Trexquant Investment LP Sells 42,205 Shares of Rapid7, Inc. (NASDAQ:RPD)

Trexquant Investment LP decreased its position in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,188 shares of the technology company's stock after selling 42,205 shares during the period. Trexquant Investment LP owned approximately 0.07% of Rapid7 worth $1,697,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Rapid7 by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,618,480 shares of the technology company's stock valued at $346,721,000 after acquiring an additional 60,095 shares during the period. Geode Capital Management LLC raised its stake in Rapid7 by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,462,007 shares of the technology company's stock valued at $58,330,000 after purchasing an additional 15,287 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Rapid7 by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 520,006 shares of the technology company's stock worth $20,920,000 after purchasing an additional 8,918 shares during the period. Raymond James Financial Inc. acquired a new stake in Rapid7 during the fourth quarter worth about $12,050,000. Finally, Harbor Capital Advisors Inc. increased its holdings in Rapid7 by 259.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 288,965 shares of the technology company's stock valued at $11,625,000 after buying an additional 208,501 shares during the period. Institutional investors and hedge funds own 95.66% of the company's stock.

Rapid7 Stock Performance

Shares of RPD traded up $0.09 during mid-day trading on Monday, reaching $23.66. 71,779 shares of the company were exchanged, compared to its average volume of 872,106. The business has a 50 day simple moving average of $29.66 and a two-hundred day simple moving average of $36.49. The stock has a market capitalization of $1.51 billion, a PE ratio of 60.67 and a beta of 0.99. Rapid7, Inc. has a 52 week low of $22.08 and a 52 week high of $48.00.

Rapid7 (NASDAQ:RPD - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.38). Rapid7 had a negative return on equity of 130.41% and a net margin of 3.46%. On average, analysts predict that Rapid7, Inc. will post 0.35 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Morgan Stanley assumed coverage on shares of Rapid7 in a research report on Tuesday, March 18th. They set an "equal weight" rating and a $33.00 price target on the stock. Stifel Nicolaus reduced their target price on Rapid7 from $42.00 to $38.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. UBS Group decreased their price target on Rapid7 from $52.00 to $45.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on Rapid7 from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Finally, Barclays decreased their target price on Rapid7 from $43.00 to $35.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Fifteen analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $39.05.

Insiders Place Their Bets

In related news, CEO Corey E. Thomas sold 100,000 shares of the stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christina Luconi sold 12,551 shares of the firm's stock in a transaction on 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 owns 58,165 shares of the company's stock, valued at $1,344,774.80. The trade was a 17.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.60% 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.