Representative Jefferson Shreve (R-Indiana) recently bought shares of Rapid7, Inc. NASDAQ: RPD. In a filing disclosed on April 11th, the Representative disclosed that they had bought between $15,001 and $50,000 in Rapid7 stock on March 31st. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.
Representative Jefferson Shreve also recently made the following trade(s):
- Purchased $15,001 - $50,000 in shares of Harley-Davidson NYSE: HOG on 3/31/2025.
- Purchased $50,001 - $100,000 in shares of Block NYSE: XYZ on 3/31/2025.
- Sold $15,001 - $50,000 in shares of DuPont de Nemours NYSE: DD on 3/31/2025.
- Purchased $15,001 - $50,000 in shares of United Community Banks NASDAQ: UCB on 3/31/2025.
- Sold $15,001 - $50,000 in shares of IDEX NYSE: IEX on 3/31/2025.
- Purchased $15,001 - $50,000 in shares of HNI NYSE: HNI on 3/31/2025.
- Sold $50,001 - $100,000 in shares of ServiceNow NYSE: NOW on 3/31/2025.
- Sold $15,001 - $50,000 in shares of Coinbase Global NASDAQ: COIN on 3/31/2025.
- Sold $15,001 - $50,000 in shares of Constellation Energy NASDAQ: CEG on 3/31/2025.
- Sold $50,001 - $100,000 in shares of Simon Property Group NYSE: SPG on 3/31/2025.
Rapid7 Price Performance
NASDAQ RPD traded down $0.27 during mid-day trading on Friday, hitting $22.56. The stock had a trading volume of 1,266,105 shares, compared to its average volume of 879,094. The firm's 50 day moving average is $28.12 and its 200 day moving average is $35.95. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 57.85 and a beta of 0.99. Rapid7, Inc. has a twelve month low of $22.08 and a twelve month high of $46.96.
Rapid7 (NASDAQ:RPD - Get Free Report) last announced its quarterly earnings data 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%. As a group, equities research analysts expect that Rapid7, Inc. will post 0.35 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on RPD shares. Morgan Stanley reduced their price target on Rapid7 from $33.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday. Scotiabank cut their price target 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 cut their target price on Rapid7 from $38.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, February 13th. Robert W. Baird decreased their price target on Rapid7 from $43.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, February 13th. Finally, StockNews.com raised Rapid7 from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Fifteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Rapid7 presently has a consensus rating of "Hold" and an average price target of $37.32.
Get Our Latest Stock Report on Rapid7
Insider Buying and Selling
In related news, CEO Corey E. Thomas sold 100,000 shares of the firm's stock in a transaction dated Tuesday, January 21st. The shares were 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 owns 431,469 shares in the company, valued at $16,991,249.22. This trade represents a 18.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christina Luconi sold 12,551 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $23.12, for a total transaction of $290,179.12. Following the transaction, the insider now owns 58,165 shares in the company, valued at $1,344,774.80. The trade was a 17.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of RPD. Stifel Financial Corp acquired a new stake in shares of Rapid7 during the third quarter worth about $1,006,000. XTX Topco Ltd acquired a new stake in Rapid7 during the 3rd quarter worth approximately $782,000. Geode Capital Management LLC grew its stake in shares of Rapid7 by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,462,007 shares of the technology company's stock valued at $58,330,000 after purchasing an additional 15,287 shares during the last quarter. 272 Capital LP increased its holdings in shares of Rapid7 by 33.4% in the third quarter. 272 Capital LP now owns 215,287 shares of the technology company's stock valued at $8,588,000 after purchasing an additional 53,849 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of Rapid7 by 9.7% during the third quarter. Principal Financial Group Inc. now owns 47,661 shares of the technology company's stock worth $1,901,000 after purchasing an additional 4,214 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.
About Representative Shreve
Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election.
Email editor@ballotpedia.org to notify us of updates to this biography.
Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive.
Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.
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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