Rapid7 Inc (NASDAQ:RPD) insider Christina Luconi sold 8,290 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $47.51, for a total value of $393,857.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
RPD opened at $48.49 on Friday. Rapid7 Inc has a 1 year low of $23.14 and a 1 year high of $49.62. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of -48.01 and a beta of 1.18. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.51 and a current ratio of 1.51.
Rapid7 (NASDAQ:RPD) last announced its earnings results on Thursday, February 7th. The technology company reported ($0.05) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.04. The business had revenue of $70.64 million during the quarter, compared to the consensus estimate of $66.66 million. Rapid7 had a negative return on equity of 57.61% and a negative net margin of 22.76%. The business’s quarterly revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the company posted ($0.17) EPS. Sell-side analysts predict that Rapid7 Inc will post -0.51 EPS for the current fiscal year.
A number of equities research analysts have recently commented on RPD shares. DA Davidson increased their price objective on Rapid7 to $40.00 and gave the company a “neutral” rating in a research report on Friday, February 8th. They noted that the move was a valuation call. Monness Crespi & Hardt reaffirmed a “buy” rating and issued a $49.00 price target (up from $41.00) on shares of Rapid7 in a research report on Friday, February 8th. Macquarie raised Rapid7 from a “neutral” rating to an “outperform” rating in a research report on Monday. Raymond James upgraded shares of Rapid7 from an “outperform” rating to a “strong-buy” rating and raised their price target for the stock from $39.00 to $45.00 in a research note on Tuesday, January 29th. Finally, BidaskClub lowered shares of Rapid7 from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Three research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $41.43.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Natixis Advisors L.P. increased its holdings in shares of Rapid7 by 2.1% in the 4th quarter. Natixis Advisors L.P. now owns 12,767 shares of the technology company’s stock valued at $397,000 after acquiring an additional 257 shares during the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Rapid7 by 3.8% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 15,912 shares of the technology company’s stock worth $496,000 after purchasing an additional 581 shares during the last quarter. Squarepoint Ops LLC raised its holdings in Rapid7 by 2.2% during the fourth quarter. Squarepoint Ops LLC now owns 28,931 shares of the technology company’s stock worth $901,000 after purchasing an additional 617 shares during the last quarter. State Board of Administration of Florida Retirement System raised its holdings in shares of Rapid7 by 4.2% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 15,204 shares of the technology company’s stock worth $474,000 after acquiring an additional 619 shares during the last quarter. Finally, Wade G W & Inc. raised its holdings in shares of Rapid7 by 12.6% in the fourth quarter. Wade G W & Inc. now owns 8,937 shares of the technology company’s stock worth $278,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 87.34% of the company’s stock.
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Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enables customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.
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