Picton Mahoney Asset Management Has $1.54 Million Holdings in Rapid7, Inc. $RPD

Picton Mahoney Asset Management raised its holdings in shares of Rapid7, Inc. (NASDAQ:RPD) by 920.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,903 shares of the technology company’s stock after acquiring an additional 73,879 shares during the quarter. Picton Mahoney Asset Management’s holdings in Rapid7 were worth $1,535,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Rapid7 by 114.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company’s stock worth $49,409,000 after purchasing an additional 1,142,148 shares in the last quarter. Penserra Capital Management LLC increased its stake in Rapid7 by 45.3% in the 2nd quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock valued at $63,172,000 after buying an additional 851,108 shares during the period. LSV Asset Management purchased a new stake in Rapid7 in the 3rd quarter worth approximately $14,719,000. Legal & General Group Plc lifted its position in Rapid7 by 103.0% in the 2nd quarter. Legal & General Group Plc now owns 1,187,803 shares of the technology company’s stock worth $27,474,000 after buying an additional 602,684 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Rapid7 by 7.4% during the 3rd quarter. Vanguard Group Inc. now owns 8,620,265 shares of the technology company’s stock valued at $161,630,000 after buying an additional 595,916 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Price Performance

Shares of Rapid7 stock opened at $7.04 on Friday. The firm has a fifty day simple moving average of $10.90 and a 200-day simple moving average of $15.36. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 5.77. Rapid7, Inc. has a 1-year low of $5.92 and a 1-year high of $30.95. The stock has a market capitalization of $463.87 million, a price-to-earnings ratio of 19.56 and a beta of 0.88.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, February 10th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $217.39 million for the quarter, compared to analyst estimates of $215.17 million. Rapid7 had a net margin of 2.72% and a return on equity of 47.33%. Rapid7’s revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $0.48 EPS. Rapid7 has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.290-0.320 EPS. On average, sell-side analysts expect that Rapid7, Inc. will post 0.35 earnings per share for the current year.

Analysts Set New Price Targets

RPD has been the topic of a number of research reports. Morgan Stanley set a $10.00 price target on shares of Rapid7 in a research note on Thursday, February 12th. Stephens lowered their target price on Rapid7 from $19.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 11th. Barclays dropped their target price on Rapid7 from $15.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, February 12th. Susquehanna set a $8.00 price target on Rapid7 in a research note on Thursday, February 12th. Finally, Berenberg Bank assumed coverage on Rapid7 in a report on Tuesday, November 18th. They set a “hold” rating and a $16.00 price target for the company. Two analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $12.53.

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.