Rapid7 Inc. (NASDAQ:RPD) insider Corey E. Thomas sold 25,000 shares of the stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $18.05, for a total transaction of $451,250.00. Following the sale, the insider now directly owns 194,757 shares in the company, valued at approximately $3,515,363.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Rapid7 Inc. (NASDAQ:RPD) opened at 16.62 on Friday. Rapid7 Inc. has a one year low of $9.05 and a one year high of $23.62. The company has a 50-day moving average of $17.59 and a 200 day moving average of $14.22. The firm’s market cap is $675.32 million.
Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.02. The company earned $37.30 million during the quarter, compared to analysts’ expectations of $36.29 million. Rapid7 had a negative return on equity of 100.88% and a negative net margin of 46.51%. The firm’s revenue was up 44.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.61) EPS. On average, equities research analysts expect that Rapid7 Inc. will post ($0.90) EPS for the current fiscal year.
RPD has been the topic of several research reports. Zacks Investment Research cut shares of Rapid7 from a “hold” rating to a “sell” rating in a research report on Saturday, August 13th. Barclays PLC set a $17.00 price target on shares of Rapid7 and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Rosenblatt Securities started coverage on shares of Rapid7 in a report on Friday, August 26th. They issued a “buy” rating and a $23.00 target price on the stock. Finally, Macquarie started coverage on shares of Rapid7 in a report on Friday, July 8th. They issued a “neutral” rating and a $16.00 target price on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Rapid7 currently has an average rating of “Buy” and an average target price of $20.67.
A number of hedge funds have recently bought and sold shares of RPD. Schwab Charles Investment Management Inc. boosted its stake in Rapid7 by 121.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 39,050 shares of the company’s stock valued at $492,000 after buying an additional 21,452 shares during the period. Metropolitan Life Insurance Co. NY acquired a new stake in Rapid7 during the second quarter valued at approximately $190,000. Caisse DE Depot ET Placement DU Quebec boosted its stake in Rapid7 by 19.7% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 388,971 shares of the company’s stock valued at $4,893,000 after buying an additional 63,971 shares during the period. Polar Capital LLP acquired a new stake in Rapid7 during the second quarter valued at approximately $3,203,000. Finally, Barclays PLC boosted its stake in Rapid7 by 1,990.4% in the second quarter. Barclays PLC now owns 13,316 shares of the company’s stock valued at $167,000 after buying an additional 12,679 shares during the period. Institutional investors own 67.37% of the company’s stock.
Rapid7 Company Profile
Rapid7, Inc is a provider of security data and analytics solutions that enable organizations to implement an active approach to cyber security. The Company’s Rapid7 Insight Platform is a security data and analytics platform that provides solutions to cyber security that enables organizations to find and eliminate critical weaknesses and detect attacks in their information technology (IT) environments.
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