Jefferies Financial Group Lowers Rapid7 (NASDAQ:RPD) Price Target to $13.00

Rapid7 (NASDAQ:RPD) had its price target cut by equities research analysts at Jefferies Financial Group from $18.00 to $13.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s target price indicates a potential upside of 9.06% from the stock’s previous close.

RPD has been the topic of several other research reports. Truist Financial set a $14.00 price objective on Rapid7 in a report on Tuesday, January 20th. Royal Bank Of Canada dropped their price target on Rapid7 from $19.00 to $16.00 and set a “sector perform” rating on the stock in a research note on Monday, January 5th. Canaccord Genuity Group cut their price target on Rapid7 from $32.00 to $27.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Morgan Stanley reissued an “outperform” rating and issued a $18.00 price objective on shares of Rapid7 in a report on Thursday, December 18th. Finally, Scotiabank lowered their target price on shares of Rapid7 from $20.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fourteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.53.

Rapid7 Stock Up 1.6%

RPD stock opened at $11.92 on Monday. The company’s 50 day moving average price is $14.63 and its 200 day moving average price is $17.53. The company has a debt-to-equity ratio of 7.01, a quick ratio of 1.19 and a current ratio of 1.19. Rapid7 has a fifty-two week low of $11.53 and a fifty-two week high of $39.62. The firm has a market capitalization of $780.52 million, a price-to-earnings ratio of 35.06 and a beta of 0.79.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. The firm had revenue of $217.96 million during the quarter, compared to the consensus estimate of $216.14 million. Rapid7 had a net margin of 2.61% and a return on equity of 67.30%. The company’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.66 earnings per share. 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, equities research analysts anticipate that Rapid7 will post 0.35 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Jana Partners Management, Lp purchased 41,545 shares of the stock in a transaction that occurred on Friday, November 28th. The shares were acquired at an average price of $15.71 per share, for a total transaction of $652,671.95. Following the acquisition, the director directly owned 6,760,149 shares in the company, valued at approximately $106,201,940.79. The trade was a 0.62% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Corey E. Thomas bought 14,500 shares of the stock in a transaction on Monday, November 24th. The stock was purchased at an average cost of $13.82 per share, for a total transaction of $200,390.00. Following the acquisition, the chief executive officer directly owned 595,066 shares of the company’s stock, valued at $8,223,812.12. The trade was a 2.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 67,345 shares of company stock valued at $1,025,202 in the last 90 days. 2.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rapid7

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in 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 purchasing an additional 69,122 shares during the period. AQR Capital Management LLC acquired a new position in Rapid7 during the 1st quarter worth approximately $424,000. Woodline Partners LP boosted its holdings in Rapid7 by 48.0% in the 1st quarter. Woodline Partners LP now owns 86,712 shares of the technology company’s stock worth $2,299,000 after acquiring an additional 28,115 shares during the period. Wealth Enhancement Advisory Services LLC purchased a new position in Rapid7 in the 2nd quarter worth approximately $285,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Rapid7 by 117.3% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,918 shares of the technology company’s stock worth $530,000 after purchasing an additional 12,370 shares in the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

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.