Mackenzie Financial Corp Sells 468 Shares of Rapid7, Inc. (NASDAQ:RPD)

Mackenzie Financial Corp decreased its stake in Rapid7, Inc. (NASDAQ:RPD) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,689 shares of the technology company’s stock after selling 468 shares during the period. Mackenzie Financial Corp’s holdings in Rapid7 were worth $439,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RPD. International Assets Investment Management LLC raised its stake in shares of Rapid7 by 3,367.9% during the fourth 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 last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Rapid7 during the third quarter valued at $87,000. Financial Connections Group Inc. bought a new position in shares of Rapid7 during the fourth quarter valued at $95,000. Strs Ohio raised its stake in shares of Rapid7 by 100.0% during the third 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 last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Rapid7 by 13.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,917 shares of the technology company’s stock valued at $134,000 after acquiring an additional 336 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

Rapid7 Trading Up 0.2 %

NASDAQ:RPD opened at $45.93 on Friday. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of -18.30 and a beta of 1.01. The firm has a fifty day simple moving average of $51.25 and a two-hundred day simple moving average of $53.03. Rapid7, Inc. has a 12 month low of $39.49 and a 12 month high of $61.88.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.27. The business had revenue of $205.27 million during 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 predict that Rapid7, Inc. will post 0.86 earnings per share for the current fiscal year.

Insider Activity

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $70.00 price target on shares of Rapid7 in a research note on Thursday, February 8th. JPMorgan Chase & Co. lowered their target price on shares of Rapid7 from $61.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Barclays lifted their target price on shares of Rapid7 from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 8th. UBS Group raised shares of Rapid7 from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $53.00 to $70.00 in a research note on Monday, January 29th. Finally, StockNews.com downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $55.56.

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.