Legal & General Group Plc Purchases Shares of 54,588 Rapid7, Inc. $RPD

Legal & General Group Plc acquired a new position in shares of Rapid7, Inc. (NASDAQ:RPD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 54,588 shares of the technology company’s stock, valued at approximately $442,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RPD. Quantinno Capital Management LP increased its holdings in shares of Rapid7 by 776.1% during the first quarter. Quantinno Capital Management LP now owns 260,359 shares of the technology company’s stock valued at $1,435,000 after acquiring an additional 230,641 shares in the last quarter. Renaissance Technologies LLC increased its stake in Rapid7 by 535.0% during the 1st quarter. Renaissance Technologies LLC now owns 149,196 shares of the technology company’s stock valued at $822,000 after purchasing an additional 125,700 shares in the last quarter. Pacer Advisors Inc. increased its stake in Rapid7 by 24.3% during the 1st quarter. Pacer Advisors Inc. now owns 469,912 shares of the technology company’s stock valued at $2,589,000 after purchasing an additional 91,905 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Rapid7 during the first quarter worth $1,048,000. Finally, Assenagon Asset Management S.A. lifted its stake in shares of Rapid7 by 113.7% in the second quarter. Assenagon Asset Management S.A. now owns 163,844 shares of the technology company’s stock valued at $1,327,000 after buying an additional 87,178 shares in the last quarter. 95.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Rapid7 in a research report on Wednesday, June 24th. Piper Sandler increased their price objective on Rapid7 from $8.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Susquehanna lifted their target price on Rapid7 from $7.00 to $15.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Mizuho upped their price target on Rapid7 from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, JPMorgan Chase & Co. raised their price objective on Rapid7 from $7.00 to $12.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. One analyst has rated the stock with a Buy rating, eighteen have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, Rapid7 currently has an average rating of “Reduce” and an average target price of $11.98.

Rapid7 Price Performance

RPD opened at $10.46 on Wednesday. The firm has a market cap of $705.00 million, a P/E ratio of 33.74 and a beta of 1.01. The firm has a 50-day moving average of $11.32 and a 200 day moving average of $8.22. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.80 and a current ratio of 0.80. Rapid7, Inc. has a fifty-two week low of $4.97 and a fifty-two week high of $20.95.

Rapid7 (NASDAQ:RPD) last released its earnings results on Monday, August 10th. The technology company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. The firm had revenue of $210.88 million for the quarter, compared to analysts’ expectations of $208.23 million. Rapid7 had a net margin of 2.35% and a return on equity of 27.89%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.58 earnings per share. Rapid7 has set its Q3 2026 guidance at 0.440-0.470 EPS. On average, research analysts expect that Rapid7, Inc. will post 0.74 EPS for the current year.

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.