Rapid7 Inc (NASDAQ:RPD) insider Christina Luconi sold 3,087 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $53.75, for a total transaction of $165,926.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Shares of RPD opened at $54.43 on Thursday. The firm has a 50-day moving average price of $59.71 and a 200 day moving average price of $52.74. The firm has a market capitalization of $2.61 billion, a PE ratio of -53.89 and a beta of 1.18. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 2.87. Rapid7 Inc has a 52-week low of $26.27 and a 52-week high of $66.01.
Rapid7 (NASDAQ:RPD) last announced its earnings results on Thursday, August 1st. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.26. The firm had revenue of $78.96 million during the quarter, compared to analyst estimates of $75.14 million. Rapid7 had a negative net margin of 17.63% and a negative return on equity of 39.52%. Rapid7’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.13) EPS. On average, equities analysts expect that Rapid7 Inc will post -0.62 EPS for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in RPD. Harvest Group Wealth Management LLC acquired a new stake in Rapid7 in the 1st quarter valued at about $25,000. Private Capital Group LLC lifted its holdings in Rapid7 by 80.4% in the 1st quarter. Private Capital Group LLC now owns 745 shares of the technology company’s stock valued at $38,000 after acquiring an additional 332 shares during the last quarter. Signaturefd LLC acquired a new stake in Rapid7 in the 2nd quarter valued at about $46,000. FNY Investment Advisers LLC acquired a new stake in Rapid7 in the 2nd quarter valued at about $57,000. Finally, Ladenburg Thalmann Financial Services Inc. lifted its holdings in Rapid7 by 26.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the technology company’s stock valued at $61,000 after acquiring an additional 217 shares during the last quarter. Hedge funds and other institutional investors own 88.88% of the company’s stock.
Several equities analysts have recently commented on RPD shares. Morgan Stanley upped their price target on shares of Rapid7 from $51.00 to $61.00 and gave the stock an “equal weight” rating in a research report on Friday, August 2nd. Northland Securities set a $75.00 price target on shares of Rapid7 and gave the stock a “buy” rating in a research report on Monday, July 15th. Needham & Company LLC upped their price target on shares of Rapid7 from $60.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Barclays restated a “buy” rating and set a $69.00 price target on shares of Rapid7 in a research report on Thursday, July 18th. Finally, Cowen started coverage on shares of Rapid7 in a research report on Thursday, May 23rd. They set an “outperform” rating and a $63.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $62.24.
Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enable 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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