Rapid7, Inc. (NASDAQ:RPD) Receives Average Rating of “Hold” from Brokerages

Shares of Rapid7, Inc. (NASDAQ:RPD) have earned a consensus rating of “Hold” from the twelve brokerages that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $56.20.

A number of research firms have issued reports on RPD. JPMorgan Chase & Co. cut their target price on Rapid7 from $61.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Barclays lifted their price objective on shares of Rapid7 from $58.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, February 8th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price target on shares of Rapid7 in a report on Thursday, February 8th. StockNews.com downgraded Rapid7 from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Finally, Citigroup raised Rapid7 from a “neutral” rating to a “buy” rating and lifted their target price for the company from $54.00 to $65.00 in a research note on Tuesday, January 9th.

Rapid7 Trading Up 3.2 %

RPD stock opened at $46.17 on Friday. Rapid7 has a 12-month low of $39.49 and a 12-month high of $61.88. The company has a market cap of $2.86 billion, a PE ratio of -18.39 and a beta of 1.01. The stock has a 50-day moving average price of $52.07 and a two-hundred day moving average price of $53.14.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.27. The firm had revenue of $205.27 million for the quarter, compared to analysts’ expectations of $201.52 million. Rapid7 had a negative net margin of 19.19% and a negative return on equity of 1.36%. Equities analysts forecast that Rapid7 will post 0.86 EPS for the current fiscal year.

Insider Transactions at Rapid7

In other Rapid7 news, COO Andrew F. Burton sold 20,653 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $48.73, for a total value of $1,006,420.69. Following the sale, the chief operating officer now owns 236,841 shares of the company’s stock, valued at approximately $11,541,261.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Rapid7 news, COO Andrew F. Burton sold 31,727 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $53.07, for a total value of $1,683,751.89. Following the transaction, the chief operating officer now owns 257,494 shares of the company’s stock, valued at $13,665,206.58. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Andrew F. Burton sold 20,653 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $48.73, for a total transaction of $1,006,420.69. Following the transaction, the chief operating officer now owns 236,841 shares in the company, valued at approximately $11,541,261.93. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new position in Rapid7 in the first quarter valued at about $42,000. International Assets Investment Management LLC raised its position in shares of Rapid7 by 3,367.9% in the 4th quarter. International Assets Investment Management LLC now owns 971 shares of the technology company’s stock valued at $55,000 after acquiring an additional 943 shares during the period. Counterpoint Mutual Funds LLC acquired a new stake in shares of Rapid7 in the 3rd quarter valued at approximately $87,000. Financial Connections Group Inc. acquired a new stake in shares of Rapid7 in the 4th quarter valued at approximately $95,000. Finally, Strs Ohio raised its position in shares of Rapid7 by 100.0% in the 3rd quarter. Strs Ohio now owns 2,600 shares of the technology company’s stock valued at $119,000 after acquiring an additional 1,300 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Rapid7 Company Profile

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.