Rapid7 Inc. (RPD) Upgraded to “Hold” at Zacks Investment Research
According to Zacks, “Rapid7, Inc. offers security data and analytics solutions. The Company provides solutions which consist of threat exposure management, incident detection and response solutions as well as security advisory services. Rapid7, Inc. is based in Boston, United States. “
Several other analysts also recently issued reports on the stock. Barclays PLC set a $17.00 price objective on shares of Rapid7 and gave the stock a buy rating in a research note on Tuesday, August 9th. Rosenblatt Securities started coverage on shares of Rapid7 in a research note on Friday, August 26th. They issued a buy rating and a $23.00 price objective for the company. Macquarie assumed coverage on shares of Rapid7 in a research note on Friday, July 8th. They issued a neutral rating and a $16.00 price objective for the company. Finally, Cowen and Company reaffirmed a buy rating on shares of Rapid7 in a research note on Sunday, June 26th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus target price of $20.67.
Rapid7 (NASDAQ:RPD) opened at 15.62 on Wednesday. The company has a 50-day moving average price of $17.40 and a 200 day moving average price of $14.29. Rapid7 has a 52-week low of $9.05 and a 52-week high of $22.14. The company’s market capitalization is $634.69 million.
Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data 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 earned $37.30 million during the quarter, compared to the consensus estimate of $36.29 million. Rapid7 had a negative net margin of 46.51% and a negative return on equity of 100.88%. The firm’s quarterly revenue was up 44.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.61) earnings per share. Equities research analysts anticipate that Rapid7 will post ($0.90) earnings per share for the current year.
In other news, insider Corey E. Thomas sold 10,000 shares of Rapid7 stock in a transaction on Tuesday, September 6th. The shares were sold at an average price of $18.42, for a total transaction of $184,200.00. Following the completion of the sale, the insider now directly owns 219,757 shares in the company, valued at $4,047,923.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lee David Weiner sold 15,000 shares of Rapid7 stock in a transaction on Monday, October 10th. The stock was sold at an average price of $16.72, for a total transaction of $250,800.00. Following the sale, the insider now owns 44,843 shares of the company’s stock, valued at $749,774.96. The disclosure for this sale can be found here. 55.30% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the company. Cutler Group LP bought a new stake in Rapid7 during the third quarter valued at approximately $104,000. Commonwealth Equity Services Inc acquired a new position in Rapid7 during the second quarter worth about $135,000. American International Group Inc. increased its position in Rapid7 by 143.8% in the second quarter. American International Group Inc. now owns 11,455 shares of the company’s stock worth $144,000 after buying an additional 6,756 shares in the last quarter. Nationwide Fund Advisors increased its position in Rapid7 by 160.1% in the second quarter. Nationwide Fund Advisors now owns 12,737 shares of the company’s stock worth $160,000 after buying an additional 7,840 shares in the last quarter. Finally, Barclays PLC increased its position in Rapid7 by 1,990.4% in the second quarter. Barclays PLC now owns 13,316 shares of the company’s stock worth $167,000 after buying an additional 12,679 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.
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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