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We recently published a list of Billionaire George Soros’ 10 Small-Cap Stocks with Huge Upside Potential. In this article, we are going to take a look at where Rapid7, Inc. (NASDAQ:RPD) stands against Billionaire George Soros’ other small-cap stocks with huge upside potential.
When a legendary investor like George Soros makes a move, Wall Street pays attention. However, most of the limelight is taken by mega-cap stocks, with no one paying heed to the many small-cap stocks that form an important part of Soros’ portfolio.
Digging out these small-cap stocks is important. In some cases, these are the mega-cap stocks of the future. In other cases, these provide amazing returns in a very short period of time. The key is to get in early. And what better way to get in early than to do it when the big guys do.
We therefore decided to compile a list of stocks in billionaire George Soros’ portfolio that have the most upside. To come up with our list of billionaire George Soros’ 10 Small-Cap stocks with huge upside potential, we first looked at his top 50 stock holdings. We then filtered out the companies to look at only the ones with a market cap below $10 billion.
After arriving at his top small-cap holdings list, we then looked at the median analyst price targets on those stocks and then ranked them by their upside potential.
A computer engineer analyzing a server network for cyber security threats.
Rapid7, Inc. (NASDAQ:RPD)
Rapid7, Inc. (NASDAQ:RPD) operates as a cybersecurity services and software provider. The company offers its services under the Nexpose, Metasploit, and Rapid7 brand names. It provides Rapid7 Insight Agent, Rapid7 Insight Network Sensor, Rapid7 Cloud Event Data Harvesting, and third-party integrations and ecosystem. According to the median analyst price target, the stock still has an upside of 52.77%.
As part of the cybersecurity firm’s settlement with activist investor Jana Partners, it added three new members to its board of directors at the end of last month. The newly appointed directors are Mike Burns, Kevin Galligan, and Wael Mohamed. Rapid7 (NASDAQ:RPD) is likely to benefit from this move as Jana Partners holds a 5.8% stake in the company and is now free to make its move to transform the company.
CEO and Chairman Corey Thomas commented:
“Rapid7 is entering an exciting new chapter of growth, and we are confident that adding Wael, Mike and Kevin to our Board will accelerate our ability to execute with greater speed, focus and impact, each brings a wealth of expertise that will help us sharpen our strategy, strengthen execution and drive greater value creation for our shareholders.”