Rapid7 (NASDAQ:RPD) Rating Increased to Strong-Buy at Stephens

Stephens upgraded shares of Rapid7 (NASDAQ:RPD - Free Report) to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

Several other research firms have also recently issued reports on RPD. UBS Group cut their target price on Rapid7 from $52.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus reduced their price objective on shares of Rapid7 from $42.00 to $38.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. Robert W. Baird decreased their target price on shares of Rapid7 from $43.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price target on shares of Rapid7 from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Finally, Citigroup decreased their price objective on shares of Rapid7 from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Fifteen 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 MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $39.05.

Rapid7 Trading Down 7.4 %

NASDAQ RPD traded down $1.90 on Monday, reaching $23.68. 1,292,159 shares of the company were exchanged, compared to its average volume of 857,766. Rapid7 has a fifty-two week low of $23.33 and a fifty-two week high of $50.55. The stock has a market capitalization of $1.51 billion, a P/E ratio of 60.72 and a beta of 0.99. The business's fifty day moving average price is $31.79 and its 200 day moving average price is $37.07.

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 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%. Equities research analysts forecast that Rapid7 will post 0.35 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Corey E. Thomas sold 100,000 shares of the firm's stock in a transaction 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 sale, the chief executive officer now directly owns 431,469 shares in the company, valued at approximately $16,991,249.22. This trade represents a 18.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is owned by insiders.

Institutional Trading of Rapid7

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc boosted its position in shares of Rapid7 by 5,311.1% during the 1st quarter. Versant Capital Management Inc now owns 1,461 shares of the technology company's stock worth $39,000 after acquiring an additional 1,434 shares in the last quarter. CSS LLC IL purchased a new stake in Rapid7 during the fourth quarter worth approximately $837,000. Vident Advisory LLC boosted its holdings in Rapid7 by 47.7% in the fourth quarter. Vident Advisory LLC now owns 33,818 shares of the technology company's stock valued at $1,360,000 after purchasing an additional 10,923 shares in the last quarter. Two Sigma Advisers LP increased its stake in Rapid7 by 87.7% in the fourth quarter. Two Sigma Advisers LP now owns 10,700 shares of the technology company's stock valued at $430,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in Rapid7 by 48.7% during the fourth quarter. Two Sigma Investments LP now owns 142,167 shares of the technology company's stock worth $5,719,000 after purchasing an additional 46,567 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

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.