Man Group plc Buys Shares of 420,916 Rapid7, Inc. $RPD

Man Group plc acquired a new stake in shares of Rapid7, Inc. (NASDAQ:RPD) in the second quarter, Holdings Channel reports. The firm acquired 420,916 shares of the technology company’s stock, valued at approximately $3,409,000.

A number of other large investors have also added to or reduced their stakes in the stock. Jupiter Topco LLC purchased a new position in Rapid7 in the second quarter worth about $290,000. Hsbc Holdings PLC bought a new position in shares of Rapid7 in the second quarter worth approximately $969,000. Canada Pension Plan Investment Board bought a new position in shares of Rapid7 in the second quarter worth approximately $184,000. Legal & General Group Plc purchased a new stake in shares of Rapid7 during the second quarter valued at approximately $442,000. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Rapid7 during the second quarter valued at approximately $152,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Canaccord Genuity Group boosted their price target on Rapid7 from $7.00 to $14.00 and gave the stock a “hold” rating in a research note on Tuesday, August 11th. Piper Sandler increased their price objective on Rapid7 from $8.00 to $12.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Scotiabank lifted their price objective on Rapid7 from $7.00 to $10.15 and gave the stock a “sector perform” rating in a report on Tuesday, August 11th. UBS Group boosted their target price on Rapid7 from $7.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Rapid7 from $7.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, Rapid7 currently has an average rating of “Reduce” and an average price target of $11.98.

Rapid7 Trading Up 1.3%

NASDAQ:RPD opened at $13.46 on Tuesday. Rapid7, Inc. has a one year low of $4.97 and a one year high of $21.26. The business has a fifty day moving average price of $10.87 and a 200-day moving average price of $8.05. The firm has a market capitalization of $907.20 million, a price-to-earnings ratio of 43.42 and a beta of 0.97. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.80 and a quick ratio of 0.80.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.09. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. The business had revenue of $210.88 million for the quarter, compared to the consensus estimate of $208.23 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. Sell-side analysts forecast that Rapid7, Inc. will post 0.74 EPS for the current year.

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.