Rapid7, Inc. (NASDAQ:RPD) Chairman Alan Matthews sold 52,770 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $17.22, for a total transaction of $908,699.40. Following the completion of the transaction, the chairman now directly owns 3,152,177 shares of the company’s stock, valued at approximately $54,280,487.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Rapid7, Inc. (NASDAQ:RPD) opened at 16.69 on Monday. Rapid7, Inc. has a one year low of $10.63 and a one year high of $19.29. The stock’s market cap is $719.52 million. The company’s 50 day moving average is $17.31 and its 200 day moving average is $16.23.
Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Monday, August 7th. The technology company reported ($0.26) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.30) by $0.04. The firm had revenue of $47.44 million during the quarter, compared to analysts’ expectations of $46.31 million. Rapid7 had a negative net margin of 23.67% and a negative return on equity of 98.26%. Rapid7’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.22) EPS. On average, equities research analysts expect that Rapid7, Inc. will post ($0.62) EPS for the current year.
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A number of research firms have issued reports on RPD. Susquehanna Bancshares Inc began coverage on shares of Rapid7 in a report on Wednesday, June 7th. They issued a “neutral” rating and a $20.00 price target for the company. Monness Crespi & Hardt began coverage on shares of Rapid7 in a report on Tuesday, May 30th. They issued a “buy” rating and a $23.00 price target for the company. Zacks Investment Research cut shares of Rapid7 from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Northland Securities reaffirmed a “buy” rating and issued a $23.00 price target on shares of Rapid7 in a report on Friday, July 14th. Finally, BidaskClub raised shares of Rapid7 from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $19.50.
A number of large investors have recently modified their holdings of RPD. Strs Ohio boosted its stake in Rapid7 by 38.4% during the 1st quarter. Strs Ohio now owns 44,000 shares of the technology company’s stock worth $659,000 after purchasing an additional 12,200 shares during the period. US Bancorp DE boosted its stake in Rapid7 by 594.0% during the 1st quarter. US Bancorp DE now owns 10,965 shares of the technology company’s stock worth $165,000 after purchasing an additional 9,385 shares during the period. Swiss National Bank boosted its stake in Rapid7 by 21.5% during the 1st quarter. Swiss National Bank now owns 24,300 shares of the technology company’s stock worth $364,000 after purchasing an additional 4,300 shares during the period. TFS Capital LLC acquired a new stake in Rapid7 during the 1st quarter worth $169,000. Finally, Oxford Asset Management acquired a new stake in Rapid7 during the 1st quarter worth $293,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.
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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