Rapid7, Inc. (NASDAQ:RPD) Given Average Rating of "Hold" by Analysts

Shares of Rapid7, Inc. (NASDAQ:RPD - Get Free Report) have earned a consensus rating of "Hold" from the twenty-two analysts that are currently covering the stock, MarketBeat.com reports. Fifteen equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $39.05.

Several equities research analysts have recently issued reports on the stock. DA Davidson reduced their price objective on shares of Rapid7 from $35.00 to $29.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. StockNews.com upgraded shares of Rapid7 from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Robert W. Baird dropped their price objective on shares of Rapid7 from $43.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, February 13th. UBS Group cut their price objective on Rapid7 from $52.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, Jefferies Financial Group decreased their target price on Rapid7 from $45.00 to $35.00 and set a "buy" rating on the stock in a research report on Monday, March 31st.

Rapid7 Stock Down 1.4 %

NASDAQ:RPD traded down $0.33 during mid-day trading on Friday, hitting $22.94. 1,631,507 shares of the company traded hands, compared to its average volume of 866,231. The stock's fifty day moving average price is $30.84 and its 200-day moving average price is $36.83. The firm has a market cap of $1.47 billion, a price-to-earnings ratio of 58.82 and a beta of 0.99. Rapid7 has a one year low of $21.42 and a one year high of $50.55.

Rapid7 (NASDAQ:RPD - Get Free Report) last announced its quarterly earnings data 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 net margin of 3.46% and a negative return on equity of 130.41%. Equities analysts predict that Rapid7 will post 0.35 EPS for the current year.

Insider Activity at Rapid7

In related news, CEO Corey E. Thomas sold 100,000 shares of Rapid7 stock in a transaction dated 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 sale, the chief executive officer now owns 431,469 shares in the company, valued at $16,991,249.22. This trade represents a 18.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is owned by company insiders.

Institutional Trading of Rapid7

A number of large investors have recently modified their holdings of RPD. Shapiro Capital Management LLC raised its stake in Rapid7 by 295.9% in the fourth quarter. Shapiro Capital Management LLC now owns 1,290,945 shares of the technology company's stock worth $51,935,000 after buying an additional 964,899 shares in the last quarter. Estuary Capital Management LP purchased a new stake in shares of Rapid7 during the fourth quarter valued at about $20,714,000. Dendur Capital LP bought a new stake in shares of Rapid7 in the 4th quarter valued at about $19,190,000. Raymond James Financial Inc. bought a new stake in shares of Rapid7 in the 4th quarter valued at about $12,050,000. Finally, Marshall Wace LLP raised its stake in shares of Rapid7 by 144.2% during the 4th quarter. Marshall Wace LLP now owns 475,695 shares of the technology company's stock worth $19,137,000 after acquiring an additional 280,913 shares in the last quarter. Hedge funds and other institutional investors own 95.66% 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.