Rapid7 Inc. (RPD) Insider Corey E. Thomas Sells 25,000 Shares
Rapid7 Inc. (NASDAQ:RPD) insider Corey E. Thomas sold 25,000 shares of Rapid7 stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $18.05, for a total transaction of $451,250.00. Following the completion of the transaction, the insider now directly owns 194,757 shares in the company, valued at approximately $3,515,363.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of Rapid7 Inc. (NASDAQ:RPD) opened at 16.62 on Friday. The stock’s market capitalization is $675.32 million. Rapid7 Inc. has a 12-month low of $9.05 and a 12-month high of $23.62. The stock has a 50 day moving average of $17.59 and a 200 day moving average of $14.22.
Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The business had revenue of $37.30 million for the quarter, compared to analysts’ expectations of $36.29 million. Rapid7 had a negative net margin of 46.51% and a negative return on equity of 100.88%. The business’s quarterly revenue was up 44.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.61) earnings per share. Equities research analysts anticipate that Rapid7 Inc. will post ($0.90) EPS for the current fiscal year.
Several research firms have weighed in on RPD. Zacks Investment Research downgraded shares of Rapid7 from a “hold” rating to a “sell” rating in a research report on Tuesday, August 30th. Macquarie began coverage on shares of Rapid7 in a research report on Friday, July 8th. They set a “neutral” rating and a $16.00 target price on the stock. Barclays PLC set a $17.00 target price on shares of Rapid7 and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Finally, Rosenblatt Securities began coverage on shares of Rapid7 in a research report on Friday, August 26th. They set a “buy” rating and a $23.00 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. The company has an average rating of “Buy” and an average target price of $20.67.
Several hedge funds have recently modified their holdings of RPD. Polaris Venture Management Co. VI L.L.C. acquired a new stake in shares of Rapid7 during the first quarter valued at about $5,906,000. Granahan Investment Management Inc. MA boosted its stake in shares of Rapid7 by 153.0% in the first quarter. Granahan Investment Management Inc. MA now owns 489,600 shares of the company’s stock valued at $6,399,000 after buying an additional 296,100 shares in the last quarter. BlackRock Fund Advisors boosted its stake in shares of Rapid7 by 149.7% in the second quarter. BlackRock Fund Advisors now owns 470,872 shares of the company’s stock valued at $5,924,000 after buying an additional 282,298 shares in the last quarter. Polar Capital LLP acquired a new stake in shares of Rapid7 during the second quarter valued at about $3,203,000. Finally, Vanguard Group Inc. boosted its stake in shares of Rapid7 by 28.2% in the second quarter. Vanguard Group Inc. now owns 1,036,961 shares of the company’s stock valued at $13,046,000 after buying an additional 227,869 shares in the last quarter. 67.37% of the stock is currently owned by institutional investors and hedge funds.
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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