Insider Buying: Rapid7 (NASDAQ:RPD) Director Acquires 41,545 Shares of Stock

Rapid7, Inc. (NASDAQ:RPD) Director Jana Partners Management, Lp purchased 41,545 shares of Rapid7 stock in a transaction on Friday, November 28th. The stock was bought at an average cost of $15.71 per share, for a total transaction of $652,671.95. Following the transaction, the director directly owned 6,760,149 shares in the company, valued at $106,201,940.79. This represents a 0.62% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Rapid7 Stock Up 0.4%

Shares of NASDAQ:RPD traded up $0.06 on Thursday, hitting $16.12. 1,129,108 shares of the company’s stock were exchanged, compared to its average volume of 923,213. Rapid7, Inc. has a 1-year low of $13.21 and a 1-year high of $44.22. The company has a market capitalization of $1.06 billion, a PE ratio of 47.41 and a beta of 0.84. The company has a debt-to-equity ratio of 7.01, a quick ratio of 1.19 and a current ratio of 1.19. The firm’s 50-day moving average is $16.92 and its 200 day moving average is $20.20.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.45 by $0.12. The firm had revenue of $217.96 million for the quarter, compared to analyst estimates of $216.14 million. Rapid7 had a net margin of 2.61% and a return on equity of 67.30%. Rapid7’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period last year, the business earned $0.66 EPS. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS and its Q4 2025 guidance at 0.370-0.44 EPS. Sell-side analysts predict that Rapid7, Inc. will post 0.35 EPS for the current year.

Hedge Funds Weigh In On Rapid7

Institutional investors have recently modified their holdings of the company. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Rapid7 during the first quarter worth approximately $38,000. CI Investments Inc. lifted its stake in shares of Rapid7 by 48.4% during the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock worth $43,000 after purchasing an additional 744 shares during the period. Abich Financial Wealth Management LLC acquired a new stake in shares of Rapid7 during the third quarter worth $44,000. Headlands Technologies LLC purchased a new stake in shares of Rapid7 in the second quarter valued at $44,000. Finally, State of Alaska Department of Revenue acquired a new position in Rapid7 in the third quarter valued at $53,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. DA Davidson dropped their price target on shares of Rapid7 from $16.00 to $14.00 and set an “underperform” rating on the stock in a research note on Wednesday, November 5th. Wall Street Zen cut Rapid7 from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Rapid7 in a research note on Monday. Truist Financial decreased their price target on Rapid7 from $22.00 to $18.00 and set a “hold” rating on the stock in a research note on Wednesday, November 5th. Finally, Jefferies Financial Group lowered Rapid7 from a “buy” rating to a “hold” rating in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Rapid7 has an average rating of “Hold” and an average price target of $22.42.

About Rapid7

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.