Lee David Weiner Sells 18,541 Shares of Rapid7 Inc (RPD) Stock

Rapid7 Inc (NASDAQ:RPD) insider Lee David Weiner sold 18,541 shares of Rapid7 stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $27.02, for a total transaction of $500,977.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Rapid7 stock opened at $26.08 on Friday. The company has a market cap of $1,234.10, a price-to-earnings ratio of -24.60 and a beta of 0.87. Rapid7 Inc has a 52-week low of $13.42 and a 52-week high of $28.18.

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Rapid7 (NASDAQ:RPD) last issued its earnings results on Monday, February 12th. The technology company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.11). The business had revenue of $57.73 million during the quarter, compared to analysts’ expectations of $57.39 million. Rapid7 had a negative return on equity of 141.69% and a negative net margin of 22.63%. Rapid7’s revenue for the quarter was up 28.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.13) EPS. analysts expect that Rapid7 Inc will post -0.97 earnings per share for the current year.

Large investors have recently modified their holdings of the stock. Citadel Advisors LLC raised its position in Rapid7 by 226.8% in the 3rd quarter. Citadel Advisors LLC now owns 148,657 shares of the technology company’s stock worth $2,616,000 after purchasing an additional 103,164 shares during the period. Alyeska Investment Group L.P. purchased a new position in Rapid7 in the 3rd quarter worth $7,896,000. Cortina Asset Management LLC purchased a new position in Rapid7 in the 3rd quarter worth $6,015,000. Granahan Investment Management Inc. MA increased its position in shares of Rapid7 by 6.6% in the third quarter. Granahan Investment Management Inc. MA now owns 255,541 shares of the technology company’s stock valued at $4,498,000 after acquiring an additional 15,763 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Rapid7 by 77.7% in the third quarter. JPMorgan Chase & Co. now owns 83,074 shares of the technology company’s stock valued at $1,452,000 after acquiring an additional 36,315 shares during the period. Institutional investors own 67.77% of the company’s stock.

A number of analysts have recently issued reports on the stock. BidaskClub raised shares of Rapid7 from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Morgan Stanley lifted their price objective on shares of Rapid7 from $20.00 to $23.00 and gave the stock an “equal weight” rating in a report on Tuesday, February 13th. Stifel Nicolaus assumed coverage on shares of Rapid7 in a report on Wednesday, February 28th. They set a “buy” rating and a $32.00 price objective for the company. ValuEngine raised shares of Rapid7 from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $30.00 price objective on shares of Rapid7 in a report on Friday, January 26th. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Rapid7 has an average rating of “Buy” and an average target price of $25.54.

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About Rapid7

Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.

Insider Buying and Selling by Quarter for Rapid7 (NASDAQ:RPD)

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