Rapid7, Inc. (NASDAQ:RPD - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $27.95 and last traded at $28.35, with a volume of 1103847 shares changing hands. The stock had previously closed at $29.09.
Analyst Ratings Changes
Several research firms have recently commented on RPD. Citigroup reduced their price target on Rapid7 from $46.00 to $44.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Scotiabank reduced their target price on shares of Rapid7 from $42.00 to $38.00 and set a "sector perform" rating for the company in a report on Thursday, February 13th. Truist Financial lowered their price target on shares of Rapid7 from $38.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. Raymond James reduced their price objective on shares of Rapid7 from $55.00 to $45.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Finally, Stifel Nicolaus decreased their target price on shares of Rapid7 from $42.00 to $38.00 and set a "hold" rating for the company in a research report on Thursday, February 13th. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Rapid7 presently has a consensus rating of "Hold" and a consensus target price of $41.22.
Read Our Latest Analysis on RPD
Rapid7 Trading Up 3.4 %
The firm has a market capitalization of $1.85 billion, a PE ratio of 75.00 and a beta of 0.96. The firm's fifty day moving average price is $36.64 and its 200 day moving average price is $38.29.
Rapid7 (NASDAQ:RPD - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.38). Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. On average, analysts predict that Rapid7, Inc. will post 0.35 earnings per share for the current year.
Insider Buying and Selling at Rapid7
In other news, CEO Corey E. Thomas sold 100,000 shares of the business's 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 sale, the chief executive officer now directly owns 431,469 shares in the company, valued at $16,991,249.22. The trade was a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.60% of the stock is currently owned by corporate insiders.
Institutional Trading of Rapid7
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB boosted its holdings in Rapid7 by 100.8% in the 4th quarter. Nordea Investment Management AB now owns 75,109 shares of the technology company's stock worth $3,030,000 after buying an additional 37,708 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted 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 in the last quarter. Stifel Financial Corp acquired a new stake in shares of Rapid7 in the third quarter worth approximately $1,006,000. Maverick Capital Ltd. purchased a new stake in shares of Rapid7 during the third quarter worth approximately $1,679,000. Finally, Harbor Capital Advisors Inc. raised its stake 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 purchasing an additional 208,501 shares during the last quarter. Hedge funds and other institutional investors own 95.66% of the company's stock.
About Rapid7
(
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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