Rapid7 (RPD) Billionaire Stake Drops to $83.70 Million
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowRapid7, Inc. (NASDAQ:RPD) saw a decline in billionaire investments, dropping from approximately $195.91 million in Q4 2025 to $83.70 million in Q1 2026, a fall of about $112.22 million. On June 1, 2026, analyst Rudy Kessinger from DA Davidson raised the price target from $5.25 to $6.50 while maintaining an 'Underperform' rating amidst leadership changes. CEO Corey Thomas transitioned to Executive Chairman, with Wael Mohamed appointed as new CEO. Barclays also adjusted its price target to $6.50 from $8, citing disappointing Q2 annual recurring revenue guidance as a rationale for reducing estimates.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
