Rapid7, Inc. (NASDAQ:RPD – Get Free Report)’s stock price rose 6.2% during mid-day trading on Tuesday . The stock traded as high as $11.08 and last traded at $11.1550. Approximately 1,275,189 shares were traded during trading, a decline of 37% from the average session volume of 2,019,492 shares. The stock had previously closed at $10.50.
Analyst Ratings Changes
Several brokerages have recently commented on RPD. Truist Financial decreased their target price on Rapid7 from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, April 24th. Morgan Stanley raised Rapid7 from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 2nd. Stifel Nicolaus decreased their price objective on Rapid7 from $9.00 to $7.00 and set a “hold” rating for the company in a research report on Wednesday, May 6th. William Blair downgraded Rapid7 from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Finally, Barclays reduced their price target on shares of Rapid7 from $8.00 to $6.50 and set an “underweight” rating for the company in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $8.71.
View Our Latest Research Report on RPD
Rapid7 Price Performance
Rapid7 (NASDAQ:RPD – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. The business had revenue of $209.69 million during the quarter, compared to analysts’ expectations of $207.94 million. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $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. Equities analysts forecast that Rapid7, Inc. will post 0.63 earnings per share for the current year.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in shares of Rapid7 by 26.8% in the first quarter. Royal Bank of Canada now owns 326,910 shares of the technology company’s stock valued at $8,667,000 after buying an additional 69,122 shares during the period. AQR Capital Management LLC acquired a new position in shares of Rapid7 in the first quarter valued at $424,000. Woodline Partners LP lifted its position in Rapid7 by 48.0% in the first quarter. Woodline Partners LP now owns 86,712 shares of the technology company’s stock worth $2,299,000 after purchasing an additional 28,115 shares during the period. Prudential Financial Inc. boosted its stake in Rapid7 by 8.8% during the second quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock worth $197,000 after buying an additional 690 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Rapid7 by 27.2% in the 2nd quarter. Invesco Ltd. now owns 62,786 shares of the technology company’s stock valued at $1,452,000 after buying an additional 13,418 shares during the period. Institutional investors own 95.66% of the company’s stock.
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.
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