Rapid7 Inc. (NASDAQ:RPD) insider Corey E. Thomas sold 10,000 shares of the firm’s stock in a transaction on Monday, November 7th. The stock was sold at an average price of $13.83, for a total value of $138,300.00. Following the transaction, the insider now directly owns 184,757 shares of the company’s stock, valued at $2,555,189.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Rapid7 Inc. (NASDAQ:RPD) opened at 14.23 on Thursday. The firm’s 50-day moving average price is $15.75 and its 200-day moving average price is $14.54. The firm’s market capitalization is $578.21 million. Rapid7 Inc. has a one year low of $9.05 and a one year high of $21.27.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Wednesday, November 9th. The company reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.07. The firm earned $40.30 million during the quarter, compared to analyst estimates of $39.42 million. Rapid7 had a negative net margin of 46.51% and a negative return on equity of 100.88%. The business’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same period in the previous year, the business earned ($0.27) EPS. On average, equities analysts forecast that Rapid7 Inc. will post ($0.91) earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. bought a new position in shares of Rapid7 during the third quarter valued at about $999,000. California State Teachers Retirement System raised its position in shares of Rapid7 by 1.0% in the third quarter. California State Teachers Retirement System now owns 42,126 shares of the company’s stock valued at $744,000 after buying an additional 400 shares during the period. Ameriprise Financial Inc. raised its position in shares of Rapid7 by 14.3% in the third quarter. Ameriprise Financial Inc. now owns 81,764 shares of the company’s stock valued at $1,443,000 after buying an additional 10,250 shares during the period. BlackRock Institutional Trust Company N.A. raised its position in shares of Rapid7 by 35.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 390,765 shares of the company’s stock valued at $6,897,000 after buying an additional 101,215 shares during the period. Finally, Rhumbline Advisers raised its position in shares of Rapid7 by 4.2% in the third quarter. Rhumbline Advisers now owns 16,177 shares of the company’s stock valued at $286,000 after buying an additional 645 shares during the period. Hedge funds and other institutional investors own 67.39% of the company’s stock.

Several brokerages recently issued reports on RPD. Royal Bank Of Canada began coverage on Rapid7 in a research report on Friday, October 14th. They set an “outperform” rating and a $19.00 target price for the company. RBC Capital Markets began coverage on Rapid7 in a research report on Friday, October 14th. They set an “outperform” rating and a $19.00 target price for the company. Zacks Investment Research raised Rapid7 from a “sell” rating to a “hold” rating in a research report on Wednesday, October 12th. Rosenblatt Securities began coverage on Rapid7 in a research report on Friday, August 26th. They set a “buy” rating and a $23.00 target price for the company. Finally, Barclays PLC set a $17.00 target price on Rapid7 and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.43.

Rapid7 Company Profile

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.

5 Day Chart for NASDAQ:RPD

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