Rapid7, Inc. (NASDAQ:RPD) Stock Holdings Lifted by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co grew its stake in Rapid7, Inc. (NASDAQ:RPD - Free Report) by 7.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 305,357 shares of the technology company's stock after acquiring an additional 22,043 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.48% of Rapid7 worth $12,284,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Canada Pension Plan Investment Board raised its holdings in Rapid7 by 31.7% in the 4th quarter. Canada Pension Plan Investment Board now owns 89,300 shares of the technology company's stock valued at $3,593,000 after acquiring an additional 21,500 shares during the last quarter. Marshall Wace LLP grew its position in shares of Rapid7 by 144.2% in the fourth quarter. Marshall Wace LLP now owns 475,695 shares of the technology company's stock valued at $19,137,000 after purchasing an additional 280,913 shares during the period. Quinn Opportunity Partners LLC grew its position in shares of Rapid7 by 22.9% in the fourth quarter. Quinn Opportunity Partners LLC now owns 128,797 shares of the technology company's stock valued at $5,182,000 after purchasing an additional 24,000 shares during the period. CenterBook Partners LP acquired a new position in Rapid7 in the fourth quarter valued at $739,000. Finally, Bank of Nova Scotia lifted its position in Rapid7 by 8.0% during the fourth quarter. Bank of Nova Scotia now owns 129,150 shares of the technology company's stock worth $5,196,000 after buying an additional 9,570 shares during the period. Institutional investors and hedge funds own 95.66% of the company's stock.

Insider Buying and Selling at Rapid7

In other news, insider Christina Luconi sold 12,551 shares of Rapid7 stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $23.12, for a total value of $290,179.12. Following the completion of the transaction, the insider now owns 58,165 shares in the company, valued at approximately $1,344,774.80. This trade represents a 17.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays dropped their price objective on shares of Rapid7 from $35.00 to $26.00 and set an "equal weight" rating for the company in a research note on Monday, April 14th. Robert W. Baird cut their price target on shares of Rapid7 from $43.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group lowered their price objective on shares of Rapid7 from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Citigroup cut their target price on Rapid7 from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Finally, Stifel Nicolaus lowered their price target on Rapid7 from $42.00 to $38.00 and set a "hold" rating for the company in a research report on Thursday, February 13th. Fifteen equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $37.32.

Rapid7 Trading Up 1.2 %

NASDAQ:RPD traded up $0.29 on Friday, reaching $24.07. The stock had a trading volume of 579,380 shares, compared to its average volume of 884,323. Rapid7, Inc. has a 12-month low of $21.61 and a 12-month high of $46.84. The stock has a market cap of $1.54 billion, a P/E ratio of 61.72 and a beta of 0.99. The company has a 50-day moving average of $27.10 and a 200 day moving average of $35.54.

Rapid7 (NASDAQ:RPD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.38). Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. On average, equities analysts predict that Rapid7, Inc. will post 0.35 EPS for the current year.

Rapid7 Profile

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.