Rapid7 (NASDAQ:RPD) Stock Passes Above 50-Day Moving Average – Should You Sell?

Rapid7, Inc. (NASDAQ:RPD)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.47 and traded as high as $7.29. Rapid7 shares last traded at $7.21, with a volume of 1,273,495 shares.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Morgan Stanley upgraded Rapid7 from an “outperform” rating to a “neutral” rating in a research report on Tuesday, June 2nd. Truist Financial dropped their price target on Rapid7 from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Canaccord Genuity Group dropped their price target on Rapid7 from $10.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. Weiss Ratings restated a “sell (d)” rating on shares of Rapid7 in a research report on Friday, March 27th. Finally, Stifel Nicolaus dropped their price target on Rapid7 from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $8.71.

Rapid7 Trading Up 0.1%

The company has a debt-to-equity ratio of 1.69, a current ratio of 0.78 and a quick ratio of 0.78. The firm has a market cap of $477.17 million, a PE ratio of 20.40 and a beta of 1.03. The business has a 50-day moving average price of $6.54 and a two-hundred day moving average price of $9.55.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $209.69 million for the quarter, compared to analyst estimates of $207.94 million. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 earnings per share. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. Analysts forecast that Rapid7, Inc. will post 0.63 EPS for the current year.

Institutional Trading of Rapid7

Large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 buying an additional 1,142,148 shares during the last quarter. LSV Asset Management acquired a new stake in Rapid7 in the 3rd quarter worth about $14,719,000. JANA Partners Management LP boosted its stake in Rapid7 by 13.5% in the 3rd 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 during the last quarter. First Trust Advisors LP boosted its stake in Rapid7 by 48.3% in the 4th quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock worth $35,356,000 after buying an additional 758,009 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Rapid7 by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock worth $140,961,000 after buying an additional 653,498 shares during the last quarter. Institutional investors and hedge funds own 95.66% 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.