Rapid7 (NASDAQ:RPD) Director Thomas Schodorf Acquires 6,300 Shares

Rapid7, Inc. (NASDAQ:RPD) Director Thomas Schodorf acquired 6,300 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was acquired at an average price of $15.70 per share, for a total transaction of $98,910.00. Following the completion of the transaction, the director directly owned 34,440 shares in the company, valued at approximately $540,708. This represents a 22.39% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Rapid7 Price Performance

RPD traded up $0.18 during midday trading on Thursday, reaching $15.51. 1,259,954 shares of the company’s stock were exchanged, compared to its average volume of 921,893. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.36 and a quick ratio of 1.36. Rapid7, Inc. has a 1-year low of $13.21 and a 1-year high of $44.47. The stock has a market capitalization of $1.02 billion, a PE ratio of 37.83 and a beta of 0.94. The business’s 50-day moving average price is $17.36 and its 200 day moving average price is $20.51.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.45 by $0.12. The firm had revenue of $217.96 million for the quarter, compared to analyst estimates of $216.14 million. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%.Rapid7’s revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.66 EPS. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS. Q4 2025 guidance at 0.370-0.44 EPS. As a group, equities analysts anticipate that Rapid7, Inc. will post 0.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Y.D. More Investments Ltd increased its stake in Rapid7 by 12.0% during the first quarter. Y.D. More Investments Ltd now owns 5,839 shares of the technology company’s stock worth $171,000 after acquiring an additional 625 shares during the last quarter. Prudential Financial Inc. raised its holdings in Rapid7 by 8.8% in the second quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock valued at $197,000 after buying an additional 690 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Rapid7 by 6.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,427 shares of the technology company’s stock worth $221,000 after buying an additional 732 shares during the period. CI Investments Inc. increased its position in shares of Rapid7 by 48.4% in the third quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock worth $43,000 after acquiring an additional 744 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Rapid7 by 1.0% in the 2nd quarter. Nordea Investment Management AB now owns 78,294 shares of the technology company’s stock valued at $1,808,000 after acquiring an additional 753 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

RPD has been the topic of a number of recent research reports. Barclays reduced their target price on shares of Rapid7 from $21.00 to $18.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 5th. Canaccord Genuity Group reduced their price objective on shares of Rapid7 from $32.00 to $27.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Scotiabank decreased their target price on shares of Rapid7 from $20.00 to $18.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 5th. Jefferies Financial Group cut shares of Rapid7 from a “buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, Citigroup reduced their price target on Rapid7 from $35.00 to $30.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Rapid7 presently has a consensus rating of “Hold” and an average target price of $22.42.

About Rapid7

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.