Analysts Set Rapid7, Inc. (NASDAQ:RPD) PT at $45.44

Shares of Rapid7, Inc. (NASDAQ:RPD - Get Free Report) have received a consensus rating of "Hold" from the nineteen research firms that are covering the stock, MarketBeat Ratings reports. Thirteen research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $45.44.

A number of equities research analysts have recently commented on the company. Robert W. Baird cut Rapid7 from an "outperform" rating to a "neutral" rating and cut their target price for the stock from $56.00 to $45.00 in a research note on Thursday, August 1st. Morgan Stanley reissued an "equal weight" rating and issued a $46.00 target price on shares of Rapid7 in a research note on Wednesday, July 10th. Baird R W cut Rapid7 from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 1st. Canaccord Genuity Group raised Rapid7 from a "hold" rating to a "buy" rating and dropped their price objective for the company from $52.00 to $43.00 in a research report on Wednesday, August 7th. Finally, Royal Bank of Canada cut Rapid7 from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from $50.00 to $40.00 in a research report on Friday, September 20th.

Rapid7 Trading Up 0.6 %

RPD traded up $0.25 during trading on Tuesday, reaching $40.10. The stock had a trading volume of 1,017,131 shares, compared to its average volume of 844,283. The stock's 50 day moving average is $37.77 and its two-hundred day moving average is $38.78. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of -46.76 and a beta of 0.96. Rapid7 has a one year low of $32.94 and a one year high of $61.88.

Rapid7 (NASDAQ:RPD - Get Free Report) last released its earnings results on Tuesday, August 6th. The technology company reported $0.58 EPS for the quarter, topping analysts' consensus estimates of $0.52 by $0.06. Rapid7 had a negative return on equity of 67.88% and a negative net margin of 5.64%. The firm had revenue of $207.99 million for the quarter, compared to analysts' expectations of $204.04 million. During the same period in the prior year, the firm posted ($0.33) earnings per share. The company's quarterly revenue was up 9.2% on a year-over-year basis. On average, equities research analysts predict that Rapid7 will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Rapid7

In other news, Director Reeny Sondhi sold 3,663 shares of the firm's stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $40.00, for a total value of $146,520.00. Following the transaction, the director now owns 17,460 shares of the company's stock, valued at $698,400. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in RPD. Fidelis Capital Partners LLC bought a new position in shares of Rapid7 in the first quarter worth about $36,000. Mutual of America Capital Management LLC raised its stake in shares of Rapid7 by 4.2% in the first quarter. Mutual of America Capital Management LLC now owns 83,181 shares of the technology company's stock worth $4,079,000 after buying an additional 3,382 shares during the period. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Rapid7 in the first quarter worth about $83,000. GSA Capital Partners LLP raised its stake in Rapid7 by 235.9% during the 1st quarter. GSA Capital Partners LLP now owns 14,714 shares of the technology company's stock valued at $722,000 after purchasing an additional 10,333 shares during the period. Finally, Quantbot Technologies LP bought a new stake in Rapid7 during the 1st quarter valued at approximately $218,000. Institutional investors own 95.66% of the company's stock.

Rapid7 Company 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.