Teacher Retirement System of Texas Purchases 50,083 Shares of Rapid7, Inc. $RPD

Teacher Retirement System of Texas boosted its position in shares of Rapid7, Inc. (NASDAQ:RPD) by 91.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 105,064 shares of the technology company’s stock after purchasing an additional 50,083 shares during the period. Teacher Retirement System of Texas owned about 0.16% of Rapid7 worth $1,970,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RPD. Headlands Technologies LLC purchased a new position in shares of Rapid7 during the second quarter valued at approximately $44,000. State of Alaska Department of Revenue bought a new stake in shares of Rapid7 during the 3rd quarter worth approximately $53,000. Cetera Trust Company N.A boosted its holdings in Rapid7 by 34.6% during the 2nd quarter. Cetera Trust Company N.A now owns 4,730 shares of the technology company’s stock valued at $109,000 after acquiring an additional 1,215 shares during the period. New York State Teachers Retirement System grew its position in Rapid7 by 431.4% in the 3rd quarter. New York State Teachers Retirement System now owns 5,808 shares of the technology company’s stock valued at $109,000 after acquiring an additional 4,715 shares during the last quarter. Finally, CWM LLC grew its position in Rapid7 by 323.6% in the 3rd quarter. CWM LLC now owns 6,549 shares of the technology company’s stock valued at $123,000 after acquiring an additional 5,003 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RPD shares. Zacks Research lowered shares of Rapid7 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Scotiabank decreased their price objective on shares of Rapid7 from $20.00 to $18.00 and set a “sector perform” rating for the company in a report on Wednesday, November 5th. Jefferies Financial Group set a $18.00 price objective on shares of Rapid7 in a research report on Tuesday, December 16th. Morgan Stanley restated an “outperform” rating and issued a $18.00 target price on shares of Rapid7 in a research note on Thursday, December 18th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rapid7 in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Rapid7 has a consensus rating of “Hold” and a consensus target price of $19.79.

Rapid7 Price Performance

Shares of RPD opened at $11.92 on Friday. 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 company has a 50 day moving average price of $14.63 and a 200-day moving average price of $17.60. Rapid7, Inc. has a fifty-two week low of $11.53 and a fifty-two week high of $39.62. The stock has a market capitalization of $780.52 million, a PE ratio of 35.06 and a beta of 0.79.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.12. The company 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 was up 1.5% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS and its Q4 2025 guidance at 0.370-0.44 EPS. Equities analysts predict that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Mike Burns acquired 2,000 shares of the business’s stock in a transaction dated Thursday, November 20th. The shares were purchased at an average price of $13.80 per share, with a total value of $27,600.00. Following the transaction, the director directly owned 5,000 shares in the company, valued at approximately $69,000. This represents a 66.67% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Marc Evan Brown acquired 3,000 shares of Rapid7 stock in a transaction that occurred on Tuesday, November 25th. The shares were purchased at an average price of $15.21 per share, with a total value of $45,630.00. Following the purchase, the director owned 51,882 shares in the company, valued at $789,125.22. This represents a 6.14% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 67,345 shares of company stock valued at $1,025,202 over the last three months. Corporate insiders own 2.40% of the company’s stock.

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.