Y Intercept Hong Kong Ltd Decreases Stake in Rapid7, Inc. $RPD

Y Intercept Hong Kong Ltd cut its holdings in shares of Rapid7, Inc. (NASDAQ:RPD) by 29.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 130,803 shares of the technology company’s stock after selling 55,484 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Rapid7 were worth $2,453,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RPD. Headlands Technologies LLC acquired a new stake in Rapid7 during the second quarter valued at approximately $44,000. State of Alaska Department of Revenue acquired a new position in shares of Rapid7 during the third quarter worth approximately $53,000. Cetera Trust Company N.A raised its stake in shares of Rapid7 by 34.6% during the second quarter. Cetera Trust Company N.A now owns 4,730 shares of the technology company’s stock valued at $109,000 after purchasing an additional 1,215 shares in the last quarter. New York State Teachers Retirement System lifted its stake in shares of 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 worth $109,000 after acquiring an additional 4,715 shares during the period. Finally, CWM LLC grew its holdings in Rapid7 by 323.6% during the third quarter. CWM LLC now owns 6,549 shares of the technology company’s stock worth $123,000 after acquiring an additional 5,003 shares during the period. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Rapid7 Stock Performance

Shares of RPD stock traded up $0.17 during mid-day trading on Wednesday, reaching $12.77. The stock had a trading volume of 29,637 shares, compared to its average volume of 962,243. Rapid7, Inc. has a one year low of $12.25 and a one year high of $39.62. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 7.01. The firm’s 50 day simple moving average is $14.73 and its 200 day simple moving average is $17.75. The firm has a market cap of $836.05 million, a PE ratio of 37.56 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 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 analysts’ expectations of $216.14 million. Rapid7 had a net margin of 2.61% and a return on equity of 67.30%. The company’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, analysts forecast that Rapid7, Inc. will post 0.35 EPS for the current year.

Insider Buying and Selling at Rapid7

In other Rapid7 news, Director Thomas E. Schodorf acquired 6,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average price of $15.70 per share, with a total value of $98,910.00. Following the purchase, the director owned 34,440 shares of the company’s stock, valued at $540,708. This represents a 22.39% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Marc Evan Brown bought 3,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was acquired at an average cost of $15.21 per share, with a total value of $45,630.00. Following the completion of the purchase, the director owned 51,882 shares of the company’s stock, valued at approximately $789,125.22. This trade represents a 6.14% increase in their position. The SEC filing for this purchase provides additional information. Insiders have purchased 67,345 shares of company stock worth $1,025,202 over the last ninety days. 2.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Piper Sandler lowered their price objective on shares of Rapid7 from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, January 5th. Susquehanna set a $15.00 price target on Rapid7 in a report on Thursday, November 6th. Canaccord Genuity Group dropped their price target on Rapid7 from $32.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Citigroup lowered shares of Rapid7 from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $15.00 in a research report on Monday, January 12th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Rapid7 from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Rapid7 currently has an average rating of “Hold” and an average target price of $19.79.

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.