Rapid7 (NASDAQ:RPD) Trading Up 6.2% – Here’s Why

Rapid7, Inc. (NASDAQ:RPD)’s share price traded up 6.2% on Tuesday . The stock traded as high as $11.08 and last traded at $11.1550. 1,275,189 shares changed hands during trading, a decline of 37% from the average daily volume of 2,019,492 shares. The stock had previously closed at $10.50.

Wall Street Analyst Weigh In

RPD has been the subject of several recent analyst reports. Wall Street Zen cut Rapid7 from a “buy” rating to a “hold” rating in a research note on Tuesday, April 14th. William Blair cut shares of Rapid7 from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Canaccord Genuity Group reduced their price objective on shares of Rapid7 from $10.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. DA Davidson raised their target price on shares of Rapid7 from $5.25 to $6.50 and gave the company an “underperform” rating in a research note on Tuesday, June 2nd. Finally, Mizuho cut their target price on Rapid7 from $12.00 to $8.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. One analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $8.71.

Rapid7 Stock Up 10.4%

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 stock has a market capitalization of $774.43 million, a P/E ratio of 33.10 and a beta of 1.01. The stock’s fifty day moving average is $7.20 and its two-hundred day moving average is $8.60.

Rapid7 (NASDAQ:RPD) last announced 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 company had revenue of $209.69 million during the quarter, compared to the consensus estimate of $207.94 million. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The company’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 EPS. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. As a group, research analysts predict that Rapid7, Inc. will post 0.63 earnings per share for the current fiscal year.

Institutional Trading of Rapid7

Institutional investors and hedge funds have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Rapid7 by 114.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company’s stock valued at $49,409,000 after buying an additional 1,142,148 shares in the last quarter. JANA Partners Management LP raised its holdings in shares of Rapid7 by 13.5% during the third 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. First Trust Advisors LP lifted its position in shares of Rapid7 by 48.3% in the 4th quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock valued at $35,356,000 after acquiring an additional 758,009 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Rapid7 by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock valued at $140,961,000 after acquiring an additional 653,498 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in Rapid7 by 60.9% in the 3rd quarter. Marshall Wace LLP now owns 1,139,273 shares of the technology company’s stock worth $21,361,000 after purchasing an additional 431,195 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

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.