Rapid7 Shares Rally As It Reportedly Weighs Strategic Options

February 1, 2023 11:13 AM | 1 min read | Make a Comment

Rapid7, Inc RPD consulted Goldman Sachs Group, Inc GS for advice on strategic options, including a possible sale after attracting acquisition interest, Reuters reports Wednesday.
The cybersecurity firm hired Twitter whistleblower Peiter Zatko in January.
Shares of Rapid7 have dropped nearly 60% over the last year amid a broader sell-off in technology stocks and concerns about the company's competitive position.
The cybersecurity firm battled intense competition as corporate clients cut down on spending amid concerns about an economic slowdown.
RPD Price Action: Rapid7 shares traded higher by 23.1% at $49.07 on the last check Wednesday.