Rapid7RPD
Market Cap: $2.15B
About: Founded in 2000, Rapid7 is a cybersecurity company that began providing vulnerability management solutions. It has, however, expanded its portfolio to provide extended detection and response; security information and event management; cloud security, threat intelligence, and application security; and security orchestration, automation, and response. The Boston-based company went public in 2015.
Employees: 2,228
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
200% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 6 (+4) [Q2]
81% more call options, than puts
Call options by funds: $72.9M | Put options by funds: $40.2M
11% more repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 89
3.41% more ownership
Funds ownership: 97.51% [Q1] → 100.93% (+3.41%) [Q2]
8% less funds holding
Funds holding: 292 [Q1] → 269 (-23) [Q2]
8% less capital invested
Capital invested by funds: $2.96B [Q1] → $2.72B (-$236M) [Q2]
30% less first-time investments, than exits
New positions opened: 54 | Existing positions closed: 77
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
RBC Capital Matthew Hedberg 50% 1-year accuracy 54 / 109 met price target | 16%upside $40 | Sector Perform Downgraded | 20 Sept 2024 |
Scotiabank Patrick Colville 39% 1-year accuracy 11 / 28 met price target | 19%upside $41 | Sector Perform Maintained | 7 Aug 2024 |
JP Morgan Brian Essex 68% 1-year accuracy 19 / 28 met price target | 16%upside $40 | Neutral Maintained | 7 Aug 2024 |
RBC Capital Matthew Hedberg 50% 1-year accuracy 54 / 109 met price target | 46%upside $50 | Outperform Reiterated | 7 Aug 2024 |
UBS Roger Boyd 56% 1-year accuracy 5 / 9 met price target | 72%upside $59 | Buy Maintained | 7 Aug 2024 |
Financial journalist opinion
Based on 30 articles about RPD published over the past 30 days