- Rapid7, Inc RPD consulted Goldman Sachs Group, Inc GS for advice on strategic options, including a possible sale after attracting acquisition interest, Reuters reports Wednesday.
- The cybersecurity firm hired Twitter whistleblower Peiter Zatko in January.
- Shares of Rapid7 have dropped nearly 60% over the last year amid a broader sell-off in technology stocks and concerns about the company's competitive position.
- The cybersecurity firm battled intense competition as corporate clients cut down on spending amid concerns about an economic slowdown.
- RPD Price Action: Rapid7 shares traded higher by 23.1% at $49.07 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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