EFG Asset Management North America Corp. Grows Position in Rapid7, Inc. (NASDAQ:RPD)

EFG Asset Management North America Corp. boosted its stake in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 112.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 58,383 shares of the technology company's stock after purchasing an additional 30,897 shares during the period. EFG Asset Management North America Corp. owned about 0.09% of Rapid7 worth $2,350,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ raised its holdings in Rapid7 by 68.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,116 shares of the technology company's stock valued at $46,000 after acquiring an additional 455 shares during the period. Pacer Advisors Inc. boosted its stake in Rapid7 by 30.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company's stock worth $60,000 after purchasing an additional 347 shares during the period. RPg Family Wealth Advisory LLC bought a new position in shares of Rapid7 during the third quarter worth $69,000. KBC Group NV grew its holdings in shares of Rapid7 by 47.7% in the fourth quarter. KBC Group NV now owns 2,686 shares of the technology company's stock valued at $108,000 after purchasing an additional 867 shares in the last quarter. Finally, FORA Capital LLC bought a new stake in Rapid7 in the third quarter worth $209,000. Institutional investors own 95.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on RPD shares. Citigroup dropped their price objective on shares of Rapid7 from $46.00 to $44.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. DA Davidson reduced their price objective on Rapid7 from $35.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Morgan Stanley assumed coverage on Rapid7 in a research report on Tuesday, March 18th. They set an "equal weight" rating and a $33.00 target price for the company. Scotiabank decreased their price target on shares of Rapid7 from $42.00 to $38.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. Finally, UBS Group lowered their price target on shares of Rapid7 from $52.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Rapid7 has a consensus rating of "Hold" and a consensus target price of $39.94.

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Rapid7 Stock Performance

Shares of RPD stock traded down $1.12 during trading hours on Friday, reaching $27.59. The company had a trading volume of 575,211 shares, compared to its average volume of 848,024. Rapid7, Inc. has a 12-month low of $26.77 and a 12-month high of $50.55. The stock has a fifty day moving average of $33.10 and a 200-day moving average of $37.35. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 70.74 and a beta of 0.92.

Rapid7 (NASDAQ:RPD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate 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, analysts forecast that Rapid7, Inc. will post 0.35 EPS for the current year.

Insider Transactions at Rapid7

In other news, CEO Corey E. Thomas sold 100,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $39.38, for a total transaction of $3,938,000.00. Following the sale, the chief executive officer now owns 431,469 shares of the company's stock, valued at approximately $16,991,249.22. This trade represents a 18.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.60% of the company's stock.

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.