Rapid7 Inc (NASDAQ:RPD) Chairman Alan Matthews sold 20,000 shares of the company’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $23.93, for a total value of $478,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Alan Matthews also recently made the following trade(s):
- On Wednesday, January 17th, Alan Matthews sold 20,000 shares of Rapid7 stock. The stock was sold at an average price of $22.06, for a total value of $441,200.00.
- On Friday, January 5th, Alan Matthews sold 20,000 shares of Rapid7 stock. The stock was sold at an average price of $20.00, for a total value of $400,000.00.
Rapid7 Inc (RPD) opened at $24.09 on Thursday. Rapid7 Inc has a fifty-two week low of $13.42 and a fifty-two week high of $25.95. The stock has a market capitalization of $1,110.00 and a PE ratio of -22.51.
Rapid7 (NASDAQ:RPD) last issued its earnings results on Monday, February 12th. The technology company reported ($0.29) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.11). The company had revenue of $57.73 million for the quarter, compared to analysts’ expectations of $57.39 million. Rapid7 had a negative net margin of 22.63% and a negative return on equity of 130.89%. The company’s revenue was up 28.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.13) earnings per share. analysts expect that Rapid7 Inc will post -1 EPS for the current year.
A number of research firms have recently issued reports on RPD. Rosenblatt Securities reiterated a “buy” rating and issued a $23.00 price objective on shares of Rapid7 in a report on Thursday, December 14th. Monness Crespi & Hardt reiterated a “buy” rating and issued a $27.00 price objective (up from $23.00) on shares of Rapid7 in a report on Tuesday, February 13th. Northland Securities set a $28.00 price objective on Rapid7 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Zacks Investment Research cut Rapid7 from a “buy” rating to a “hold” rating in a report on Friday, January 19th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $30.00 price objective on shares of Rapid7 in a report on Friday, January 26th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Rapid7 has a consensus rating of “Buy” and an average target price of $24.95.
A number of hedge funds have recently modified their holdings of RPD. Crow Point Partners LLC purchased a new stake in Rapid7 during the 4th quarter valued at about $119,000. Fortaleza Asset Management Inc. purchased a new stake in Rapid7 during the 4th quarter valued at about $160,000. Citigroup Inc. boosted its holdings in Rapid7 by 1,398.9% during the 2nd quarter. Citigroup Inc. now owns 9,788 shares of the technology company’s stock valued at $165,000 after acquiring an additional 9,135 shares during the period. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Rapid7 during the 3rd quarter valued at about $187,000. Finally, MetLife Investment Advisors LLC purchased a new stake in Rapid7 during the 4th quarter valued at about $190,000. Institutional investors own 71.61% of the company’s stock.
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Rapid7 Company Profile
Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.
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