StockNews.com upgraded shares of Rapid7 (NASDAQ:RPD - Free Report) from a hold rating to a buy rating in a research note issued to investors on Friday.
Other equities research analysts have also recently issued reports about the company. Barclays dropped their price target on Rapid7 from $43.00 to $35.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Rapid7 in a report on Thursday, February 13th. DA Davidson increased their price objective on shares of Rapid7 from $35.00 to $39.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Scotiabank dropped their target price on shares of Rapid7 from $42.00 to $38.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. Finally, UBS Group decreased their price target on shares of Rapid7 from $52.00 to $45.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Rapid7 presently has an average rating of "Hold" and an average target price of $41.22.
Read Our Latest Stock Analysis on RPD
Rapid7 Stock Down 0.7 %
Rapid7 stock traded down $0.23 during mid-day trading on Friday, hitting $31.48. 905,253 shares of the company were exchanged, compared to its average volume of 716,904. The company has a market capitalization of $1.99 billion, a PE ratio of 80.72 and a beta of 0.96. The business has a fifty day moving average of $38.33 and a 200 day moving average of $38.73. Rapid7 has a 1-year low of $30.82 and a 1-year high of $59.43.
Rapid7 (NASDAQ:RPD - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.12 earnings per share (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%. Research analysts expect that Rapid7 will post 0.35 earnings per share for the current year.
Insider Activity at Rapid7
In related news, CEO Corey E. Thomas sold 100,000 shares of the firm's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $39.38, for a total transaction of $3,938,000.00. Following the sale, the chief executive officer now owns 431,469 shares of the company's stock, valued at approximately $16,991,249.22. This trade represents a 18.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.60% of the company's stock.
Institutional Investors Weigh In On Rapid7
Large investors have recently modified their holdings of the business. Pacer Advisors Inc. lifted its holdings in shares of Rapid7 by 30.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company's stock valued at $60,000 after purchasing an additional 347 shares in the last quarter. 1620 Investment Advisors Inc. lifted its stake in Rapid7 by 14.5% in the third quarter. 1620 Investment Advisors Inc. now owns 2,783 shares of the technology company's stock valued at $111,000 after buying an additional 352 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in shares of Rapid7 by 0.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 69,154 shares of the technology company's stock valued at $2,782,000 after buying an additional 446 shares during the period. Skandinaviska Enskilda Banken AB publ increased its position in shares of Rapid7 by 68.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,116 shares of the technology company's stock worth $46,000 after acquiring an additional 455 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of Rapid7 by 3,888.2% during the third quarter. International Assets Investment Management LLC now owns 678 shares of the technology company's stock worth $27,000 after acquiring an additional 661 shares during the period. 95.66% of the stock is currently owned by institutional investors.
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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