Rapid7 (NASDAQ:RPD - Get Free Report) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Wednesday.
RPD has been the topic of a number of other research reports. Canaccord Genuity Group upgraded Rapid7 from a "hold" rating to a "buy" rating and lowered their price objective for the stock from $52.00 to $43.00 in a research note on Wednesday, August 7th. DA Davidson boosted their price target on Rapid7 from $35.00 to $39.00 and gave the company a "neutral" rating in a research note on Thursday, November 7th. Baird R W downgraded shares of Rapid7 from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 1st. JPMorgan Chase & Co. boosted their target price on shares of Rapid7 from $40.00 to $42.00 and gave the company a "neutral" rating in a research report on Thursday, November 7th. Finally, Jefferies Financial Group initiated coverage on shares of Rapid7 in a research report on Wednesday, October 16th. They set a "buy" rating and a $50.00 price target on the stock. Fourteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $44.59.
Get Our Latest Analysis on RPD
Rapid7 Stock Down 2.8 %
Shares of RPD stock traded down $1.22 during trading on Wednesday, reaching $42.08. 101,901 shares of the company's stock were exchanged, compared to its average volume of 840,355. The firm's fifty day moving average price is $39.53 and its 200-day moving average price is $38.46. Rapid7 has a twelve month low of $32.94 and a twelve month high of $61.88. The stock has a market capitalization of $2.66 billion, a PE ratio of 68.73 and a beta of 0.96.
Rapid7 (NASDAQ:RPD - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.52 by $0.14. The company had revenue of $214.65 million during the quarter, compared to analysts' expectations of $210.04 million. Rapid7 had a negative return on equity of 128.95% and a net margin of 5.65%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 earnings per share. As a group, analysts anticipate that Rapid7 will post 0.98 EPS for the current fiscal year.
Insider Activity
In related news, Director Reeny Sondhi sold 3,663 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $40.00, for a total transaction of $146,520.00. Following the completion of the transaction, the director now owns 17,460 shares in the company, valued at approximately $698,400. This represents a 17.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is currently owned by corporate insiders.
Institutional Trading of Rapid7
Several hedge funds have recently made changes to their positions in the company. Algert Global LLC lifted its stake in shares of Rapid7 by 158.6% during the 2nd quarter. Algert Global LLC now owns 121,953 shares of the technology company's stock valued at $5,272,000 after buying an additional 74,793 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Rapid7 by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 503,468 shares of the technology company's stock worth $24,691,000 after acquiring an additional 18,907 shares during the period. SG Americas Securities LLC grew its position in shares of Rapid7 by 7,688.6% in the second quarter. SG Americas Securities LLC now owns 165,196 shares of the technology company's stock valued at $7,141,000 after purchasing an additional 163,075 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Rapid7 during the 3rd quarter valued at $948,000. Finally, Point72 Asset Management L.P. lifted its holdings in Rapid7 by 252.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,799,119 shares of the technology company's stock worth $164,236,000 after purchasing an additional 2,719,791 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.
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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