Rapid7 (NASDAQ:RPD) Reaches New 12-Month Low - Should You Sell?

Rapid7, Inc. (NASDAQ:RPD - Get Free Report) hit a new 52-week low during mid-day trading 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.

Analysts Set New Price Targets

Several brokerages recently issued reports on RPD. Scotiabank reduced their price target on shares of Rapid7 from $42.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 13th. Raymond James cut their price objective on shares of Rapid7 from $55.00 to $45.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. StockNews.com raised shares of Rapid7 from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. JPMorgan Chase & Co. decreased their target price on shares of Rapid7 from $42.00 to $40.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. 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 note on Thursday, February 13th. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $41.22.

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Rapid7 Stock Down 1.6 %

The company's fifty day moving average is $36.16 and its 200-day moving average is $38.17. The company has a market cap of $1.76 billion, a PE ratio of 70.62 and a beta of 0.92.

Rapid7 (NASDAQ:RPD - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.12 earnings per share 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%. Equities research analysts expect that Rapid7, Inc. will post 0.35 EPS for the current fiscal year.

Insider Buying and Selling 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 transaction, the chief executive officer now directly owns 431,469 shares of the company's stock, valued at approximately $16,991,249.22. The trade was a 18.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Rapid7

A number of large investors have recently made changes to their positions in RPD. Skandinaviska Enskilda Banken AB publ boosted its position in Rapid7 by 68.8% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,116 shares of the technology company's stock valued at $46,000 after buying an additional 455 shares during the period. Pacer Advisors Inc. boosted its position in Rapid7 by 30.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company's stock valued at $60,000 after buying an additional 347 shares during the period. RPg Family Wealth Advisory LLC purchased a new stake in Rapid7 in the 3rd quarter valued at about $69,000. Ostrum Asset Management boosted its position in 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 buying an additional 772 shares during the period. Finally, KBC Group NV boosted its position in Rapid7 by 47.7% in the 4th quarter. KBC Group NV now owns 2,686 shares of the technology company's stock valued at $108,000 after buying an additional 867 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

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.

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