Rapid7 Inc. (RPD) Insider Lee David Weiner Sells 15,000 Shares of Stock
Rapid7 Inc. (NASDAQ:RPD) insider Lee David Weiner sold 15,000 shares of the stock in a transaction on Monday, October 10th. The shares were sold at an average price of $16.72, for a total value of $250,800.00. Following the sale, the insider now owns 44,843 shares in the company, valued at approximately $749,774.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Lee David Weiner also recently made the following trade(s):
- On Wednesday, September 7th, Lee David Weiner sold 15,000 shares of Rapid7 stock. The shares were sold at an average price of $18.29, for a total value of $274,350.00.
Rapid7 Inc. (NASDAQ:RPD) opened at 15.42 on Friday. The stock’s market capitalization is $626.56 million. Rapid7 Inc. has a 12 month low of $9.05 and a 12 month high of $22.14. The company has a 50 day moving average price of $17.32 and a 200 day moving average price of $14.30.
Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The company had revenue of $37.30 million for the quarter, compared to analysts’ expectations of $36.29 million. Rapid7 had a negative return on equity of 100.88% and a negative net margin of 46.51%. The firm’s 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 predict that Rapid7 Inc. will post ($0.90) earnings per share for the current year.
Several research firms have recently issued reports on RPD. Zacks Investment Research cut Rapid7 from a “hold” rating to a “sell” rating in a report on Tuesday, August 30th. Rosenblatt Securities began coverage on Rapid7 in a report on Friday, August 26th. They set a “buy” rating and a $23.00 price objective on the stock. Barclays PLC set a $17.00 price objective on Rapid7 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Finally, Cowen and Company restated a “buy” rating on shares of Rapid7 in a report on Sunday, June 26th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Rapid7 has a consensus rating of “Buy” and a consensus price target of $19.60.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in 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. Westfield Capital Management Co. LP boosted its position in Rapid7 by 6.5% in the second quarter. Westfield Capital Management Co. LP now owns 808,573 shares of the company’s stock valued at $10,172,000 after buying an additional 49,030 shares in the last quarter. Granahan Investment Management Inc. MA boosted its position in 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 position in 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. Finally, Polaris Venture Management Co. VI L.L.C. bought a new position in Rapid7 during the first quarter valued at about $5,906,000. 67.37% of the stock is currently owned by institutional investors.
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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