Brokerages Set Rapid7, Inc. (NASDAQ:RPD) PT at $41.22

Rapid7, Inc. (NASDAQ:RPD - Get Free Report) has been given a consensus recommendation of "Hold" by the twenty-one analysts that are currently covering the firm, MarketBeat reports. Fifteen investment 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 analysts that have issued a report on the stock in the last year is $41.22.

A number of equities analysts have issued reports on RPD shares. Robert W. Baird lowered their target price on Rapid7 from $43.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. Jefferies Financial Group decreased their target price on shares of Rapid7 from $50.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. StockNews.com upgraded Rapid7 from a "hold" rating to a "buy" rating in a report on Friday, February 21st. UBS Group dropped their target price on Rapid7 from $52.00 to $45.00 and set a "buy" rating on the stock in a 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 on the stock in a research report on Thursday, February 13th.

Rapid7 Trading Down 4.2 %

Shares of RPD traded down $1.19 on Monday, reaching $26.90. 434,353 shares of the company's stock were exchanged, compared to its average volume of 776,274. The business has a 50 day moving average price of $35.66 and a two-hundred day moving average price of $38.02. The stock has a market capitalization of $1.72 billion, a P/E ratio of 68.97 and a beta of 0.92. Rapid7 has a 12 month low of $26.95 and a 12 month high of $53.04.

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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 earnings per share (EPS) 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 research analysts predict that Rapid7 will post 0.35 EPS for the current year.

Insider Activity at Rapid7

In other news, CEO Corey E. Thomas sold 100,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were 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 directly owns 431,469 shares of the company's stock, valued at $16,991,249.22. This represents a 18.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB lifted its position in shares of Rapid7 by 100.8% during the fourth quarter. Nordea Investment Management AB now owns 75,109 shares of the technology company's stock worth $3,030,000 after acquiring an additional 37,708 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Rapid7 by 36.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 85,951 shares of the technology company's stock valued at $3,429,000 after acquiring an additional 22,734 shares during the period. Stifel Financial Corp purchased a new position in Rapid7 during the 3rd quarter valued at $1,006,000. Maverick Capital Ltd. bought a new stake in shares of Rapid7 during the third quarter valued at approximately $1,679,000. Finally, Harbor Capital Advisors Inc. grew its stake in shares of Rapid7 by 259.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 288,965 shares of the technology company's stock worth $11,625,000 after buying an additional 208,501 shares during the last quarter. Hedge funds and other 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.