Key Points
- Director Thomas Schodorf bought 6,300 shares at $15.70 each on Nov. 26 for a total of $98,910, raising his stake by 22.39% to 34,440 shares (SEC filing disclosed).
- Rapid7 shares traded up about 1.2% to $15.51 on higher-than-average volume, with a 52-week range of $13.21–$44.47 and a market cap near $1.02 billion.
- The company recently beat quarterly EPS estimates and set FY2025 guidance, but analyst sentiment is mixed (average rating "Hold" and average target ~$22.42) while institutional ownership is very high (~95.7%).
Rapid7, Inc. (NASDAQ:RPD - Get Free Report) Director Thomas Schodorf bought 6,300 shares of Rapid7 stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average cost of $15.70 per share, for a total transaction of $98,910.00. Following the completion of the transaction, the director owned 34,440 shares of the company's stock, valued at approximately $540,708. This represents a 22.39% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Rapid7 Stock Up 1.2%
Rapid7 stock traded up $0.18 during midday trading on Thursday, hitting $15.51. 1,259,954 shares of the stock were exchanged, compared to its average volume of 921,893. Rapid7, Inc. has a 1 year low of $13.21 and a 1 year high of $44.47. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $1.02 billion, a P/E ratio of 37.83 and a beta of 0.94. The company has a 50 day moving average price of $17.36 and a two-hundred day moving average price of $20.51.
Rapid7 (NASDAQ:RPD - Get Free Report) last announced its earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.12. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%.The company had revenue of $217.96 million during the quarter, compared to the consensus estimate of $216.14 million. During the same period last year, the firm earned $0.66 earnings per share. The company's revenue was up 1.5% on a year-over-year basis. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS. Q4 2025 guidance at 0.370-0.44 EPS. On average, sell-side analysts predict that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Rapid7
Several hedge funds and other institutional investors have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Rapid7 by 112.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,286,300 shares of the technology company's stock valued at $60,610,000 after purchasing an additional 1,209,856 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Rapid7 by 114.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,136,438 shares of the technology company's stock worth $49,409,000 after buying an additional 1,142,148 shares in the last quarter. Penserra Capital Management LLC grew its position in Rapid7 by 45.3% in the second quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company's stock worth $63,172,000 after buying an additional 851,108 shares during the last quarter. LSV Asset Management bought a new position in shares of Rapid7 in the third quarter valued at $14,719,000. Finally, JANA Partners Management LP lifted its position in shares of Rapid7 by 13.5% during the 3rd quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company's stock valued at $121,915,000 after acquiring an additional 772,194 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several analysts have issued reports on the company. Barclays cut their price objective on Rapid7 from $21.00 to $18.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 5th. Mizuho decreased their price target on shares of Rapid7 from $27.00 to $25.00 and set a "neutral" rating for the company in a report on Friday, August 8th. UBS Group dropped their price objective on shares of Rapid7 from $34.00 to $29.00 and set a "buy" rating on the stock in a research note on Tuesday, October 21st. Weiss Ratings restated a "sell (d)" rating on shares of Rapid7 in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their price objective on Rapid7 from $22.00 to $20.00 and set a "neutral" rating for the company in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Rapid7 presently has an average rating of "Hold" and an average target price of $22.42.
Check Out Our Latest Report on Rapid7
About Rapid7
(
Get Free Report)
Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.
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