SCHEDULE: BlackRock Boosts Rapid7 Stake to 9.1%
Beneficial Ownership Report
BlackRock, Inc. has reported an increased beneficial ownership of 9.1% in Rapid7, Inc. common stock, holding 5,913,948 shares as of September 30, 2025.
Summary
- BlackRock, Inc. beneficially owns 5,913,948 shares of Rapid7, Inc. Common Stock.
- This ownership represents 9.1% of the class of securities.
- BlackRock, Inc. holds sole voting power over 5,807,309 shares.
- BlackRock, Inc. holds sole dispositive power over 5,913,948 shares.
- The filing is an Amendment No. 6 to a Schedule 13G, indicating previous ownership disclosures.
- The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Rapid7, Inc.
- BlackRock Fund Advisors, a subsidiary of BlackRock, Inc., beneficially owns 5% or greater of the outstanding shares of Rapid7, Inc.
Sentiment
Score: 6
Explanation: The filing is a factual disclosure of increased institutional ownership. While not directly indicative of Rapid7's operational performance, a significant stake by a major asset manager like BlackRock can be viewed as a positive signal of investor confidence.
Positives
- Increased institutional ownership by a major asset manager like BlackRock can signal confidence in Rapid7, Inc.'s long-term prospects.
- The acquisition of shares is stated to be in the ordinary course of business, suggesting a strategic investment rather than an activist stance.
Future Outlook
This filing does not contain any forward-looking statements or guidance regarding Rapid7, Inc.'s financial performance or strategic direction.
Management Comments
- BlackRock, Inc. certifies that the securities were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Rapid7, Inc.
Industry Context
The filing reflects continued institutional investment activity in publicly traded companies, with major asset managers like BlackRock regularly adjusting their portfolio holdings based on market conditions and investment strategies. Rapid7 operates in the cybersecurity sector, an area of ongoing strategic interest for many institutional investors.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Internal Policy/Procedure Update | BlackRock, Inc. executed a new Power of Attorney, effective January 21, 2025, which revokes a previous Power of Attorney dated April 30, 2023. This document authorizes specific individuals to execute and file SEC ownership and control-person reporting requirements on behalf of BlackRock and its affiliates. | 01/21/2025 | This is an internal administrative update for BlackRock, Inc. to streamline its SEC filing processes and does not directly impact Rapid7, Inc.'s corporate governance. |
Stakeholder Impact
- Shareholders: May view the increased institutional ownership by BlackRock as a positive indicator of confidence in Rapid7, Inc., potentially influencing market perception and share price.
- Management: The filing confirms a significant institutional investor is monitoring the company, which could influence strategic decisions and communication.
Next Steps
- BlackRock, Inc. will continue to file amendments to its Schedule 13G as required by SEC regulations if its beneficial ownership percentage changes significantly or if it changes its investment intent.
Key Dates
| Date | Description |
|---|---|
| 04/30/2023 | Previous Power of Attorney revoked by BlackRock, Inc. |
| 01/21/2025 | New Power of Attorney executed by BlackRock, Inc. for SEC filings. |
| 09/30/2025 | Date of event which requires the filing of this statement, reflecting the beneficial ownership snapshot. |
| 10/17/2025 | Date the Schedule 13G Amendment No. 6 was signed by BlackRock, Inc. |
Keywords
BlackRock, Rapid7, Institutional Ownership, Beneficial Ownership, Common Stock, Investment, Asset Management, Schedule 13G, Cybersecurity
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