Rapid7 (NASDAQ:RPD - Get Free Report) had its price objective decreased by UBS Group from $52.00 to $45.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. UBS Group's target price indicates a potential upside of 26.58% from the company's current price.
Several other equities research analysts have also recently commented on RPD. Scotiabank raised their target price on Rapid7 from $39.00 to $42.00 and gave the stock a "sector perform" rating in a research note on Tuesday, January 21st. Piper Sandler reduced their price target on shares of Rapid7 from $42.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, November 7th. 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 report on Thursday. Stifel Nicolaus restated a "hold" rating and issued a $42.00 target price (down from $48.00) on shares of Rapid7 in a research note on Friday, January 17th. Finally, Citigroup reduced their price objective on Rapid7 from $50.00 to $46.00 and set a "buy" rating for the company in a research note on Friday, January 17th. Sixteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Rapid7 currently has a consensus rating of "Hold" and an average price target of $41.22.
Check Out Our Latest Stock Analysis on RPD
Rapid7 Stock Performance
Shares of RPD stock traded up $0.73 on Thursday, hitting $35.55. The company had a trading volume of 1,545,758 shares, compared to its average volume of 532,994. Rapid7 has a twelve month low of $32.94 and a twelve month high of $61.79. The stock's 50-day moving average is $39.23 and its two-hundred day moving average is $38.81. The firm has a market cap of $2.25 billion, a P/E ratio of 56.43 and a beta of 0.96.
Rapid7 (NASDAQ:RPD - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.38). Rapid7 had a negative return on equity of 128.95% and a net margin of 5.65%. Equities research analysts predict that Rapid7 will post 0.98 EPS for the current year.
Insider Transactions at Rapid7
In other Rapid7 news, CEO Corey E. Thomas sold 100,000 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $39.38, for a total value of $3,938,000.00. Following the transaction, the chief executive officer now owns 431,469 shares of the company's stock, valued at approximately $16,991,249.22. The trade was a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.60% of the company's stock.
Hedge Funds Weigh In On Rapid7
A number of hedge funds and other institutional investors have recently made changes to their positions in RPD. Vanguard Group Inc. boosted its stake in Rapid7 by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 8,618,480 shares of the technology company's stock valued at $346,721,000 after acquiring an additional 60,095 shares during the last quarter. JANA Partners Management LP lifted its stake in Rapid7 by 0.9% in the fourth quarter. JANA Partners Management LP now owns 3,690,129 shares of the technology company's stock valued at $148,454,000 after purchasing an additional 34,589 shares during the last quarter. Geode Capital Management LLC lifted its stake in Rapid7 by 1.1% in the third 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. First Trust Advisors LP lifted its stake in Rapid7 by 6.8% in the fourth quarter. First Trust Advisors LP now owns 1,255,731 shares of the technology company's stock valued at $50,518,000 after purchasing an additional 79,836 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Rapid7 by 17.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 919,434 shares of the technology company's stock valued at $36,993,000 after purchasing an additional 133,967 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other 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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