Rapid7, Inc. (NASDAQ:RPD – Get Rating) has been assigned a consensus recommendation of "Hold" from the twenty-one ratings firms that are covering the stock, Marketbeat.com reports. Twelve research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $55.56.
A number of research analysts have commented on RPD shares. StockNews.com upgraded Rapid7 from a "sell" rating to a "hold" rating in a research report on Saturday, November 5th. Wolfe Research lowered Rapid7 from an "outperform" rating to a "market perform" rating in a research report on Thursday, November 3rd. Mizuho reduced their price target on Rapid7 from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, December 8th. Canaccord Genuity Group reduced their price target on Rapid7 from $60.00 to $55.00 in a research report on Thursday, November 3rd. Finally, Morgan Stanley reduced their price target on Rapid7 from $55.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Monday, December 19th.
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Shares of RPD opened at $34.58 on Wednesday. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -12.62 and a beta of 1.16. The business's fifty day moving average price is $32.68 and its two-hundred day moving average price is $46.05. Rapid7 has a 52 week low of $26.49 and a 52 week high of $118.25.
Rapid7 (NASDAQ:RPD – Get Rating) last announced its quarterly earnings data on Wednesday, November 2nd. The technology company reported ($0.39) EPS for the quarter, beating analysts' consensus estimates of ($0.45) by $0.06. The firm had revenue of $175.77 million during the quarter, compared to the consensus estimate of $176.13 million. As a group, research analysts forecast that Rapid7 will post -1.86 EPS for the current year.Insider Buying and Selling
In other Rapid7 news, CFO Timothy M. Adams acquired 2,500 shares of the company's stock in a transaction that occurred on Monday, December 5th. The shares were acquired at an average price of $30.00 per share, with a total value of $75,000.00. Following the purchase, the chief financial officer now owns 109,294 shares of the company's stock, valued at approximately $3,278,820. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Rapid7 news, CEO Corey E. Thomas sold 41,619 shares of Rapid7 stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $28.40, for a total value of $1,181,979.60. Following the sale, the chief executive officer now owns 428,074 shares of the company's stock, valued at approximately $12,157,301.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Timothy M. Adams purchased 2,500 shares of the company's stock in a transaction on Monday, December 5th. The stock was purchased at an average cost of $30.00 per share, for a total transaction of $75,000.00. Following the purchase, the chief financial officer now directly owns 109,294 shares in the company, valued at $3,278,820. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 124,857 shares of company stock valued at $3,923,423. 2.80% of the stock is owned by company insiders.
Institutional Trading of Rapid7
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Rapid7 by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 5,446,543 shares of the technology company's stock valued at $233,657,000 after purchasing an additional 64,816 shares during the period. Wasatch Advisors Inc. grew its holdings in shares of Rapid7 by 11.0% in the 1st quarter. Wasatch Advisors Inc. now owns 2,454,833 shares of the technology company's stock valued at $273,076,000 after acquiring an additional 243,040 shares in the last quarter. First Trust Advisors LP grew its holdings in shares of Rapid7 by 8.2% in the 3rd quarter. First Trust Advisors LP now owns 2,113,327 shares of the technology company's stock valued at $90,662,000 after acquiring an additional 160,922 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Rapid7 by 5.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 2,039,366 shares of the technology company's stock valued at $136,229,000 after acquiring an additional 99,953 shares in the last quarter. Finally, Pictet Asset Management SA grew its holdings in shares of Rapid7 by 4.7% in the 2nd quarter. Pictet Asset Management SA now owns 1,730,701 shares of the technology company's stock valued at $115,611,000 after acquiring an additional 77,350 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company's stock.
Rapid7 Company Profile
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Rapid7, Inc engages in the provision of cyber security analytics and automation services. Its products include Metasploit, Nexpose, AppSpider, tCell by Rapid7, as well as insight platforms such as InsightDR, InsightIVM, InsightAppSec, InsightConnect, and InsightOps. The firm also offers security and product consulting services.
Further Reading
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