Activist investor Jana Partners advocates for sale of Rapid7 - WSJ [Yahoo! Finance]
Rapid7, Inc. (RPD)
Last rapid7, inc. earnings: 2/10 04:05 pm
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Source: Yahoo! Finance
cybersecurity firm Rapid7 Inc (NASDAQ:RPD) and is encouraging the company to consider a sale, according to a source close to the matter. This development comes several months after it was reported in 2023 that the Boston-based company was considering various options, including a potential sale. Upon the revelation of Jana's involvement, which was initially reported by the Wall Street Journal, Rapid7's stock price rose more than 8% in midday trading on Wednesday. The investment was discussed by Scott Ostfeld, Jana Partners' managing partner and portfolio manager, at an investment conference held in Monaco. Rapid7's stock price has seen a 25% decrease since January. In addition to advocating for a sale, Jana is also urging the company to enhance its operations and forecasting. The company recently downgraded its outlook for 2024. Rapid7 is known for its specialization in vulnerability management, offering software tools and services that aid businesses in assessing and monitorin
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News
- RAPID7 INVESTOR ALERT: BFA Law is Investigating a Potential Transaction between Rapid7, Inc. (Nasdaq:RPD) and Cannae Holdings, Shareholders are Urged to Contact the FirmAccesswire
- RAPID7 ALERT: BFA Law is Investigating a Potential Transaction between Rapid7, Inc. (Nasdaq:RPD) and Cannae Holdings, Shareholders are Encouraged to Contact the FirmGlobeNewswire
- Rapid7 (RPD) Surges 6.8%: Is This an Indication of Further Gains? [Yahoo! Finance]Yahoo! Finance
- Activist investor Jana pushes Rapid7 to consider a sale [Yahoo! Finance]Yahoo! Finance
- Rapid7, Inc. (NASDAQ: RPD) was upgraded by analysts at KeyCorp to a "hold" rating.MarketBeat
RPD
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- 5/7/24 - Beat
RPD
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- 6/17/24 - Form 4
- 6/17/24 - Form 4
- 6/17/24 - Form 4
- RPD's page on the SEC website