Rapid7 (NASDAQ:RPD) Shares Gap Up – Here’s What Happened

Rapid7, Inc. (NASDAQ:RPD) shares gapped up prior to trading on Thursday . The stock had previously closed at $11.79, but opened at $12.90. Rapid7 shares last traded at $13.35, with a volume of 338,440 shares traded.

Analyst Ratings Changes

Several analysts recently commented on the stock. Mizuho increased their target price on shares of Rapid7 from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Wednesday, July 15th. Canaccord Genuity Group lifted their price target on shares of Rapid7 from $7.00 to $14.00 and gave the stock a “hold” rating in a research report on Tuesday, August 11th. DA Davidson lifted their price target on shares of Rapid7 from $5.25 to $9.00 and gave the stock an “underperform” rating in a research report on Tuesday, August 11th. Wall Street Zen raised Rapid7 from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Finally, Stifel Nicolaus increased their price objective on Rapid7 from $7.00 to $13.00 and gave the company a “hold” rating in a research report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Rapid7 presently has an average rating of “Reduce” and an average price target of $11.98.

Rapid7 Price Performance

The stock has a 50 day moving average of $10.46 and a two-hundred day moving average of $7.99. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80. The stock has a market cap of $900.94 million, a PE ratio of 43.08 and a beta of 0.97.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Monday, August 10th. The technology company reported $0.44 EPS for the quarter, beating 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 company had revenue of $210.88 million during the quarter, compared to analyst estimates of $208.23 million. During the same period in the prior year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. Equities analysts anticipate that Rapid7, Inc. will post 0.74 EPS for the current year.

Institutional Investors Weigh In On Rapid7

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada raised its stake in Rapid7 by 26.8% during the 1st quarter. Royal Bank of Canada now owns 326,910 shares of the technology company’s stock valued at $8,667,000 after purchasing an additional 69,122 shares during the period. AQR Capital Management LLC purchased a new stake in Rapid7 in the 1st quarter worth about $424,000. Woodline Partners LP boosted its position in Rapid7 by 48.0% during the 1st quarter. Woodline Partners LP now owns 86,712 shares of the technology company’s stock worth $2,299,000 after acquiring an additional 28,115 shares during the period. Prudential Financial Inc. grew its stake in Rapid7 by 8.8% during the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock valued at $197,000 after acquiring an additional 690 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Rapid7 by 27.2% during the 2nd quarter. Invesco Ltd. now owns 62,786 shares of the technology company’s stock valued at $1,452,000 after acquiring an additional 13,418 shares in 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.