Pale Fire Capital SE Invests $437,000 in Rapid7, Inc. $RPD

Pale Fire Capital SE bought a new position in Rapid7, Inc. (NASDAQ:RPD) during the first quarter, according to its most recent filing with the SEC. The firm bought 79,249 shares of the technology company’s stock, valued at approximately $437,000. Pale Fire Capital SE owned approximately 0.12% of Rapid7 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RPD. Vanguard Group Inc. increased its stake in Rapid7 by 7.6% during the 4th 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 in the last quarter. First Trust Advisors LP lifted its stake in shares of Rapid7 by 48.3% in the fourth 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 stake in shares of 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 valued at $40,716,000 after buying an additional 34,438 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Rapid7 by 5.7% in the fourth quarter. Geode Capital Management LLC now owns 1,462,653 shares of the technology company’s stock valued at $22,236,000 after buying an additional 78,448 shares in the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of Rapid7 by 23.3% during the fourth quarter. Marshall Wace LLP now owns 1,404,686 shares of the technology company’s stock valued at $21,351,000 after buying an additional 265,413 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Price Performance

RPD opened at $9.49 on Friday. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.78 and a quick ratio of 0.78. The company has a market capitalization of $634.22 million, a price-to-earnings ratio of 27.12 and a beta of 1.01. The firm’s fifty day moving average price is $8.60 and its two-hundred day moving average price is $8.25. Rapid7, Inc. has a 1 year low of $4.97 and a 1 year high of $23.02.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, May 5th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06. Rapid7 had a net margin of 2.61% and a return on equity of 34.35%. The firm had revenue of $209.69 million during the quarter, compared to analyst estimates of $207.94 million. During the same quarter in the prior year, the business posted $0.49 EPS. The business’s revenue was down .3% compared to the same quarter last year. 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, analysts anticipate that Rapid7, Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on RPD. Truist Financial boosted their target price on shares of Rapid7 from $6.00 to $10.00 and gave the stock a “hold” rating in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rapid7 in a research report on Wednesday, June 24th. Piper Sandler cut their price target on Rapid7 from $10.00 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, May 6th. Barclays decreased their price objective on Rapid7 from $8.00 to $6.50 and set an “underweight” rating for the company in a report on Thursday, May 7th. Finally, Stifel Nicolaus lowered their price objective on Rapid7 from $9.00 to $7.00 and set a “hold” rating for the company in a research note on Wednesday, May 6th. One equities research analyst has rated the stock with a Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $9.03.

About Rapid7

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.