Rapid7, Inc. (NASDAQ:RPD)‘s stock had its “buy” rating reaffirmed by KeyCorp in a research note issued to investors on Friday. They currently have a $25.00 price objective on the technology company’s stock. KeyCorp’s target price would suggest a potential upside of 35.35% from the company’s current price.
Several other analysts also recently weighed in on RPD. Zacks Investment Research downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Northland Securities reiterated a “buy” rating and issued a $23.00 target price on shares of Rapid7 in a report on Friday, July 14th. BidaskClub downgraded shares of Rapid7 from a “hold” rating to a “sell” rating in a report on Friday, July 28th. ValuEngine downgraded shares of Rapid7 from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, UBS AG raised shares of Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 target price on the stock in a research report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.19.
Rapid7 (NASDAQ:RPD) opened at 18.47 on Friday. The company’s 50 day moving average is $17.49 and its 200-day moving average is $17.49. Rapid7 has a 52 week low of $10.63 and a 52 week high of $18.65. The firm’s market cap is $796.26 million.
Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Monday, August 7th. The technology company reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Rapid7 had a negative net margin of 23.67% and a negative return on equity of 98.26%. The business had revenue of $47.44 million during the quarter, compared to analyst estimates of $46.31 million. During the same period in the previous year, the business posted ($0.22) EPS. The company’s quarterly revenue was up 27.3% on a year-over-year basis. Equities analysts expect that Rapid7 will post ($0.62) earnings per share for the current year.
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In other news, insider Lee David Weiner sold 20,000 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $17.15, for a total value of $343,000.00. Following the completion of the sale, the insider now directly owns 76,212 shares in the company, valued at $1,307,035.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Alan Matthews sold 52,770 shares of the business’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 sale, the chairman now owns 3,152,177 shares of the company’s stock, valued at $54,280,487.94. The disclosure for this sale can be found here. Insiders sold 93,770 shares of company stock valued at $1,601,139 over the last 90 days. 56.90% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of RPD. ETF Managers Group LLC acquired a new stake in shares of Rapid7 in the second quarter worth $19,395,000. Laurion Capital Management LP acquired a new stake in shares of Rapid7 in the second quarter worth $11,614,000. Wasatch Advisors Inc. lifted its stake in shares of Rapid7 by 51.1% in the second quarter. Wasatch Advisors Inc. now owns 1,975,177 shares of the technology company’s stock worth $33,242,000 after buying an additional 668,273 shares during the last quarter. Frontier Capital Management Co. LLC acquired a new stake in shares of Rapid7 in the second quarter worth $7,473,000. Finally, Marshall Wace North America L.P. acquired a new stake in shares of Rapid7 in the second quarter worth $4,925,000. Institutional investors and hedge funds own 71.01% of the company’s stock.
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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