Activist investor Jana pushes Rapid7 to consider a sale [Yahoo! Finance]
Rapid7, Inc. (RPD)
Last rapid7, inc. earnings: 2/10 04:05 pm
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Source: Yahoo! Finance
companies, has built a stake in Rapid7 and is urging the cybersecurity company to sell itself, a person familiar with the matter said on Wednesday. The news of Jana's stake comes months after Reuters reported in 2023 that the Boston-headquartered company was exploring options that included a possible sale. News of Jana's involvement, first reported by the Wall Street Journal, pushed Rapid7's stock price up more than 8% in midday trading on Wednesday. Jana Partners managing partner and portfolio manager Scott Ostfeld discussed the investment at an investment conference in Monaco. Since January, the stock price has tumbled 25%. Besides urging a sale, Jana is also pushing the company to improve operations and forecasting. It recently reduced its 2024 outlook. Rapid7 specializes in so-called vulnerability management, providing software tools and services that help businesses assess and monitor security risks. It has been forced to compete harder for its business as corporate cli
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RPD
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 Partners advocates for sale of Rapid7 - WSJ [Yahoo! Finance]Yahoo! Finance
- Rapid7, Inc. (NASDAQ: RPD) was upgraded by analysts at KeyCorp to a "hold" rating.MarketBeat
RPD
Earnings
- 5/7/24 - Beat
RPD
Sec Filings
- 6/17/24 - Form 4
- 6/17/24 - Form 4
- 6/17/24 - Form 4
- RPD's page on the SEC website