XTX Topco Ltd Purchases Shares of 19,603 Rapid7, Inc. (NASDAQ:RPD)

XTX Topco Ltd acquired a new position in Rapid7, Inc. (NASDAQ:RPD - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 19,603 shares of the technology company's stock, valued at approximately $782,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Point72 Asset Management L.P. raised its stake in Rapid7 by 252.0% in the 2nd quarter. Point72 Asset Management L.P. now owns 3,799,119 shares of the technology company's stock valued at $164,236,000 after purchasing an additional 2,719,791 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Rapid7 by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 511,088 shares of the technology company's stock worth $20,387,000 after acquiring an additional 9,190 shares during the last quarter. Fred Alger Management LLC grew its stake in Rapid7 by 0.3% in the 2nd quarter. Fred Alger Management LLC now owns 494,509 shares of the technology company's stock worth $21,378,000 after acquiring an additional 1,297 shares during the period. Thematics Asset Management raised its holdings in Rapid7 by 33.0% in the 3rd quarter. Thematics Asset Management now owns 399,000 shares of the technology company's stock valued at $15,916,000 after acquiring an additional 99,000 shares during the last quarter. Finally, Cannae Holdings Inc. purchased a new position in shares of Rapid7 during the 2nd quarter worth $15,130,000. 95.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Rapid7

In other Rapid7 news, Director Reeny Sondhi sold 3,663 shares of Rapid7 stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $40.00, for a total value of $146,520.00. Following the completion of the transaction, the director now directly owns 17,460 shares in the company, valued at $698,400. The trade was a 17.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.60% of the company's stock.

Analyst Upgrades and Downgrades

RPD has been the topic of a number of research analyst reports. Piper Sandler decreased their price target on Rapid7 from $42.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, November 7th. StockNews.com raised shares of Rapid7 from a "hold" rating to a "buy" rating in a research report on Friday, December 6th. JPMorgan Chase & Co. increased their price target on shares of Rapid7 from $40.00 to $42.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Truist Financial lowered their price objective on shares of Rapid7 from $40.00 to $38.00 and set a "hold" rating for the company in a research note on Thursday, November 7th. Finally, DA Davidson increased their target price on Rapid7 from $35.00 to $39.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. Fourteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $44.59.

Rapid7 Stock Down 1.8 %

Shares of Rapid7 stock traded down $0.73 during trading hours on Thursday, hitting $40.81. 626,659 shares of the company's stock traded hands, compared to its average volume of 836,414. Rapid7, Inc. has a twelve month low of $32.94 and a twelve month high of $61.88. The company has a market cap of $2.58 billion, a PE ratio of 65.94 and a beta of 0.95. The stock has a 50 day simple moving average of $40.83 and a 200-day simple moving average of $38.79.

Rapid7 (NASDAQ:RPD - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.66 earnings per share for the quarter, topping analysts' consensus estimates of $0.52 by $0.14. The business had revenue of $214.65 million during the quarter, compared to the consensus estimate of $210.04 million. Rapid7 had a net margin of 5.65% and a negative return on equity of 128.95%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. As a group, equities research analysts predict that Rapid7, Inc. will post 0.98 EPS for the current year.

About Rapid7

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.