250,000 Shares in Rapid7, Inc. $RPD Bought by Circumference Group LLC

Circumference Group LLC bought a new position in shares of Rapid7, Inc. (NASDAQ:RPD) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 250,000 shares of the technology company’s stock, valued at approximately $3,800,000. Rapid7 comprises approximately 4.1% of Circumference Group LLC’s investment portfolio, making the stock its 12th largest holding.

Other institutional investors have also recently made changes to their positions in the company. JANA Partners Management LP raised its holdings in shares of Rapid7 by 13.5% during the third quarter. JANA Partners Management LP now owns 6,502,108 shares of the technology company’s stock worth $121,915,000 after purchasing an additional 772,194 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Rapid7 by 7.4% during the third quarter. Vanguard Group Inc. now owns 8,620,265 shares of the technology company’s stock worth $161,630,000 after purchasing an additional 595,916 shares during the last quarter. Picton Mahoney Asset Management raised its holdings in shares of Rapid7 by 920.7% during the third quarter. Picton Mahoney Asset Management now owns 81,903 shares of the technology company’s stock worth $1,535,000 after purchasing an additional 73,879 shares during the last quarter. LSV Asset Management raised its holdings in shares of Rapid7 by 25.1% during the fourth quarter. LSV Asset Management now owns 982,397 shares of the technology company’s stock worth $14,932,000 after purchasing an additional 197,397 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in shares of Rapid7 during the fourth quarter worth $40,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Wall Street Analysts Forecast Growth

RPD has been the subject of several recent research reports. Piper Sandler reduced their target price on shares of Rapid7 from $10.00 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, May 6th. Scotiabank reduced their target price on shares of 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 shares of Rapid7 from $9.00 to $7.00 and set a “hold” rating for the company in a report on Wednesday, May 6th. Robert W. Baird set a $8.00 target price on shares of Rapid7 in a report on Wednesday, May 6th. Finally, Truist Financial reduced their target price on shares of Rapid7 from $8.00 to $6.00 and set a “hold” rating for the company in a report on Friday, April 24th. One research analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $8.71.

Rapid7 Stock Down 2.3%

RPD stock opened at $6.77 on Thursday. The firm has a market cap of $452.44 million, a PE ratio of 19.34 and a beta of 1.03. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.78 and a current ratio of 0.78. The firm’s fifty day moving average is $6.63 and its 200 day moving average is $9.34. Rapid7, Inc. has a one year low of $4.97 and a one year high of $25.85.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. The company had revenue of $209.69 million for the quarter, compared to analyst estimates of $207.94 million. Rapid7 had a net margin of 2.61% and a return on equity of 34.35%. The firm’s revenue was down .3% on a year-over-year basis. During the same quarter last year, the business earned $0.49 earnings per share. Rapid7 has set its FY 2026 guidance at 1.520-1.600 EPS and its Q2 2026 guidance at 0.330-0.360 EPS. On average, research analysts forecast that Rapid7, Inc. will post 0.63 EPS for the current year.

Rapid7 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.