SCHEDULE: Vanguard Portfolio Management Increases Stake in Rapid7

Vanguard Portfolio Management has reported a beneficial ownership of 6.6% in Rapid7 Inc. as of June 30, 2026.

Summary

• Vanguard Portfolio Management, through its affiliates and managed accounts, now beneficially owns 4,414,950 shares of Rapid7 Inc. common stock.
• This represents 6.6% of the class of securities.
• The filing is an amendment (Amendment No. 12) to a Schedule 13G, indicating a change in beneficial ownership.
• The reporting entity includes Vanguard Portfolio Management LLC, Vanguard Fiduciary Trust Company, and Vanguard Global Advisers, LLC.
• The shares were acquired and are held in the ordinary course of business and not for the purpose of influencing control of the issuer.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as a significant increase in ownership by a major institutional investor like Vanguard often implies confidence in the company's future performance.

Positives

• Vanguard Portfolio Management's increased stake suggests confidence in Rapid7's long-term prospects.
• The significant ownership percentage (6.6%) indicates a substantial investment by a major financial institution.

Risks

• Potential for increased scrutiny or influence from a large institutional investor.
• Market perception of Vanguard's increased stake could lead to short-term volatility.

Future Outlook

The filing does not contain specific forward-looking statements or guidance from Vanguard Portfolio Management regarding future actions or outlook for Rapid7 Inc.

Management Comments

• "In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Portfolio Management LLC and the following affiliates of Vanguard Portfolio Management LLC or business divisions of such affiliates: Vanguard Fiduciary Trust Company and Vanguard Global Advisers, LLC."
• "This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Portfolio Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power."
• "This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Portfolio Management LLC, or business divisions of such subsidiaries whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above 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 the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that an increase in beneficial ownership by a major asset manager like Vanguard in a cybersecurity firm like Rapid7 often signals a positive outlook for the sector, driven by ongoing demand for advanced security solutions.

Stakeholder Impact

• Shareholders may view Vanguard's increased stake as a positive signal, potentially leading to increased investor interest and share price appreciation.
• The increased influence of a large institutional investor could lead to greater focus on governance and long-term strategy.

Key Dates

Recommendation

The filing indicates a significant increase in beneficial ownership by Vanguard Portfolio Management, suggesting a positive view of Rapid7's prospects. However, as this is a Schedule 13G filing and not an earnings report, it primarily reflects an investment position rather than operational performance. Therefore, a 'hold' recommendation is appropriate, pending further operational and financial updates from Rapid7.

Keywords

cybersecurity, Vanguard, Rapid7, institutional investor, Schedule 13G, beneficial ownership