Rapid7 Inc (NASDAQ:RPD) insider Lee David Weiner sold 18,541 shares of Rapid7 stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $27.02, for a total transaction of $500,977.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Rapid7 Inc (NASDAQ:RPD) traded down $0.74 during midday trading on Friday, reaching $26.08. 878,836 shares of the company traded hands, compared to its average volume of 498,109. The company has a market capitalization of $1,252.97, a price-to-earnings ratio of -25.34 and a beta of 0.87. Rapid7 Inc has a 12 month low of $13.42 and a 12 month high of $28.18.
Rapid7 (NASDAQ:RPD) last announced its earnings results on Monday, February 12th. The technology company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.11). The business had revenue of $57.73 million for the quarter, compared to the consensus estimate of $57.39 million. Rapid7 had a negative net margin of 22.63% and a negative return on equity of 141.69%. The business’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.13) earnings per share. analysts forecast that Rapid7 Inc will post -0.97 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Crow Point Partners LLC purchased a new position in Rapid7 during the fourth quarter valued at approximately $119,000. Fortaleza Asset Management Inc. purchased a new position in Rapid7 during the fourth quarter valued at approximately $160,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Rapid7 during the third quarter valued at approximately $187,000. MetLife Investment Advisors LLC purchased a new position in Rapid7 during the fourth quarter valued at approximately $190,000. Finally, Hamilton Lane Advisors LLC purchased a new position in Rapid7 during the fourth quarter valued at approximately $207,000. Institutional investors own 67.77% of the company’s stock.
A number of brokerages have recently commented on RPD. BidaskClub upgraded shares of Rapid7 from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine upgraded shares of Rapid7 from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Northland Securities set a $28.00 price target on shares of Rapid7 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Needham & Company LLC restated a “buy” rating and set a $30.00 target price (up from $23.00) on shares of Rapid7 in a research report on Monday, February 12th. Finally, Morgan Stanley boosted their target price on shares of Rapid7 from $20.00 to $23.00 and gave the company an “equal weight” rating in a research report on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $25.54.
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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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