Jana Partners Is Betting Big on Rapid7 (RPD) Stock. It Wants a Sale.
RPDRapid7(RPD) Investor Place·2024-06-27 23:19

Rapid7 (NASDAQ:RPD) stock is climbing higher on Thursday after activist investor Jana Partners pushed the cybersecurity solutions company for a sale of its business.According to insider sources, Jana Partners has enough of a stake in the company to push for this sale. It’s also worth noting that this comes after reports in 2023 that Rapid7 was considering strategic alternatives.Outside of just a sale, Jana Partners also wants Rapid7 to improve its operating performance. This comes after the company reduced ...