MetLife Investment Management LLC Has $986,000 Position in Rapid7, Inc. $RPD

MetLife Investment Management LLC trimmed its position in Rapid7, Inc. (NASDAQ:RPD) by 1.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,176 shares of the technology company’s stock after selling 611 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Rapid7 worth $986,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas grew its holdings in Rapid7 by 24.1% in the 1st quarter. Teacher Retirement System of Texas now owns 54,091 shares of the technology company’s stock valued at $1,434,000 after buying an additional 10,487 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Rapid7 by 18.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,548 shares of the technology company’s stock valued at $291,000 after buying an additional 1,648 shares in the last quarter. New York State Teachers Retirement System acquired a new position in Rapid7 in the 1st quarter valued at $29,000. Principal Financial Group Inc. grew its holdings in Rapid7 by 1.1% in the 1st quarter. Principal Financial Group Inc. now owns 54,915 shares of the technology company’s stock valued at $1,456,000 after buying an additional 609 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in Rapid7 by 49.0% in the 4th quarter. ProShare Advisors LLC now owns 17,434 shares of the technology company’s stock valued at $701,000 after buying an additional 5,736 shares in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Rapid7

In other Rapid7 news, CAO Scott M. Murphy sold 1,370 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $20.25, for a total value of $27,742.50. Following the completion of the transaction, the chief accounting officer owned 27,592 shares of the company’s stock, valued at $558,738. This represents a 4.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jana Partners Management, Lp bought 250,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was purchased at an average cost of $21.26 per share, with a total value of $5,315,000.00. Following the acquisition, the director owned 6,518,604 shares in the company, valued at approximately $138,585,521.04. This represents a 3.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 772,194 shares of company stock valued at $15,135,356. 2.40% of the stock is owned by corporate insiders.

Rapid7 Stock Performance

NASDAQ:RPD opened at $20.32 on Friday. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.36 and a current ratio of 1.36. Rapid7, Inc. has a fifty-two week low of $17.83 and a fifty-two week high of $44.48. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 49.56 and a beta of 0.94. The stock has a fifty day moving average price of $21.68 and a 200-day moving average price of $24.09.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Thursday, August 7th. The technology company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.14. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%.The business had revenue of $214.19 million during the quarter, compared to the consensus estimate of $212.17 million. During the same period in the prior year, the company earned $0.58 EPS. Rapid7’s revenue for the quarter was up 3.0% on a year-over-year basis. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. As a group, equities analysts anticipate that Rapid7, Inc. will post 0.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RPD has been the topic of a number of research reports. Wall Street Zen raised Rapid7 from a “hold” rating to a “buy” rating in a report on Sunday, August 3rd. UBS Group decreased their price objective on Rapid7 from $39.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, August 8th. Stifel Nicolaus decreased their price objective on Rapid7 from $29.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, August 8th. Raymond James Financial cut their target price on Rapid7 from $40.00 to $30.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Finally, Barclays cut their target price on Rapid7 from $26.00 to $25.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $26.56.

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.