IQ EQ FUND MANAGEMENT IRELAND Ltd Acquires 103,358 Shares of Rapid7, Inc. $RPD

IQ EQ FUND MANAGEMENT IRELAND Ltd raised its holdings in Rapid7, Inc. (NASDAQ:RPD) by 82.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 228,092 shares of the technology company’s stock after acquiring an additional 103,358 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Rapid7 were worth $5,276,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of RPD. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of 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 acquiring an additional 1,209,856 shares in the last quarter. Penserra Capital Management LLC increased its stake in Rapid7 by 95.8% in the first quarter. Penserra Capital Management LLC now owns 1,880,084 shares of the technology company’s stock valued at $49,841,000 after purchasing an additional 919,955 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Rapid7 by 756,734.3% during the first quarter. Jones Financial Companies Lllp now owns 749,266 shares of the technology company’s stock valued at $19,863,000 after purchasing an additional 749,167 shares during the period. Nuveen LLC bought a new position in shares of Rapid7 during the 1st quarter worth about $15,510,000. Finally, Jacobs Levy Equity Management Inc. acquired a new stake in shares of Rapid7 in the 1st quarter valued at about $11,811,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insider Activity

In other news, Director Jana Partners Management, Lp bought 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 completion of the acquisition, the director directly owned 6,518,604 shares in the company, valued at approximately $138,585,521.04. This trade represents a 3.99% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Scott M. Murphy sold 1,370 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $20.25, for a total transaction of $27,742.50. Following the transaction, the chief accounting officer owned 27,592 shares in the company, valued at approximately $558,738. This trade represents a 4.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders bought 772,194 shares of company stock valued at $15,135,356. 2.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

RPD has been the topic of a number of research reports. Jefferies Financial Group set a $27.00 price target on Rapid7 and gave the stock a “buy” rating in a research note on Friday, August 8th. Canaccord Genuity Group decreased their price objective on Rapid7 from $39.00 to $32.00 and set a “hold” rating for the company in a report on Monday, August 11th. Raymond James Financial lowered their target price on Rapid7 from $40.00 to $30.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Zacks Research upgraded Rapid7 from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 14th. Finally, Susquehanna reduced their price target on shares of Rapid7 from $30.00 to $18.00 and set a “neutral” rating for the company in a research report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Rapid7 currently has a consensus rating of “Hold” and a consensus target price of $26.28.

Rapid7 Stock Down 1.8%

RPD stock opened at $18.84 on Tuesday. The firm has a market capitalization of $1.22 billion, a PE ratio of 45.95 and a beta of 0.92. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 9.84. Rapid7, Inc. has a twelve month low of $17.75 and a twelve month high of $44.48. The stock’s 50 day moving average is $19.53 and its 200-day moving average is $21.79.

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

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.