Rapid7 (NASDAQ:RPD) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Rapid7 (NASDAQ:RPD) from a hold rating to a buy rating in a research report report published on Saturday.

Other analysts have also recently issued research reports about the stock. Piper Sandler cut their price objective on shares of Rapid7 from $30.00 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Zacks Research lowered shares of Rapid7 from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. JPMorgan Chase & Co. reduced their price objective on Rapid7 from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, November 5th. DA Davidson decreased their price objective on Rapid7 from $16.00 to $14.00 and set an “underperform” rating for the company in a report on Wednesday, November 5th. Finally, Barclays lowered their target price on Rapid7 from $21.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.16.

Rapid7 Stock Down 6.1%

NASDAQ:RPD opened at $14.27 on Friday. The firm has a market capitalization of $934.40 million, a PE ratio of 41.97 and a beta of 0.79. Rapid7 has a 52 week low of $13.21 and a 52 week high of $40.54. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 7.01. The stock has a 50 day moving average of $15.56 and a 200-day moving average of $19.02.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share 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 return on equity of 67.30% and a net margin of 2.61%.The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the company earned $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. Analysts predict that Rapid7 will post 0.35 EPS for the current year.

Insider Buying and Selling at Rapid7

In other news, Director Jana Partners Management, Lp bought 41,545 shares of the company’s stock in a transaction that occurred on Friday, November 28th. The shares were purchased at an average price of $15.71 per share, with a total value of $652,671.95. Following the completion of the acquisition, the director directly owned 6,760,149 shares in the company, valued at approximately $106,201,940.79. This trade represents a 0.62% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Corey E. Thomas bought 14,500 shares of the business’s stock in a transaction on Monday, November 24th. The stock was purchased at an average price of $13.82 per share, with a total value of $200,390.00. Following the completion of the transaction, the chief executive officer directly owned 595,066 shares of the company’s stock, valued at $8,223,812.12. This trade represents a 2.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have acquired 67,345 shares of company stock valued at $1,025,202. 2.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Rapid7 by 112.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,286,300 shares of the technology company’s stock worth $60,610,000 after acquiring an additional 1,209,856 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Rapid7 by 114.9% in the 2nd 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 raised its holdings in shares of Rapid7 by 45.3% in the 2nd quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock worth $63,172,000 after purchasing an additional 851,108 shares in the last quarter. LSV Asset Management acquired a new stake in Rapid7 during the third quarter valued at approximately $14,719,000. Finally, JANA Partners Management LP boosted its holdings in Rapid7 by 13.5% during the third quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock worth $121,915,000 after buying an additional 772,194 shares in the last quarter. Institutional investors own 95.66% of the company’s stock.

About Rapid7

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.