Rapid7, Inc. (NASDAQ:RPD) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd lessened its stake in Rapid7, Inc. (NASDAQ:RPD - Free Report) by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 128,571 shares of the technology company's stock after selling 16,293 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned 0.20% of Rapid7 worth $5,172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RPD. Intech Investment Management LLC bought a new stake in Rapid7 during the 3rd quarter valued at $695,000. Charles Schwab Investment Management Inc. lifted its stake in Rapid7 by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 511,088 shares of the technology company's stock worth $20,387,000 after acquiring an additional 9,190 shares during the period. Quantbot Technologies LP grew its holdings in Rapid7 by 1,276.4% during the 3rd quarter. Quantbot Technologies LP now owns 44,360 shares of the technology company's stock worth $1,770,000 after acquiring an additional 41,137 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its position in Rapid7 by 102.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 187,500 shares of the technology company's stock valued at $7,479,000 after purchasing an additional 94,800 shares during the period. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of Rapid7 in the 3rd quarter valued at about $69,000. Institutional investors own 95.66% of the company's stock.

Rapid7 Price Performance

RPD traded down $1.44 on Monday, reaching $26.15. 292,782 shares of the stock were exchanged, compared to its average volume of 845,910. The company's 50-day moving average price is $33.10 and its 200 day moving average price is $37.37. The firm has a market capitalization of $1.67 billion, a PE ratio of 67.17 and a beta of 0.92. Rapid7, Inc. has a fifty-two week low of $26.00 and a fifty-two week high of $50.55.

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Rapid7 (NASDAQ:RPD - Get Free Report) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.12 EPS 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%. As a group, equities analysts forecast that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RPD has been the topic of a number of recent research reports. Stifel Nicolaus dropped their price objective on shares of Rapid7 from $42.00 to $38.00 and set a "hold" rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group dropped their target price on Rapid7 from $50.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Scotiabank reduced their price target on Rapid7 from $42.00 to $38.00 and set a "sector perform" rating for the company in a research report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on Rapid7 from $42.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Finally, Morgan Stanley began coverage on shares of Rapid7 in a report on Tuesday, March 18th. They issued an "equal weight" rating and a $33.00 target price for the company. Fifteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $39.94.

Insider Activity

In other Rapid7 news, CEO Corey E. Thomas sold 100,000 shares of Rapid7 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 completion of the transaction, the chief executive officer now owns 431,469 shares in the company, valued at approximately $16,991,249.22. This trade represents a 18.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 2.60% of the company's stock.

About Rapid7

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.