Rapid7 Inc. (NASDAQ:RPD) insider Corey E. Thomas sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $18.05, for a total value of $451,250.00. Following the completion of the transaction, the insider now directly owns 194,757 shares of the company’s stock, valued at $3,515,363.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Rapid7 Inc. (NASDAQ:RPD) opened at 16.62 on Friday. Rapid7 Inc. has a 52-week low of $9.05 and a 52-week high of $23.62. The stock’s market cap is $675.32 million. The firm’s 50-day moving average price is $17.59 and its 200-day moving average price is $14.22.
Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.02. Rapid7 had a negative return on equity of 100.88% and a negative net margin of 46.51%. The company earned $37.30 million during the quarter, compared to the consensus estimate of $36.29 million. During the same quarter in the prior year, the firm earned ($0.61) EPS. The company’s quarterly revenue was up 44.6% compared to the same quarter last year. On average, equities research analysts forecast that Rapid7 Inc. will post ($0.90) earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Rapid7 by 28.2% in the second quarter. Vanguard Group Inc. now owns 1,036,961 shares of the company’s stock worth $13,046,000 after buying an additional 227,869 shares during the period. Westfield Capital Management Co. LP increased its stake in shares of Rapid7 by 6.5% in the second quarter. Westfield Capital Management Co. LP now owns 808,573 shares of the company’s stock worth $10,172,000 after buying an additional 49,030 shares during the period. Granahan Investment Management Inc. MA increased its stake in shares of Rapid7 by 153.0% in the first quarter. Granahan Investment Management Inc. MA now owns 489,600 shares of the company’s stock worth $6,399,000 after buying an additional 296,100 shares during the period. BlackRock Fund Advisors increased its stake in shares of Rapid7 by 149.7% in the second quarter. BlackRock Fund Advisors now owns 470,872 shares of the company’s stock worth $5,924,000 after buying an additional 282,298 shares during the period. Finally, Polaris Venture Management Co. VI L.L.C. bought a new stake in shares of Rapid7 during the first quarter worth approximately $5,906,000. Institutional investors own 67.37% of the company’s stock.
RPD has been the subject of a number of analyst reports. Barclays PLC set a $17.00 price target on Rapid7 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Cowen and Company reaffirmed a “buy” rating on shares of Rapid7 in a research report on Sunday, June 26th. Rosenblatt Securities assumed coverage on Rapid7 in a research report on Friday, August 26th. They issued a “buy” rating and a $23.00 price objective for the company. Zacks Investment Research raised Rapid7 from a “sell” rating to a “hold” rating in a research report on Friday, July 1st. Finally, Macquarie assumed coverage on Rapid7 in a research report on Friday, July 8th. They issued a “neutral” rating and a $16.00 price objective for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $20.67.
Rapid7, Inc is a provider of security data and analytics solutions that enable organizations to implement an active approach to cyber security. The Company’s Rapid7 Insight Platform is a security data and analytics platform that provides solutions to cyber security that enables organizations to find and eliminate critical weaknesses and detect attacks in their information technology (IT) environments.
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