Ieq Capital LLC Takes Position in Rapid7, Inc. $RPD

Ieq Capital LLC acquired a new position in Rapid7, Inc. (NASDAQ:RPD) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 104,312 shares of the technology company’s stock, valued at approximately $845,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Rapid7 by 7.6% during the fourth 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. First Trust Advisors LP lifted its position in shares of Rapid7 by 48.3% during the 4th quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock valued at $35,356,000 after buying an additional 758,009 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Rapid7 by 1.6% during the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock valued at $40,716,000 after buying an additional 34,438 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Rapid7 by 5.7% during the 4th quarter. Geode Capital Management LLC now owns 1,462,653 shares of the technology company’s stock valued at $22,236,000 after acquiring an additional 78,448 shares during the period. Finally, Marshall Wace LLP grew its stake in shares of Rapid7 by 23.3% during the 4th quarter. Marshall Wace LLP now owns 1,404,686 shares of the technology company’s stock valued at $21,351,000 after acquiring an additional 265,413 shares during the period. 95.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RPD shares. Morgan Stanley cut shares of Rapid7 from an “equal weight” rating to an “underweight” rating and set a $9.00 target price on the stock. in a research note on Tuesday, July 21st. Piper Sandler increased their price objective on shares of Rapid7 from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Citigroup restated a “neutral” rating on shares of Rapid7 in a research report on Wednesday, August 12th. Mizuho lifted their target price on shares of Rapid7 from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Finally, Wall Street Zen upgraded Rapid7 from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. One equities research analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $11.98.

Rapid7 Trading Up 14.5%

Shares of RPD stock opened at $13.50 on Friday. 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 stock has a market capitalization of $909.90 million, a price-to-earnings ratio of 43.55 and a beta of 0.97. Rapid7, Inc. has a 12-month low of $4.97 and a 12-month high of $21.26. The stock’s 50-day moving average price is $10.60 and its 200-day moving average price is $8.01.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The company had revenue of $210.88 million during the quarter, compared to analyst estimates of $208.23 million. Rapid7 had a return on equity of 27.89% and a net margin of 2.35%.The firm’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 earnings per share. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. Equities research analysts predict that Rapid7, Inc. will post 0.74 EPS for the current fiscal year.

Rapid7 Company 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.