Rapid7 (NASDAQ:RPD) Reaches New 12-Month Low – Here’s What Happened

Rapid7, Inc. (NASDAQ:RPD)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as $11.89 and last traded at $11.94, with a volume of 395729 shares. The stock had previously closed at $12.53.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Wall Street Zen lowered Rapid7 from a “buy” rating to a “hold” rating in a report on Sunday, January 11th. Piper Sandler dropped their price target on Rapid7 from $19.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, January 5th. DA Davidson reduced their price objective on Rapid7 from $16.00 to $14.00 and set an “underperform” rating for the company in a research note on Wednesday, November 5th. Jefferies Financial Group set a $18.00 price objective on Rapid7 in a research report on Tuesday, December 16th. Finally, Zacks Research downgraded Rapid7 from a “strong-buy” rating to a “hold” rating in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.79.

Rapid7 Stock Performance

The company has a market cap of $780.52 million, a price-to-earnings ratio of 35.06 and a beta of 0.79. The company has a debt-to-equity ratio of 7.01, a current ratio of 1.19 and a quick ratio of 1.19. The firm has a fifty day simple moving average of $14.63 and a 200 day simple moving average of $17.60.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.12. Rapid7 had a net margin of 2.61% and a return on equity of 67.30%. The business had revenue of $217.96 million during the quarter, compared to the consensus estimate of $216.14 million. During the same period in the prior year, the firm earned $0.66 EPS. Rapid7’s quarterly revenue was up 1.5% compared to the same quarter last year. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS and its Q4 2025 guidance at 0.370-0.44 EPS. On average, sell-side analysts expect that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Rapid7

In other Rapid7 news, CEO Corey E. Thomas purchased 14,500 shares of the business’s stock in a transaction dated Monday, November 24th. The stock was bought at an average cost of $13.82 per share, for a total transaction of $200,390.00. Following the completion of the acquisition, the chief executive officer directly owned 595,066 shares in the company, valued at $8,223,812.12. This represents a 2.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jana Partners Management, Lp acquired 41,545 shares of Rapid7 stock in a transaction dated Friday, November 28th. The stock was acquired at an average cost of $15.71 per share, with a total value of $652,671.95. Following the completion of the transaction, the director directly owned 6,760,149 shares of the company’s stock, valued at $106,201,940.79. This trade represents a 0.62% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 67,345 shares of company stock worth $1,025,202 in the last ninety days. 2.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Rapid7

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Rapid7 by 7.6% in the 4th quarter. Vanguard Group Inc. now owns 9,273,763 shares of the technology company’s stock valued at $140,961,000 after purchasing an additional 653,498 shares during the period. JANA Partners Management LP raised its position in shares of 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 last quarter. Penserra Capital Management LLC lifted its stake in shares of Rapid7 by 45.3% in the second quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock valued at $63,172,000 after buying an additional 851,108 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position 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 in the last quarter. Finally, First Trust Advisors LP grew its position in Rapid7 by 1.6% during the third quarter. First Trust Advisors LP now owns 1,568,047 shares of the technology company’s stock worth $29,401,000 after buying an additional 24,277 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

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.