According to Zacks, “Rapid7, Inc. offers security data and analytics solutions. The Company provides solutions which consist of threat exposure management, incident detection and response solutions as well as security advisory services. Rapid7, Inc. is based in Boston, United States. “
RPD has been the topic of several other reports. Macquarie assumed coverage on shares of Rapid7 in a report on Friday, July 8th. They set a neutral rating and a $16.00 price objective on the stock. Barclays PLC set a $17.00 price objective on shares of Rapid7 and gave the company a buy rating in a report on Tuesday, August 9th. Rosenblatt Securities assumed coverage on shares of Rapid7 in a report on Friday, August 26th. They set a buy rating and a $23.00 price objective on the stock. Finally, Cowen and Company reaffirmed a buy rating on shares of Rapid7 in a report on Sunday, June 26th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $19.43.
Rapid7 (NASDAQ:RPD) opened at 16.11 on Wednesday. Rapid7 has a 1-year low of $9.05 and a 1-year high of $22.14. The stock’s market capitalization is $654.60 million. The company’s 50 day moving average is $17.25 and its 200-day moving average is $14.32.
Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The business had revenue of $37.30 million for the quarter, compared to the consensus estimate of $36.29 million. Rapid7 had a negative net margin of 46.51% and a negative return on equity of 100.88%. The company’s revenue was up 44.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.61) earnings per share. Analysts forecast that Rapid7 will post ($0.90) earnings per share for the current fiscal year.
In related news, insider Lee David Weiner sold 15,000 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $18.29, for a total transaction of $274,350.00. Following the completion of the sale, the insider now directly owns 44,843 shares in the company, valued at $820,178.47. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Corey E. Thomas sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $18.05, for a total transaction of $451,250.00. Following the sale, the insider now owns 194,757 shares of the company’s stock, valued at $3,515,363.85. The disclosure for this sale can be found here. 55.30% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. Polaris Venture Management Co. VI L.L.C. bought a new stake in shares of Rapid7 during the first quarter worth $5,906,000. Granahan Investment Management Inc. MA boosted 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 in the last quarter. BlackRock Fund Advisors boosted 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 in the last quarter. Polar Capital LLP bought a new stake in shares of Rapid7 during the second quarter worth $3,203,000. Finally, Vanguard Group Inc. boosted 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 in the last quarter. Hedge funds and other institutional investors own 67.39% of the company’s stock.
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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