Rapid7 (NASDAQ:RPD) CEO Buys $200,390.00 in Stock

Rapid7, Inc. (NASDAQ:RPD) CEO Corey Thomas bought 14,500 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average price of $13.82 per share, with a total value of $200,390.00. Following the completion of the transaction, the chief executive officer directly owned 595,066 shares of the company’s stock, valued at $8,223,812.12. This trade represents a 2.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Rapid7 Stock Performance

Shares of RPD stock traded up $0.29 during mid-day trading on Monday, reaching $14.20. 1,257,670 shares of the company’s stock traded hands, compared to its average volume of 915,939. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market capitalization of $929.83 million, a PE ratio of 34.63 and a beta of 0.94. Rapid7, Inc. has a 12 month low of $13.21 and a 12 month high of $44.48. The firm has a 50 day moving average price of $17.63 and a two-hundred day moving average price of $20.69.

Rapid7 (NASDAQ:RPD) last released its earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.12. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%.The company had revenue of $217.96 million for the quarter, compared to the consensus estimate of $216.14 million. During the same period in the previous year, the business earned $0.66 earnings per share. Rapid7’s quarterly revenue was up 1.5% compared to the same quarter last year. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS. Q4 2025 guidance at 0.370-0.44 EPS. On average, research analysts forecast that Rapid7, Inc. will post 0.35 EPS for the current year.

Institutional Investors Weigh In On Rapid7

A number of institutional investors and hedge funds have recently modified their holdings of RPD. Y.D. More Investments Ltd grew its stake in Rapid7 by 12.0% in the 1st quarter. Y.D. More Investments Ltd now owns 5,839 shares of the technology company’s stock worth $171,000 after acquiring an additional 625 shares in the last quarter. Prudential Financial Inc. grew its holdings in Rapid7 by 8.8% during the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company’s stock worth $197,000 after acquiring an additional 690 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Rapid7 by 6.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,427 shares of the technology company’s stock valued at $221,000 after purchasing an additional 732 shares in the last quarter. CI Investments Inc. lifted its position in shares of Rapid7 by 48.4% in the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company’s stock worth $43,000 after purchasing an additional 744 shares during the period. Finally, Nordea Investment Management AB lifted its holdings in Rapid7 by 1.0% during the second quarter. Nordea Investment Management AB now owns 78,294 shares of the technology company’s stock worth $1,808,000 after buying an additional 753 shares during the period. 95.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RPD. Morgan Stanley lowered their price target on Rapid7 from $28.00 to $22.00 and set an “equal weight” rating on the stock in a report on Tuesday, September 2nd. Citigroup lowered their target price on Rapid7 from $35.00 to $30.00 and set a “buy” rating for the company in a research report on Monday, August 18th. Mizuho decreased their price target on shares of Rapid7 from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, August 8th. Royal Bank Of Canada dropped their price objective on shares of Rapid7 from $27.00 to $23.00 and set a “sector perform” rating for the company in a research note on Friday, August 8th. Finally, DA Davidson reduced their target price on shares of Rapid7 from $16.00 to $14.00 and set an “underperform” rating on the stock in a report on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $22.42.

About Rapid7

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.