Rapid7 (NASDAQ:RPD) Stock Price Down 4.6% – Here’s Why

Rapid7, Inc. (NASDAQ:RPD)’s stock price was down 4.6% during mid-day trading on Friday. The company traded as low as $12.45 and last traded at $12.2540. 71,276 shares were traded during mid-day trading, a decline of 97% from the average session volume of 2,127,104 shares. The stock had previously closed at $12.85.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Mizuho raised their price objective on shares of Rapid7 from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Truist Financial boosted their price objective on shares of Rapid7 from $6.00 to $10.00 and gave the stock a “hold” rating in a report on Tuesday, July 21st. Scotiabank lifted their target price on Rapid7 from $7.00 to $10.15 and gave the stock a “sector perform” rating in a research report on Tuesday, August 11th. Piper Sandler lifted their price objective on Rapid7 from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Finally, Susquehanna lifted their price target on shares of Rapid7 from $7.00 to $15.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $11.98.

Rapid7 Price Performance

The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $817.97 million, a PE ratio of 39.21 and a beta of 1.01. The firm’s 50 day simple moving average is $11.56 and its 200 day simple moving average is $8.68.

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

Hedge Funds Weigh In On Rapid7

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RPD. Integrated Wealth Concepts LLC acquired a new position in shares of Rapid7 during the 2nd quarter valued at about $38,000. Allworth Financial LP acquired a new position in Rapid7 during the 2nd quarter worth approximately $42,000. GAMMA Investing LLC lifted its position in shares of Rapid7 by 20.6% during the second quarter. GAMMA Investing LLC now owns 5,866 shares of the technology company’s stock worth $48,000 after purchasing an additional 1,000 shares in the last quarter. Parallel Advisors LLC boosted its position in Rapid7 by 108.8% in the 1st quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company’s stock valued at $35,000 after buying an additional 3,304 shares during the last quarter. Finally, Green Alpha Advisors LLC acquired a new stake in Rapid7 during the 2nd quarter valued at approximately $83,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

About Rapid7

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.