Rapid7, Inc. (NASDAQ:RPD - Get Free Report) COO Andrew F. Burton sold 20,653 shares of the company's stock in a transaction on Monday, April 8th. The shares were sold at an average price of $48.73, for a total value of $1,006,420.69. Following the completion of the transaction, the chief operating officer now directly owns 236,841 shares in the company, valued at approximately $11,541,261.93. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Rapid7 Stock Performance
RPD opened at $50.02 on Thursday. Rapid7, Inc. has a one year low of $39.49 and a one year high of $61.88. The company has a market cap of $3.10 billion, a P/E ratio of -19.93 and a beta of 1.01. The business's 50-day simple moving average is $54.05 and its 200-day simple moving average is $53.10.
Rapid7 (NASDAQ:RPD - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.40 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.27. Rapid7 had a negative return on equity of 1.36% and a negative net margin of 19.19%. The business had revenue of $205.27 million for the quarter, compared to the consensus estimate of $201.52 million. As a group, analysts predict that Rapid7, Inc. will post 0.86 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
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Several equities analysts have recently commented on RPD shares. Barclays upped their price target on Rapid7 from $58.00 to $60.00 and gave the company an "equal weight" rating in a research note on Thursday, February 8th. StockNews.com lowered Rapid7 from a "buy" rating to a "hold" rating in a research note on Wednesday, March 6th. UBS Group raised Rapid7 from a "neutral" rating to a "buy" rating and upped their price target for the company from $53.00 to $70.00 in a research note on Monday, January 29th. JPMorgan Chase & Co. decreased their target price on Rapid7 from $61.00 to $60.00 and set a "neutral" rating on the stock in a research note on Thursday, February 8th. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $70.00 target price on shares of Rapid7 in a research note on Thursday, February 8th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Rapid7 presently has an average rating of "Hold" and a consensus price target of $56.20.
Get Our Latest Stock Analysis on RPD
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Tudor Investment Corp Et Al increased its position in Rapid7 by 46.5% during the third quarter. Tudor Investment Corp Et Al now owns 145,102 shares of the technology company's stock worth $6,643,000 after buying an additional 46,053 shares during the period. Exchange Traded Concepts LLC raised its position in Rapid7 by 34.1% in the 4th quarter. Exchange Traded Concepts LLC now owns 42,448 shares of the technology company's stock valued at $2,424,000 after purchasing an additional 10,798 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Rapid7 by 47.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 68,300 shares of the technology company's stock worth $3,127,000 after purchasing an additional 22,100 shares during the period. Raymond James & Associates boosted its stake in Rapid7 by 41.5% during the 3rd quarter. Raymond James & Associates now owns 100,806 shares of the technology company's stock worth $4,615,000 after purchasing an additional 29,543 shares during the period. Finally, Vanguard Group Inc. grew its position in Rapid7 by 2.2% during the 3rd quarter. Vanguard Group Inc. now owns 7,041,011 shares of the technology company's stock worth $322,337,000 after purchasing an additional 148,440 shares during the last quarter. Hedge funds and other institutional investors own 95.66% of the company's stock.
About Rapid7
(
Get Free Report)
Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.
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