How Rapid7 Inc (RPD) Stacks Up Against Its Peers

Since Rapid7 Inc (NASDAQ:RPD) has sustained a decline in interest from the entirety of the hedge funds we track, it’s easy to see that there is a sect of hedgies that elected to cut their positions entirely heading into Q4. Interestingly, Anand Parekh’s Alyeska Investment Group dumped the biggest investment of the “upper crust” of funds studied by Insider Monkey, comprising an estimated $6.4 million in stock. Philip Hempleman’s fund, Ardsley Partners, also sold off its stock, about $0.2 million worth.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Rapid7 Inc (NASDAQ:RPD) but similarly valued. These stocks are Superior Industries International Inc. (NYSE:SUP), S.Y. Bancorp, Inc. (NASDAQ:SYBT), Overseas Shipholding Group, Inc. Class A (NYSE:OSG), and ZIOPHARM Oncology Inc. (NASDAQ:ZIOP). This group of stocks’ market caps match RPD’s market cap.

As you can see these stocks had an average of 12 hedge funds with bullish positions and the average amount invested in these stocks was $59 million. That figure was $17 million in RPD’s case. Overseas Shipholding Group, Inc. Class A (NYSE:OSG) is the most popular stock in this table. On the other hand S.Y. Bancorp, Inc. (NASDAQ:SYBT) is the least popular one with only 5 bullish hedge fund positions. Rapid7 Inc (NASDAQ:RPD) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard OSG might be a better candidate to consider taking a long position in.

Disclosure: None