Rapid7 (NASDAQ:RPD)’s share price hit a new 52-week high and low during trading on Wednesday . The stock traded as low as $28.73 and last traded at $28.05, with a volume of 119096 shares traded. The stock had previously closed at $28.19.
RPD has been the subject of several research analyst reports. BidaskClub lowered shares of Rapid7 from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. ValuEngine raised shares of Rapid7 from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised shares of Rapid7 from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Saturday, January 13th. Northland Securities set a $28.00 price target on shares of Rapid7 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Finally, Susquehanna Bancshares upped their price target on shares of Rapid7 from $22.00 to $28.00 and gave the stock a “positive” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $27.46.
The stock has a market capitalization of $1,260.79, a PE ratio of -26.51 and a beta of 0.89.
Rapid7 (NASDAQ:RPD) last released its quarterly earnings data 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). Rapid7 had a negative return on equity of 141.69% and a negative net margin of 22.63%. The business had revenue of $57.73 million during the quarter, compared to analyst estimates of $57.39 million. During the same period in the previous year, the company earned ($0.13) EPS. Rapid7’s revenue was up 28.2% on a year-over-year basis. equities analysts predict that Rapid7 will post -0.98 EPS for the current year.
In other news, major shareholder Bain Capital Venture Investors sold 2,000,000 shares of the stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $21.01, for a total value of $42,020,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Alan Matthews sold 20,000 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $23.93, for a total transaction of $478,600.00. The disclosure for this sale can be found here. Insiders sold 3,364,381 shares of company stock valued at $76,061,950 in the last three months. Company insiders own 56.90% of the company’s stock.
Several hedge funds have recently made changes to their positions in RPD. Crow Point Partners LLC purchased a new position in shares of Rapid7 in the fourth quarter valued at $119,000. Fortaleza Asset Management Inc. purchased a new position in shares of Rapid7 in the fourth quarter valued at $160,000. MetLife Investment Advisors LLC purchased a new position in shares of Rapid7 in the fourth quarter valued at $190,000. Hamilton Lane Advisors LLC purchased a new position in shares of Rapid7 in the fourth quarter valued at $207,000. Finally, Ardsley Advisory Partners purchased a new position in shares of Rapid7 in the fourth quarter valued at $224,000. Institutional investors and hedge funds own 67.93% of the company’s stock.
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Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enables customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.
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