Rapid7 (NASDAQ:RPD) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Rapid7 (NASDAQ:RPD) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

Several other analysts also recently issued reports on RPD. Piper Sandler reduced their price target on Rapid7 from $16.00 to $10.00 and set a “neutral” rating for the company in a research note on Wednesday, February 11th. Stephens reduced their price target on Rapid7 from $19.00 to $12.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 11th. Truist Financial reduced their price target on Rapid7 from $14.00 to $8.00 and set a “hold” rating for the company in a research note on Wednesday, February 11th. Morgan Stanley set a $10.00 price target on Rapid7 in a research note on Thursday, February 12th. Finally, Citigroup reduced their price target on Rapid7 from $15.00 to $11.50 and set a “neutral” rating for the company in a research note on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $12.32.

Rapid7 Stock Performance

Shares of NASDAQ RPD opened at $5.35 on Tuesday. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 5.77. Rapid7 has a 12 month low of $4.97 and a 12 month high of $27.10. The stock has a 50 day moving average of $6.68 and a 200-day moving average of $12.48. The company has a market capitalization of $352.51 million, a P/E ratio of 14.86 and a beta of 0.90.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The company had revenue of $217.39 million during the quarter, compared to the consensus estimate of $215.17 million. Rapid7 had a return on equity of 47.33% and a net margin of 2.72%.The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.48 EPS. Rapid7 has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.290-0.320 EPS. As a group, equities research analysts predict that Rapid7 will post 0.35 EPS for the current year.

Institutional Trading of Rapid7

Institutional investors have recently modified their holdings of the stock. JANA Partners Management LP lifted its position in shares of Rapid7 by 13.5% during the 3rd quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock valued at $121,915,000 after acquiring an additional 772,194 shares during the period. LSV Asset Management bought a new stake in shares of Rapid7 during the 3rd quarter valued at $14,719,000. Assenagon Asset Management S.A. lifted its position in shares of Rapid7 by 366.2% during the 3rd quarter. Assenagon Asset Management S.A. now owns 144,707 shares of the technology company’s stock valued at $2,713,000 after acquiring an additional 113,664 shares during the period. Vanguard Group Inc. lifted its position in shares of Rapid7 by 7.4% during the 3rd quarter. Vanguard Group Inc. now owns 8,620,265 shares of the technology company’s stock valued at $161,630,000 after acquiring an additional 595,916 shares during the period. Finally, Campbell & CO Investment Adviser LLC lifted its position in shares of Rapid7 by 407.7% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 69,883 shares of the technology company’s stock valued at $1,310,000 after acquiring an additional 56,119 shares during the period. 95.66% of the stock is currently owned by institutional investors.

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.