Rapid7 Inc (NASDAQ:RPD) Director Michael J. Berry sold 60,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 5th. The shares were sold at an average price of $32.67, for a total value of $1,960,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Rapid7 traded up $0.54, reaching $33.91, during trading hours on Thursday, Marketbeat.com reports. 459,100 shares of the company’s stock were exchanged, compared to its average volume of 431,299. Rapid7 Inc has a fifty-two week low of $14.74 and a fifty-two week high of $33.92. The firm has a market cap of $1.48 billion, a PE ratio of -31.78 and a beta of 0.92.
Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Tuesday, May 8th. The technology company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. Rapid7 had a negative return on equity of 122.32% and a negative net margin of 24.40%. The company had revenue of $54.52 million during the quarter, compared to analyst estimates of $52.23 million. During the same period in the previous year, the company earned ($0.14) earnings per share. The company’s quarterly revenue was up 20.5% compared to the same quarter last year. equities analysts expect that Rapid7 Inc will post -0.97 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. EAM Global Investors LLC acquired a new position in shares of Rapid7 during the first quarter worth approximately $1,300,000. Suntrust Banks Inc. acquired a new position in shares of Rapid7 during the first quarter worth approximately $1,382,000. Allianz Asset Management GmbH lifted its holdings in shares of Rapid7 by 535.4% during the first quarter. Allianz Asset Management GmbH now owns 327,900 shares of the technology company’s stock worth $8,384,000 after buying an additional 276,293 shares during the last quarter. Wesbanco Bank Inc. acquired a new position in shares of Rapid7 during the first quarter worth approximately $1,211,000. Finally, Royal Bank of Canada lifted its holdings in shares of Rapid7 by 336.6% during the first quarter. Royal Bank of Canada now owns 27,042 shares of the technology company’s stock worth $691,000 after buying an additional 20,848 shares during the last quarter. Institutional investors own 77.10% of the company’s stock.
Several equities research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Rapid7 from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, May 9th. Barclays reissued a “buy” rating and issued a $36.00 price target on shares of Rapid7 in a research note on Thursday, May 10th. Morgan Stanley boosted their target price on Rapid7 from $23.00 to $30.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 9th. Needham & Company LLC boosted their target price on Rapid7 from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, May 10th. Finally, BidaskClub upgraded Rapid7 from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 3rd. One analyst has rated the stock with a sell rating, two have given a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. Rapid7 currently has an average rating of “Buy” and an average target price of $31.07.
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.
Receive News & Ratings for Rapid7 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rapid7 and related companies with MarketBeat.com's FREE daily email newsletter.