Rapid7 (NASDAQ:RPD) Sets New 12-Month Low – Time to Sell?

Rapid7, Inc. (NASDAQ:RPD) reached a new 52-week low on Thursday . The company traded as low as $32.73 and last traded at $32.75, with a volume of 61900 shares trading hands. The stock had previously closed at $33.72.

Analysts Set New Price Targets

Several brokerages have issued reports on RPD. StockNews.com lowered Rapid7 from a “buy” rating to a “hold” rating in a research note on Thursday, February 13th. Needham & Company LLC reaffirmed a “hold” rating on shares of Rapid7 in a research note on Thursday, February 13th. Raymond James reduced their price target on shares of Rapid7 from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. DA Davidson boosted their price objective on shares of Rapid7 from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, Jefferies Financial Group reduced their target price on shares of Rapid7 from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Sixteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Rapid7 presently has an average rating of “Hold” and a consensus target price of $41.22.

Rapid7 Stock Performance

The firm has a market capitalization of $2.05 billion, a P/E ratio of 83.12 and a beta of 0.96. The company has a 50-day simple moving average of $38.81 and a two-hundred day simple moving average of $38.77.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.38). Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. As a group, research analysts forecast that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Insider Transactions at Rapid7

In related news, CEO Corey E. Thomas sold 100,000 shares of the company’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $39.38, for a total value of $3,938,000.00. Following the transaction, the chief executive officer now owns 431,469 shares in the company, valued at $16,991,249.22. The trade was a 18.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in RPD. International Assets Investment Management LLC raised its holdings in Rapid7 by 3,888.2% in the 3rd quarter. International Assets Investment Management LLC now owns 678 shares of the technology company’s stock worth $27,000 after acquiring an additional 661 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Rapid7 by 68.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,116 shares of the technology company’s stock valued at $46,000 after buying an additional 455 shares during the last quarter. Pacer Advisors Inc. raised its position in Rapid7 by 30.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company’s stock worth $60,000 after buying an additional 347 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new stake in shares of Rapid7 during the 3rd quarter valued at about $69,000. Finally, Ostrum Asset Management raised its holdings in shares of Rapid7 by 45.3% during the fourth quarter. Ostrum Asset Management now owns 2,478 shares of the technology company’s stock valued at $100,000 after purchasing an additional 772 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

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.