Rapid7, Inc. (NASDAQ:RPD) insider Lee David Weiner sold 20,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $18.41, for a total value of $368,200.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Lee David Weiner also recently made the following trade(s):
- On Tuesday, October 24th, Lee David Weiner sold 21,125 shares of Rapid7 stock. The stock was sold at an average price of $17.93, for a total value of $378,771.25.
- On Wednesday, September 20th, Lee David Weiner sold 20,000 shares of Rapid7 stock. The stock was sold at an average price of $17.15, for a total value of $343,000.00.
Rapid7, Inc. (NASDAQ:RPD) traded up $0.40 during trading hours on Thursday, hitting $18.90. The company had a trading volume of 166,748 shares, compared to its average volume of 216,008. Rapid7, Inc. has a fifty-two week low of $11.72 and a fifty-two week high of $20.25.
Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. Rapid7 had a negative return on equity of 115.79% and a negative net margin of 22.44%. The business had revenue of $50.50 million for the quarter, compared to analysts’ expectations of $49.87 million. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. The company’s revenue was up 25.3% compared to the same quarter last year. analysts forecast that Rapid7, Inc. will post -1.03 EPS for the current year.
Several large investors have recently added to or reduced their stakes in RPD. ETF Managers Group LLC acquired a new position in shares of Rapid7 in the second quarter worth about $19,395,000. Laurion Capital Management LP acquired a new position in shares of Rapid7 in the second quarter worth about $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 acquiring an additional 668,273 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in shares of Rapid7 in the third quarter worth about $7,896,000. Finally, Frontier Capital Management Co. LLC acquired a new position in shares of Rapid7 in the second quarter worth about $7,473,000. Institutional investors and hedge funds own 70.71% of the company’s stock.
A number of brokerages have commented on RPD. Royal Bank Of Canada boosted their price objective on Rapid7 from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. Needham & Company LLC began coverage on Rapid7 in a research note on Monday, October 23rd. They set a “buy” rating and a $23.00 price objective on the stock. BidaskClub cut Rapid7 from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. KeyCorp restated a “buy” rating and set a $25.00 price objective on shares of Rapid7 in a research note on Friday, October 6th. Finally, Zacks Investment Research cut Rapid7 from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $20.83.
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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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