Marshall Wace LLP Buys 280,913 Shares of Rapid7, Inc. (NASDAQ:RPD)

Marshall Wace LLP lifted its stake in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 144.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 475,695 shares of the technology company's stock after purchasing an additional 280,913 shares during the quarter. Marshall Wace LLP owned 0.75% of Rapid7 worth $19,137,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RPD. Skandinaviska Enskilda Banken AB publ lifted its position in Rapid7 by 68.8% in the 4th 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 in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Rapid7 by 30.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company's stock valued at $60,000 after purchasing an additional 347 shares during the period. KBC Group NV increased its position in Rapid7 by 47.7% during the 4th 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 during the period. Cibc World Markets Corp bought a new stake in shares of Rapid7 in the 4th quarter worth approximately $233,000. Finally, Versor Investments LP bought a new stake in shares of Rapid7 in the 4th quarter worth $266,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Mizuho set a $30.00 price objective on shares of Rapid7 in a research report on Wednesday, April 16th. UBS Group reduced their target price on shares of Rapid7 from $52.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Morgan Stanley reduced their price objective on Rapid7 from $33.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Truist Financial reduced their target price on Rapid7 from $38.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, February 13th. Finally, Scotiabank decreased their price objective on Rapid7 from $42.00 to $38.00 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. Fifteen investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $37.32.

Insider Buying and Selling

In other Rapid7 news, insider Christina Luconi sold 12,551 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $23.12, for a total transaction of $290,179.12. Following the completion of the sale, the insider now directly 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 SEC, which is accessible through this link. 2.60% of the stock is owned by company insiders.

Rapid7 Price Performance

Shares of Rapid7 stock traded up $0.22 during trading hours on Friday, hitting $24.00. The company's stock had a trading volume of 184,094 shares, compared to its average volume of 882,818. Rapid7, Inc. has a 12 month low of $21.61 and a 12 month high of $46.84. The stock has a 50 day moving average of $27.10 and a 200 day moving average of $35.54. The company has a market capitalization of $1.54 billion, a PE ratio of 61.37 and a beta of 0.99.

Rapid7 (NASDAQ:RPD - Get Free Report) last issued its earnings results 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 negative return on equity of 130.41% and a net margin of 3.46%. Equities analysts expect 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.