BlackRock Amends Rapid7 Stake, Signals Passive Investment
Ticker: RPD · Form: SC 13G/A · Filed: Jan 24, 2024 · CIK: 1560327
| Field | Detail |
|---|---|
| Company | Rapid7, Inc. (RPD) |
| Form Type | SC 13G/A |
| Filed Date | Jan 24, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its Rapid7 stake, still a big passive holder.**
AI Summary
BlackRock, Inc. filed an amended SC 13G/A on January 24, 2024, indicating its ownership of Rapid7, Inc. common stock as of December 31, 2023. This amendment (Amendment No. 5) updates their previous disclosures regarding their passive investment in Rapid7. This matters to investors because BlackRock is a major institutional investor, and changes in their holdings can signal their confidence (or lack thereof) in the company's future prospects, potentially influencing other investors.
Why It Matters
This filing confirms BlackRock's continued, albeit passive, significant ownership in Rapid7, Inc., which can be seen as a vote of confidence from a major institutional investor.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note BlackRock's continued passive stake in Rapid7, Inc. as a sign of institutional interest, but this filing alone doesn't suggest an immediate buy or sell action. It's a routine update, not a change in investment strategy.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Rapid7, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- January 24, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 5 (number) — the specific amendment number of this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No: 5)' sections.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., as identified under '(1)Names of reporting persons. BlackRock, Inc.'.
What is the subject company of this filing?
The subject company is Rapid7, Inc., as stated under 'SUBJECT COMPANY: COMPANY CONFORMED NAME: Rapid7, Inc.' and 'Rapid7 Inc (Name of Issuer)'.
What was the date of the event that required this filing?
The date of the event which required this filing was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed under Rule 13d-1(b), indicated by the '[X] Rule 13d-1(b)' checkbox.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 24, 2024 regarding Rapid7, Inc. (RPD).