Rapid7 (NASDAQ:RPD) Shares Down 6.3% – What’s Next?

Rapid7, Inc. (NASDAQ:RPD) shares fell 6.3% during mid-day trading on Tuesday . The company traded as low as $10.23 and last traded at $10.3020. 180,290 shares traded hands during trading, a decline of 92% from the average daily volume of 2,125,784 shares. The stock had previously closed at $11.00.

Wall Street Analyst Weigh In

Several research analysts have weighed in on RPD shares. Canaccord Genuity Group upped their target price on Rapid7 from $7.00 to $14.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. Truist Financial lifted their price target on Rapid7 from $6.00 to $10.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. JPMorgan Chase & Co. boosted their price target on Rapid7 from $7.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Jefferies Financial Group reissued a “hold” rating and issued a $12.00 price target on shares of Rapid7 in a research note on Tuesday, August 11th. Finally, DA Davidson increased their price objective on Rapid7 from $5.25 to $9.00 and gave the stock an “underperform” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, eighteen have given 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 an average price target of $11.98.

Rapid7 Trading Down 4.0%

The company has a fifty day simple moving average of $11.28 and a two-hundred day simple moving average of $8.19. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.80 and a quick ratio of 0.80. The company has a market capitalization of $711.41 million, a P/E ratio of 34.02 and a beta of 1.01.

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

Hedge Funds Weigh In On Rapid7

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new position in shares of Rapid7 in the second quarter valued at approximately $44,000. Parallel Advisors LLC boosted its holdings in shares of Rapid7 by 81.6% during the 4th quarter. Parallel Advisors LLC now owns 3,036 shares of the technology company’s stock worth $46,000 after buying an additional 1,364 shares during the period. Los Angeles Capital Management LLC bought a new stake in shares of Rapid7 during the 4th quarter worth $71,000. Advisors Asset Management Inc. acquired a new position in Rapid7 in the 4th quarter valued at $79,000. Finally, Allworth Financial LP bought a new position in Rapid7 in the 2nd quarter worth $42,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

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.