Rapid7 (NASDAQ:RPD) Shares Down 5.6% – Time to Sell?

Rapid7, Inc. (NASDAQ:RPD) traded down 5.6% during mid-day trading on Tuesday . The company traded as low as $12.72 and last traded at $12.7120. Approximately 128,581 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 2,122,356 shares. The stock had previously closed at $13.46.

Analyst Upgrades and Downgrades

RPD has been the topic of a number of analyst reports. Stifel Nicolaus lifted their target price on shares of Rapid7 from $7.00 to $13.00 and gave the company a “hold” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded Rapid7 from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Piper Sandler raised their price target on Rapid7 from $8.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Royal Bank Of Canada boosted their price objective on Rapid7 from $11.00 to $12.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 11th. Finally, Mizuho upped their price objective on Rapid7 from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, Rapid7 has an average rating of “Reduce” and an average target price of $11.98.

Rapid7 Stock Performance

The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.50. The firm has a market cap of $822.21 million, a PE ratio of 39.44 and a beta of 0.97. The business has a 50 day simple moving average of $10.87 and a two-hundred day simple moving average of $8.05.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.09. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. The firm had revenue of $210.88 million during the quarter, compared to analysts’ expectations of $208.23 million. During the same quarter in the prior year, the company earned $0.58 EPS. The company’s revenue was down 1.5% compared to the same quarter last year. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. As a group, equities research analysts forecast that Rapid7, Inc. will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Rapid7

Large investors have recently made changes to their positions in the business. Prudential Financial Inc. increased its position in Rapid7 by 8.8% during the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock valued at $197,000 after buying an additional 690 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Rapid7 by 20.6% in the 2nd quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company’s stock valued at $48,000 after acquiring an additional 1,000 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Rapid7 by 13.4% in the second quarter. Versant Capital Management Inc now owns 10,469 shares of the technology company’s stock valued at $85,000 after purchasing an additional 1,238 shares during the last quarter. Parallel Advisors LLC grew its holdings in Rapid7 by 81.6% during the fourth quarter. Parallel Advisors LLC now owns 3,036 shares of the technology company’s stock worth $46,000 after acquiring an additional 1,364 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of Rapid7 during the 2nd quarter worth approximately $44,000. 95.66% of the stock is owned by institutional investors and hedge funds.

Rapid7 Company Profile

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.