BUZZ-Rapid7 up after activist investor Jana reports 5.8% stake in co

Reuters · 5d ago
BUZZ-Rapid7 up after activist investor Jana reports 5.8% stake in co

** Shares of cybersecurity firm Rapid7 RPD.O rise 4.8% at $39.03 in trading after the bell

** Activist investor Jana Partners reports a 5.8% stake in Rapid7 as of Sept 20; believes shares are undervalued

** Jana has had and intends to continue to have constructive discussions with members of RPD's board regarding operational execution and pushing for a sale, among others

** RPD has fallen 43.2% YTD


(Reporting by Juby Babu in Mexico City)

((Juby.Babu@thomsonreuters.com))