Rep. Jefferson Shreve Sells Rapid7, Inc. (NASDAQ:RPD) Shares

Representative Jefferson Shreve (R-Indiana) recently sold shares of Rapid7, Inc. NASDAQ: RPD. In a filing disclosed on March 09th, the Representative disclosed that they had sold between $15,001 and $50,000 in Rapid7 stock on February 24th. 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 RTX NYSE: RTX on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Royal Gold NASDAQ: RGLD on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of QUALCOMM NASDAQ: QCOM on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Pfizer NYSE: PFE on 2/24/2025.
• Sold $15,001 - $50,000 in shares of Norfolk Southern NYSE: NSC on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of CoStar Group NASDAQ: CSGP on 2/24/2025.
• Purchased $50,001 - $100,000 in shares of AbbVie NYSE: ABBV on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Johnson & Johnson NYSE: JNJ on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of The Cigna Group NYSE: CI on 2/24/2025.
• Purchased $15,001 - $50,000 in shares of Adobe NASDAQ: ADBE on 2/24/2025.

Rapid7 Trading Down 4.6 %

Rapid7 stock traded down $1.30 during midday trading on Thursday, reaching $26.79. 699,308 shares of the stock traded hands, compared to its average volume of 783,206. The firm has a fifty day moving average price of $35.66 and a two-hundred day moving average price of $38.02. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 68.69 and a beta of 0.92. Rapid7, Inc. has a fifty-two week low of $26.77 and a fifty-two week high of $53.04.

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Rapid7 (NASDAQ:RPD - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.38). Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. Analysts anticipate that Rapid7, Inc. will post 0.35 earnings per share for the current year.

Insiders Place Their Bets

In other Rapid7 news, CEO Corey E. Thomas sold 100,000 shares of the business's stock in a transaction that occurred on 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 directly owns 431,469 shares of the company's stock, valued at $16,991,249.22. The trade was a 18.82 % decrease in their ownership of the stock. 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.

Analysts Set New Price Targets

A number of analysts have recently weighed in on RPD shares. Truist Financial reduced their price target on shares of Rapid7 from $38.00 to $35.00 and set a "hold" rating for the company in a research note on Thursday, February 13th. Barclays reduced their price target on shares of Rapid7 from $43.00 to $35.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. StockNews.com upgraded shares of Rapid7 from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Needham & Company LLC reiterated a "hold" rating on shares of Rapid7 in a report on Thursday, February 13th. Finally, Scotiabank dropped their target price on shares of Rapid7 from $42.00 to $38.00 and set a "sector perform" rating on the stock in a report on Thursday, February 13th. Fifteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Rapid7 has an average rating of "Hold" and an average target price of $41.22.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its stake in Rapid7 by 3,888.2% in the 3rd quarter. International Assets Investment Management LLC now owns 678 shares of the technology company's stock valued at $27,000 after buying an additional 661 shares during the period. Skandinaviska Enskilda Banken AB publ increased its stake 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. increased its stake 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 bought a new stake in Rapid7 in the third quarter worth approximately $69,000. Finally, Ostrum Asset Management grew its position in Rapid7 by 45.3% in the fourth quarter. Ostrum Asset Management now owns 2,478 shares of the technology company's stock worth $100,000 after acquiring an additional 772 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company's stock.

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

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.