Rapid7, Inc. (NASDAQ:RPD) Insider Sells $290,179.12 in Stock

Rapid7, Inc. (NASDAQ:RPD) insider Christina Luconi sold 12,551 shares of the business’s stock in a transaction on Monday, April 7th. The shares were sold at an average price of $23.12, for a total transaction of $290,179.12. Following the completion of the transaction, the insider now directly owns 58,165 shares in the company, valued at $1,344,774.80. This represents a 17.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Rapid7 Trading Up 3.5 %

Shares of NASDAQ RPD opened at $23.57 on Friday. The business has a 50 day simple moving average of $29.66 and a 200-day simple moving average of $36.49. Rapid7, Inc. has a twelve month low of $22.08 and a twelve month high of $49.88. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 60.44 and a beta of 0.99.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts predict that Rapid7, Inc. will post 0.35 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. E. Ohman J or Asset Management AB raised its stake in shares of Rapid7 by 19.3% during the first quarter. E. Ohman J or Asset Management AB now owns 41,755 shares of the technology company’s stock valued at $1,107,000 after purchasing an additional 6,755 shares in the last quarter. Green Alpha Advisors LLC increased its stake in Rapid7 by 88.2% during the 1st quarter. Green Alpha Advisors LLC now owns 26,249 shares of the technology company’s stock valued at $696,000 after buying an additional 12,300 shares during the period. Rhumbline Advisers raised its position in shares of Rapid7 by 2.5% during the 1st quarter. Rhumbline Advisers now owns 91,191 shares of the technology company’s stock worth $2,417,000 after buying an additional 2,262 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Rapid7 by 2,069.2% in the 1st quarter. GAMMA Investing LLC now owns 5,488 shares of the technology company’s stock worth $145,000 after acquiring an additional 5,235 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Rapid7 by 5,311.1% in the first quarter. Versant Capital Management Inc now owns 1,461 shares of the technology company’s stock valued at $39,000 after acquiring an additional 1,434 shares in the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RPD has been the topic of a number of recent analyst reports. Scotiabank dropped their price target on shares of Rapid7 from $42.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 13th. UBS Group dropped their target price on Rapid7 from $52.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Raymond James reduced their price target on Rapid7 from $55.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. StockNews.com raised Rapid7 from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Truist Financial reduced their target price on Rapid7 from $38.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, February 13th. Fifteen investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.05.

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.