Rapid7 (NASDAQ:RPD) Stock Price Up 9.5% – Here’s Why

Rapid7, Inc. (NASDAQ:RPD) shares traded up 9.5% on Friday . The stock traded as high as $8.05 and last traded at $8.1460. 972,295 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 1,948,723 shares. The stock had previously closed at $7.44.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Scotiabank decreased their price objective on Rapid7 from $9.00 to $7.00 and set a “sector perform” rating for the company in a report on Wednesday, May 6th. Stifel Nicolaus reduced their target price on Rapid7 from $9.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Mizuho reduced their target price on Rapid7 from $12.00 to $8.00 and set a “neutral” rating for the company in a report on Tuesday, April 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Rapid7 in a report on Wednesday, February 11th. Finally, Wall Street Zen lowered Rapid7 from a “buy” rating to a “hold” rating in a report on Tuesday, April 14th. Two research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $8.71.

Rapid7 Stock Up 10.4%

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 cap of $549.01 million, a PE ratio of 23.52 and a beta of 0.89. The company has a fifty day moving average price of $6.13 and a 200 day moving average price of $10.00.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Tuesday, May 5th. The technology company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.30 by $0.06. Rapid7 had a return on equity of 34.35% and a net margin of 2.61%.The company had revenue of $209.69 million during the quarter, compared to analyst estimates of $207.94 million. During the same quarter in the previous year, the firm earned $0.49 earnings per share. Rapid7’s revenue was down .3% on a year-over-year basis. 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 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of RPD. Parallel Advisors LLC grew its holdings in shares of Rapid7 by 108.8% during the first quarter. Parallel Advisors LLC now owns 6,340 shares of the technology company’s stock worth $35,000 after purchasing an additional 3,304 shares in the last quarter. Sound Income Strategies LLC bought a new stake in Rapid7 in the 4th quarter worth approximately $40,000. CI Investments Inc. lifted its position in Rapid7 by 48.4% in the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock worth $43,000 after buying an additional 744 shares during the last quarter. Abich Financial Wealth Management LLC bought a new stake in Rapid7 in the 3rd quarter worth approximately $44,000. Finally, Headlands Technologies LLC bought a new stake in Rapid7 in the 2nd quarter worth approximately $44,000. 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.