10 Tech Stocks to Sell According to Billionaires

8. Rapid7, Inc. (NASDAQ:RPD)

QoQ Decline in Billionaire Holdings: 57.28%

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.

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.