Public Employees Retirement System of Ohio Makes New Investment in Rapid7, Inc. $RPD

Public Employees Retirement System of Ohio acquired a new stake in Rapid7, Inc. (NASDAQ:RPD) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 48,493 shares of the technology company’s stock, valued at approximately $393,000.

Several other large investors have also recently made changes to their positions in RPD. Parallel Advisors LLC raised its stake in shares of Rapid7 by 108.8% during the 1st quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company’s stock worth $35,000 after purchasing an additional 3,304 shares during the period. Allworth Financial LP purchased a new position in shares of Rapid7 in the 2nd quarter worth about $42,000. Headlands Technologies LLC bought a new position in Rapid7 during the second quarter valued at about $44,000. GAMMA Investing LLC grew its position in Rapid7 by 20.6% during the second quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company’s stock valued at $48,000 after buying an additional 1,000 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Rapid7 during the fourth quarter worth about $71,000. 95.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RPD has been the topic of several research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rapid7 in a research report on Wednesday, June 24th. DA Davidson increased their target price on shares of Rapid7 from $5.25 to $9.00 and gave the company an “underperform” rating in a research report on Tuesday, August 11th. Citigroup restated a “neutral” rating on shares of Rapid7 in a research note on Wednesday, August 12th. Piper Sandler lifted their price target on shares of Rapid7 from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Finally, Mizuho upped their price objective on Rapid7 from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $11.98.

Rapid7 Trading Down 0.6%

Shares of Rapid7 stock opened at $10.50 on Friday. The stock has a market capitalization of $707.70 million, a P/E ratio of 33.87 and a beta of 1.01. Rapid7, Inc. has a 52-week low of $4.97 and a 52-week high of $20.95. 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’s 50-day simple moving average is $11.38 and its 200 day simple moving average is $8.27.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09. The firm had revenue of $210.88 million during the quarter, compared to analyst estimates of $208.23 million. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business earned $0.58 earnings per share. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. As a group, research analysts anticipate that Rapid7, Inc. will post 0.74 EPS for the current year.

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.