Bayforest Capital Ltd Has $291,000 Position in Rapid7, Inc. $RPD

Bayforest Capital Ltd grew its stake in Rapid7, Inc. (NASDAQ:RPD) by 12.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,576 shares of the technology company’s stock after purchasing an additional 1,382 shares during the period. Bayforest Capital Ltd’s holdings in Rapid7 were worth $291,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Rapid7 by 112.4% in the 1st 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 valued at $60,610,000 after buying an additional 1,209,856 shares during the last quarter. Penserra Capital Management LLC raised its holdings in Rapid7 by 95.8% in the 1st quarter. Penserra Capital Management LLC now owns 1,880,084 shares of the technology company’s stock valued at $49,841,000 after buying an additional 919,955 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Rapid7 by 756,734.3% in the 1st quarter. Jones Financial Companies Lllp now owns 749,266 shares of the technology company’s stock valued at $19,863,000 after buying an additional 749,167 shares during the last quarter. Nuveen LLC bought a new position in Rapid7 in the 1st quarter valued at approximately $15,510,000. Finally, Jacobs Levy Equity Management Inc. bought a new position in Rapid7 in the 1st quarter valued at approximately $11,811,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RPD shares. Raymond James Financial dropped their price objective on shares of Rapid7 from $40.00 to $30.00 and set an “outperform” rating for the company in a report on Friday, August 8th. Morgan Stanley dropped their price objective on shares of Rapid7 from $28.00 to $22.00 and set an “equal weight” rating for the company in a report on Tuesday, September 2nd. Canaccord Genuity Group lowered their price target on shares of Rapid7 from $39.00 to $32.00 and set a “hold” rating for the company in a report on Monday, August 11th. Susquehanna lowered their price target on shares of Rapid7 from $30.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Rapid7 from a “hold” rating to a “buy” rating in a report on Sunday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $26.56.

Rapid7 Stock Down 0.6%

Rapid7 stock opened at $18.37 on Thursday. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.36 and a current ratio of 1.36. Rapid7, Inc. has a 52-week low of $17.75 and a 52-week high of $44.48. The firm has a 50 day moving average price of $19.76 and a two-hundred day moving average price of $22.17. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 44.81 and a beta of 0.92.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Thursday, August 7th. The technology company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.14. The company had revenue of $214.19 million during the quarter, compared to analyst estimates of $212.17 million. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. Rapid7’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.58 EPS. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. Equities analysts predict that Rapid7, Inc. will post 0.35 EPS for the current year.

Insider Buying and Selling at Rapid7

In related news, Director Jana Partners Management, Lp acquired 250,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was bought at an average price of $21.26 per share, for a total transaction of $5,315,000.00. Following the purchase, the director directly owned 6,518,604 shares of the company’s stock, valued at $138,585,521.04. The trade was a 3.99% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Scott M. Murphy sold 1,370 shares of Rapid7 stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $20.25, for a total transaction of $27,742.50. Following the completion of the sale, the chief accounting officer owned 27,592 shares of the company’s stock, valued at $558,738. This represents a 4.73% decrease in their position. The disclosure for this sale can be found here. Insiders bought a total of 772,194 shares of company stock valued at $15,135,356 in the last quarter. 2.40% of the stock is currently owned by company insiders.

Rapid7 Company Profile

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.