price-to-earnings ratio of 38.74 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. Rapid7, Inc. has a 1 year low of $4.97 and a 1 year high of $20.95. The business has a fifty day moving average of $10.98 and a 200-day moving average of $8.08.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Monday, August 10th. The technology company reported $0.44 earnings per share for the quarter, beating 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 net margin of 2.35% and a return on equity of 27.89%. The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.58 earnings per share. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. Equities analysts predict that Rapid7, Inc. will post 0.74 earnings per share for the current year.

Rapid7 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.