SG Americas Securities LLC Boosts Stock Position in Rapid7, Inc. $RPD

SG Americas Securities LLC raised its holdings in Rapid7, Inc. (NASDAQ:RPD) by 32.4% in the first quarter, Holdings Channel reports. The firm owned 817,649 shares of the technology company’s stock after purchasing an additional 200,033 shares during the period. SG Americas Securities LLC’s holdings in Rapid7 were worth $4,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in RPD. Vanguard Group Inc. raised its stake in shares of Rapid7 by 7.6% during the 4th quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock worth $140,961,000 after purchasing an additional 653,498 shares during the period. JANA Partners Management LP grew its position in 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 buying an additional 772,194 shares during the period. First Trust Advisors LP increased its holdings in Rapid7 by 48.3% during the fourth quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock worth $35,356,000 after buying an additional 758,009 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Rapid7 by 1.6% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock worth $40,716,000 after buying an additional 34,438 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Rapid7 by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 1,462,653 shares of the technology company’s stock worth $22,236,000 after acquiring an additional 78,448 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

Rapid7 Price Performance

NASDAQ RPD opened at $7.82 on Tuesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.69. The company has a market cap of $522.61 million, a PE ratio of 22.34 and a beta of 1.03. Rapid7, Inc. has a 52 week low of $4.97 and a 52 week high of $25.85. The firm’s 50-day simple moving average is $6.88 and its two-hundred day simple moving average is $8.84.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. Rapid7 had a net margin of 2.61% and a return on equity of 34.35%. The firm had revenue of $209.69 million during the quarter, compared to the consensus estimate of $207.94 million. During the same quarter last year, the company earned $0.49 earnings per share. The company’s revenue was down .3% on a year-over-year basis. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. Research analysts predict that Rapid7, Inc. will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on RPD shares. Scotiabank dropped their target price on shares of Rapid7 from $9.00 to $7.00 and set a “sector perform” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen cut shares of Rapid7 from a “buy” rating to a “hold” rating in a report on Tuesday, April 14th. William Blair downgraded Rapid7 from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Morgan Stanley upgraded Rapid7 from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Mizuho reduced their price objective on Rapid7 from $12.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. One equities research analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $8.71.

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.