Rapid7, Inc. $RPD Stock Position Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in shares of Rapid7, Inc. (NASDAQ:RPD) by 70.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 241,621 shares of the technology company’s stock after buying an additional 100,213 shares during the period. Principal Financial Group Inc. owned approximately 0.36% of Rapid7 worth $1,331,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC bought a new position in shares of Rapid7 in the fourth quarter valued at approximately $40,000. Headlands Technologies LLC bought a new stake in Rapid7 during the second quarter worth approximately $44,000. Parallel Advisors LLC raised its holdings in Rapid7 by 81.6% during the fourth quarter. Parallel Advisors LLC now owns 3,036 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,364 shares in the last quarter. KBC Group NV lifted its position in Rapid7 by 124.0% in the fourth quarter. KBC Group NV now owns 3,310 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,832 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in Rapid7 during the 4th quarter valued at $71,000. 95.66% of the stock is currently owned by institutional investors.

Rapid7 Price Performance

Shares of NASDAQ:RPD opened at $9.48 on Friday. Rapid7, Inc. has a one year low of $4.97 and a one year high of $21.78. The stock has a fifty day moving average of $8.80 and a 200-day moving average of $8.07. The company has a market capitalization of $633.55 million, a PE ratio of 27.09 and a beta of 1.01. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.78 and a current ratio of 0.78.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. The business had revenue of $209.69 million during the quarter, compared to analyst estimates of $207.94 million. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The company’s revenue was down .3% compared to the same quarter last year. During the same period last year, the company posted $0.49 EPS. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. As a group, equities analysts anticipate that Rapid7, Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on RPD shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Rapid7 in a research report on Wednesday, June 24th. Stifel Nicolaus cut their price objective on Rapid7 from $9.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Robert W. Baird set a $8.00 target price on Rapid7 in a research note on Wednesday, May 6th. William Blair lowered Rapid7 from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 28th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and issued a $11.00 price target on shares of Rapid7 in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating, seventeen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Rapid7 has a consensus rating of “Reduce” and an average price target of $9.03.

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.