Hsbc Holdings PLC Purchases 117,000 Shares of Rapid7, Inc. $RPD

Hsbc Holdings PLC increased its position in Rapid7, Inc. (NASDAQ:RPD) by 274.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,688 shares of the technology company’s stock after buying an additional 117,000 shares during the period. Hsbc Holdings PLC’s holdings in Rapid7 were worth $2,446,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in Rapid7 during the 4th quarter valued at approximately $40,000. CI Investments Inc. increased its stake in Rapid7 by 48.4% in the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock worth $43,000 after acquiring an additional 744 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of Rapid7 during the 2nd quarter worth approximately $44,000. Parallel Advisors LLC raised its holdings in shares of Rapid7 by 81.6% during the 4th 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 in the last quarter. Finally, KBC Group NV boosted its position in shares of Rapid7 by 124.0% during the 4th quarter. KBC Group NV now owns 3,310 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,832 shares during the last quarter. 95.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently weighed in on RPD. 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 report on Tuesday, June 2nd. Barclays decreased their price target on shares of Rapid7 from $8.00 to $6.50 and set an “underweight” rating on the stock in a research note on Thursday, May 7th. William Blair cut shares of Rapid7 from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 28th. Piper Sandler dropped their price objective on shares of Rapid7 from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Finally, Canaccord Genuity Group reduced their target price on shares of Rapid7 from $10.00 to $7.00 and set a “hold” rating on the stock in a report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $8.71.

Rapid7 Price Performance

Shares of Rapid7 stock opened at $7.82 on Tuesday. The stock has a market cap of $522.61 million, a price-to-earnings ratio of 22.34 and a beta of 1.03. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.78 and a current ratio of 0.78. The stock has a 50 day moving average price of $6.88 and a 200-day moving average price of $8.84. Rapid7, Inc. has a one year low of $4.97 and a one year high of $25.85.

Rapid7 (NASDAQ:RPD) last released its earnings results on Tuesday, May 5th. The technology company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.06. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The firm had revenue of $209.69 million for the quarter, compared to the consensus estimate of $207.94 million. During the same quarter in the previous year, the company posted $0.49 EPS. The company’s revenue for the quarter was down .3% compared to the same quarter last year. 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 expect that Rapid7, Inc. will post 0.63 EPS for the current year.

Rapid7 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.