Rapid7 (NASDAQ:RPD) Trading Up 11.3% – Here’s Why

Rapid7, Inc. (NASDAQ:RPD) shot up 11.3% during trading on Monday . The company traded as high as $11.40 and last traded at $11.4730. Approximately 287,134 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 2,113,224 shares. The stock had previously closed at $10.31.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on RPD shares. Raymond James Financial reiterated an “outperform” rating and set a $15.00 target price on shares of Rapid7 in a research note on Tuesday, August 11th. UBS Group upped their price objective on Rapid7 from $7.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. DA Davidson increased their price objective on Rapid7 from $5.25 to $9.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 11th. Scotiabank lifted their target price on Rapid7 from $7.00 to $10.15 and gave the company a “sector perform” rating in a research note on Tuesday, August 11th. Finally, Susquehanna boosted their target price on Rapid7 from $7.00 to $15.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $11.98.

Rapid7 Price Performance

The company has a market cap of $827.34 million, a price-to-earnings ratio of 39.46 and a beta of 1.01. The company has a current ratio of 0.80, a quick ratio of 0.80 and a debt-to-equity ratio of 1.50. The company’s 50 day moving average price is $11.40 and its 200 day moving average price is $8.30.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share for the quarter, beating 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 business had revenue of $210.88 million for the quarter, compared to the consensus estimate of $208.23 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The business’s quarterly 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. Equities research analysts forecast that Rapid7, Inc. will post 0.74 earnings per share for the current year.

Hedge Funds Weigh In On Rapid7

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Prudential Financial Inc. boosted its stake in shares of Rapid7 by 8.8% in the second 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 raised its position in Rapid7 by 20.6% in the second quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company’s stock worth $48,000 after acquiring an additional 1,000 shares in the last quarter. Versant Capital Management Inc raised its position in Rapid7 by 13.4% in the second quarter. Versant Capital Management Inc now owns 10,469 shares of the technology company’s stock worth $85,000 after acquiring an additional 1,238 shares in the last quarter. Parallel Advisors LLC raised its position in Rapid7 by 81.6% in 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 in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Rapid7 in the second quarter valued at $44,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc (NASDAQ:RPD) is a cybersecurity company that helps organizations identify, assess and manage security risks across their IT environments. Its offerings are designed to provide visibility into vulnerabilities, endpoints, users, applications, cloud infrastructure and other technology assets, enabling customers to prioritize threats and respond to security incidents.

The company delivers many of its products through the Rapid7 Insight platform. Key offerings include InsightVM for vulnerability risk management, InsightIDR for security information and event detection and response, InsightCloudSec for cloud security and risk management, and InsightConnect for security orchestration and automation.