Rapid7 (RPD) Is One Of The Tech Stocks To Sell According To Billionaires Faheem Tahir Sat, June 20, 2026 at 12:04 PM PDT 2 min read RPD Rapid7, Inc. (NASDAQ:RPD) features on the list of tech stocks to sell according to billionaires . Billionaire stake decreased from roughly $195.91 million in Q4 2025 to $83.70 million in Q1 2026, a drop of about $112.22 million. That decline has come alongside leadership changes and continued analyst skepticism about Rapid7, Inc. (NASDAQ:RPD)’s growth trajectory. On June 1, 2026, DA Davidson analyst Rudy Kessinger raised his price target on Rapid7, Inc. (NASDAQ:RPD) to $6.50 from $5.25 while keeping an Underperform rating, following the company’s announcement that CEO Corey Thomas will transition to Executive Chairman, with Wael Mohamed stepping in as CEO effective immediately. Kessinger noted that Mohamed is one of the board members nominated by activist investor Jana Partners as part of a cooperation agreement reached in March of last year. The analyst added that he continues to see negative annual run rate growth as likely for the foreseeable future, citing declines in Rapid7, Inc. (NASDAQ:RPD)’s VM business. Rapid7 (RPD) Is One Of The Tech Stocks To Sell According To Billionaires Pixabay/Public domain That update followed an earlier move from Barclays, which lowered its price target on Rapid7, Inc. (NASDAQ:RPD) to $6.50 from $8 last month while maintaining an Underweight rating after the company’s Q1 report. The Barclays analyst said Rapid7’s Q2 net new annual recurring revenue guidance came in below expectations, which the firm said warrants cuts to estimates. Rapid7, Inc. (NASDAQ:RPD) is engaged in AI-powered managed cybersecurity operations. The company’s Rapid7 Command Platform integrates security data, enriching it with AI, threat intelligence, and innovation to reduce risk and disrupt attackers. While we acknowledge the potential of RPD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock . READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy . Disclosure: None. Follow Insider Monkey on Google News . Terms and Privacy Policy Your Privacy Choices CA Privacy Notice More Info
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