D.A. Davidson analyst Rudy Kessinger maintained a Hold rating on Rapid7 (RPD – Research Report) today and set a price target of $54.00. The company’s shares closed yesterday at $56.99.
Kessinger covers the Technology sector, focusing on stocks such as Edgio, Varonis Systems, and CrowdStrike Holdings. According to TipRanks, Kessinger has an average return of 9.2% and a 55.00% success rate on recommended stocks.
Currently, the analyst consensus on Rapid7 is a Moderate Buy with an average price target of $61.25, representing a 7.47% upside. In a report released today, Barclays also reiterated a Hold rating on the stock with a $60.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
The company has a one-year high of $60.15 and a one-year low of $37.29. Currently, Rapid7 has an average volume of 721.2K.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RPD in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Rapid7 (RPD) Company Description:
Rapid7, Inc. engages in the provision of cyber security analytics and automation services. Its product includes insight platform, which offers InsightVM, InsightIDR, InsightAppSec, and InsightConnect. The company was founded by Alan P. Matthews, Tas Giakouminakis and Chad Loder in July 2000 and is headquartered in Boston, MA.
Read More on RPD:
- Rapid7 Announces Fourth Quarter and Full-Year 2023 Financial Results
- Rapid7 adds new managed digital risk protection to MDR Service
- Rapid7 Adds New Managed Digital Risk Protection To Leading MDR Service for 360-Degree Detection and Response
- RPD Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- DA Davidson enterprise security analysts hold analyst/industry conference call
