Rapid7, Inc. (NASDAQ:RPD - Get Free Report) CEO Corey E. Thomas sold 100,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $39.38, for a total transaction of $3,938,000.00. Following the completion of the transaction, the chief executive officer now owns 431,469 shares of the company's stock, valued at $16,991,249.22. This represents a 18.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Rapid7 Stock Performance
RPD stock opened at $38.90 on Friday. The company has a 50 day moving average price of $40.54 and a two-hundred day moving average price of $39.03. The stock has a market capitalization of $2.46 billion, a P/E ratio of 61.75 and a beta of 0.96. Rapid7, Inc. has a one year low of $32.94 and a one year high of $61.88.
Rapid7 (NASDAQ:RPD - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.66 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.14. Rapid7 had a negative return on equity of 128.95% and a net margin of 5.65%. The business had revenue of $214.65 million during the quarter, compared to the consensus estimate of $210.04 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The business's revenue for the quarter was up 8.0% on a year-over-year basis. Research analysts forecast that Rapid7, Inc. will post 0.98 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on RPD. StockNews.com raised shares of Rapid7 from a "hold" rating to a "buy" rating in a report on Friday, December 6th. Truist Financial dropped their price objective on Rapid7 from $40.00 to $38.00 and set a "hold" rating for the company in a research note on Thursday, November 7th. UBS Group decreased their target price on Rapid7 from $59.00 to $52.00 and set a "buy" rating on the stock in a research report on Thursday, November 7th. Stifel Nicolaus restated a "hold" rating and issued a $42.00 price target (down previously from $48.00) on shares of Rapid7 in a research report on Friday, January 17th. Finally, Piper Sandler decreased their price objective on shares of Rapid7 from $42.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, November 7th. Fifteen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $43.76.
Read Our Latest Research Report on Rapid7
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Point72 Asset Management L.P. grew its holdings in Rapid7 by 252.0% in the second quarter. Point72 Asset Management L.P. now owns 3,799,119 shares of the technology company's stock valued at $164,236,000 after purchasing an additional 2,719,791 shares during the period. Harbor Capital Advisors Inc. boosted its holdings in shares of Rapid7 by 259.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 288,965 shares of the technology company's stock valued at $11,625,000 after purchasing an additional 208,501 shares during the last quarter. Invenomic Capital Management LP purchased a new stake in shares of Rapid7 during the 3rd quarter valued at $6,647,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Rapid7 during the 2nd quarter worth $6,106,000. Finally, Thematics Asset Management raised its position in shares of Rapid7 by 33.0% in the 3rd quarter. Thematics Asset Management now owns 399,000 shares of the technology company's stock worth $15,916,000 after buying an additional 99,000 shares during the period. 95.66% of the stock is currently owned by hedge funds and other institutional investors.
Rapid7 Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.