Barclays Issues Pessimistic Forecast for Rapid7 (NASDAQ:RPD) Stock Price

Rapid7 (NASDAQ:RPD) had its price target reduced by stock analysts at Barclays from $15.00 to $8.00 in a research note issued on Thursday,Benzinga reports. The firm currently has an “underweight” rating on the technology company’s stock. Barclays‘s target price indicates a potential upside of 11.42% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Citigroup reduced their price objective on shares of Rapid7 from $15.00 to $11.50 and set a “neutral” rating for the company in a research note on Thursday. UBS Group reiterated a “neutral” rating and issued a $9.00 price target on shares of Rapid7 in a research report on Wednesday. Scotiabank dropped their price objective on Rapid7 from $18.00 to $9.00 and set a “sector perform” rating on the stock in a report on Wednesday. Zacks Research downgraded Rapid7 from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 27th. Finally, JPMorgan Chase & Co. decreased their price target on Rapid7 from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $12.53.

Rapid7 Stock Up 1.3%

RPD stock opened at $7.18 on Thursday. The stock has a fifty day moving average of $13.47 and a 200-day moving average of $16.70. Rapid7 has a fifty-two week low of $7.01 and a fifty-two week high of $35.93. The company has a market capitalization of $470.15 million, a price-to-earnings ratio of 19.94 and a beta of 0.79. The company has a debt-to-equity ratio of 7.01, a quick ratio of 1.19 and a current ratio of 1.19.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The business had revenue of $217.39 million for the quarter, compared to the consensus estimate of $215.17 million. Rapid7 had a net margin of 2.72% and a return on equity of 55.81%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. Rapid7 has set its FY 2026 guidance at 1.500-1.600 EPS and its Q1 2026 guidance at 0.290-0.320 EPS. As a group, equities research analysts predict that Rapid7 will post 0.35 earnings per share for the current year.

Insider Activity at Rapid7

In related news, Director Mike Burns bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was bought at an average cost of $13.80 per share, for a total transaction of $27,600.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $69,000. The trade was a 66.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jana Partners Management, Lp bought 41,545 shares of Rapid7 stock in a transaction that occurred on Friday, November 28th. The stock was purchased at an average cost of $15.71 per share, for a total transaction of $652,671.95. Following the purchase, the director owned 6,760,149 shares of the company’s stock, valued at $106,201,940.79. The trade was a 0.62% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 67,345 shares of company stock worth $1,025,202 in the last three months. 2.40% of the stock is owned by insiders.

Institutional Trading of Rapid7

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position 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 acquiring an additional 653,498 shares during the last quarter. JANA Partners Management LP boosted its stake in shares of Rapid7 by 13.5% in 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 purchasing an additional 772,194 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of Rapid7 by 45.3% during the 2nd quarter. Penserra Capital Management LLC now owns 2,731,192 shares of the technology company’s stock valued at $63,172,000 after purchasing an additional 851,108 shares during the last quarter. First Trust Advisors LP raised its position in Rapid7 by 48.3% in the 4th quarter. First Trust Advisors LP now owns 2,326,056 shares of the technology company’s stock worth $35,356,000 after purchasing an additional 758,009 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Rapid7 by 1.6% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,170,876 shares of the technology company’s stock worth $40,716,000 after purchasing an additional 34,438 shares during the last quarter. Hedge funds and other institutional investors 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.