Rapid7, Inc. (NASDAQ:RPD - Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as $27.72 and last traded at $27.75, with a volume of 162921 shares trading hands. The stock had previously closed at $29.25.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on RPD. Needham & Company LLC restated a "hold" rating on shares of Rapid7 in a report on Thursday, February 13th. Scotiabank reduced their target price on Rapid7 from $42.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price target on Rapid7 from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. UBS Group cut their price objective on shares of Rapid7 from $52.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Finally, StockNews.com raised shares of Rapid7 from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Fifteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Rapid7 presently has an average rating of "Hold" and a consensus price target of $41.22.
View Our Latest Stock Analysis on RPD
Rapid7 Stock Performance
The firm has a fifty day moving average of $35.66 and a 200 day moving average of $38.02. The firm has a market capitalization of $1.71 billion, a PE ratio of 68.69 and a beta of 0.92.
Rapid7 (NASDAQ:RPD - Get Free Report) last posted its quarterly earnings data 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 net margin of 3.46% and a negative return on equity of 130.41%. Research analysts forecast that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, CEO Corey E. Thomas sold 100,000 shares of Rapid7 stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $39.38, for a total value of $3,938,000.00. Following the completion of the transaction, the chief executive officer now owns 431,469 shares in the company, valued at approximately $16,991,249.22. This trade represents a 18.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is owned by company insiders.
Institutional Investors Weigh In On Rapid7
Several large investors have recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Rapid7 by 68.8% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,116 shares of the technology company's stock worth $46,000 after buying an additional 455 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Rapid7 by 30.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company's stock worth $60,000 after acquiring an additional 347 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Rapid7 during the third quarter valued at approximately $69,000. Ostrum Asset Management lifted its position in shares of Rapid7 by 45.3% in the 4th quarter. Ostrum Asset Management now owns 2,478 shares of the technology company's stock valued at $100,000 after acquiring an additional 772 shares in the last quarter. Finally, KBC Group NV boosted its stake in Rapid7 by 47.7% in the 4th quarter. KBC Group NV now owns 2,686 shares of the technology company's stock worth $108,000 after purchasing an additional 867 shares during the period. 95.66% of the stock is owned by institutional investors and hedge funds.
Rapid7 Company Profile
(
Get Free Report)
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.
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