Rapid7, Inc. (NASDAQ:RPD - Get Free Report)'s stock price was up 8.5% during mid-day trading on Monday . The stock traded as high as $29.58 and last traded at $30.69. Approximately 118,178 shares traded hands during trading, a decline of 86% from the average daily volume of 828,136 shares. The stock had previously closed at $28.29.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on RPD shares. Morgan Stanley started coverage on Rapid7 in a research report on Tuesday, March 18th. They set an "equal weight" rating and a $33.00 target price on the stock. DA Davidson cut their price objective on shares of Rapid7 from $35.00 to $29.00 and set a "neutral" rating on the stock in a report on Tuesday. Jefferies Financial Group lowered their target price on shares of Rapid7 from $50.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Raymond James cut their price target on shares of Rapid7 from $55.00 to $45.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Finally, Citigroup decreased their price objective on shares of Rapid7 from $46.00 to $44.00 and set a "buy" 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 given a buy rating to the company's stock. Based on data from MarketBeat, Rapid7 presently has a consensus rating of "Hold" and a consensus price target of $39.94.
Get Our Latest Analysis on Rapid7
Rapid7 Stock Down 2.6 %
The stock has a market capitalization of $1.79 billion, a PE ratio of 71.67 and a beta of 0.92. The firm's fifty day moving average is $33.32 and its 200-day moving average is $37.38.
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 expect that Rapid7, Inc. will post 0.35 EPS for the current year.
Insider Activity
In related news, CEO Corey E. Thomas sold 100,000 shares of the company'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 sale, the chief executive officer now owns 431,469 shares in the company, valued at $16,991,249.22. This represents a 18.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 2.60% of the company's stock.
Hedge Funds Weigh In On Rapid7
Hedge funds and other institutional investors have recently bought and sold shares of the company. CSS LLC IL acquired a new position in shares of Rapid7 during the 4th quarter worth $837,000. Vident Advisory LLC increased its holdings in Rapid7 by 47.7% during the 4th quarter. Vident Advisory LLC now owns 33,818 shares of the technology company's stock valued at $1,360,000 after acquiring an additional 10,923 shares in the last quarter. Two Sigma Advisers LP raised its position in Rapid7 by 87.7% during the fourth quarter. Two Sigma Advisers LP now owns 10,700 shares of the technology company's stock worth $430,000 after acquiring an additional 5,000 shares during the last quarter. Two Sigma Investments LP lifted its holdings in shares of Rapid7 by 48.7% in the fourth quarter. Two Sigma Investments LP now owns 142,167 shares of the technology company's stock valued at $5,719,000 after purchasing an additional 46,567 shares in the last quarter. Finally, Shapiro Capital Management LLC grew its position in shares of Rapid7 by 295.9% in the fourth quarter. Shapiro Capital Management LLC now owns 1,290,945 shares of the technology company's stock valued at $51,935,000 after purchasing an additional 964,899 shares during the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.
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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