Rapid7 Inc. (NASDAQ:RPD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

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. “

A number of other equities research analysts have also weighed in on RPD. Barclays PLC set a $17.00 price objective on Rapid7 and gave the company a “buy” rating in a research note on Tuesday, August 9th. Rosenblatt Securities started coverage on Rapid7 in a research note on Friday, August 26th. They set a “buy” rating and a $23.00 price objective for the company. RBC Capital Markets started coverage on Rapid7 in a research note on Friday, October 14th. They set an “outperform” rating and a $19.00 price objective for the company. Finally, Royal Bank Of Canada started coverage on Rapid7 in a research note on Friday, October 14th. They set an “outperform” rating and a $19.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.43.

Analyst Recommendations for Rapid7 (NASDAQ:RPD)

Rapid7 (NASDAQ:RPD) opened at 11.87 on Wednesday. The stock has a 50 day moving average price of $15.13 and a 200-day moving average price of $14.54. Rapid7 has a 12-month low of $9.05 and a 12-month high of $20.87. The firm’s market cap is $488.17 million.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Wednesday, November 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.07. Rapid7 had a negative return on equity of 101.12% and a negative net margin of 41.53%. The business earned $40.30 million during the quarter, compared to analyst estimates of $39.42 million. During the same quarter last year, the firm earned ($0.27) earnings per share. The company’s revenue for the quarter was up 42.4% compared to the same quarter last year. Equities analysts forecast that Rapid7 will post ($0.86) earnings per share for the current year.

In related news, insider Corey E. Thomas sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $18.42, for a total value of $184,200.00. Following the sale, the insider now owns 219,757 shares of the company’s stock, valued at approximately $4,047,923.94. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Lee David Weiner sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $18.29, for a total value of $274,350.00. Following the completion of the sale, the insider now directly owns 44,843 shares in the company, valued at approximately $820,178.47. The disclosure for this sale can be found here. Company insiders own 55.30% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of Rapid7 by 11.5% in the first quarter. JPMorgan Chase & Co. now owns 168,487 shares of the company’s stock valued at $2,202,000 after buying an additional 17,387 shares during the period. Commonwealth Equity Services Inc bought a new stake in shares of Rapid7 during the second quarter valued at about $135,000. California State Teachers Retirement System increased its stake in shares of Rapid7 by 142.0% in the second quarter. California State Teachers Retirement System now owns 41,726 shares of the company’s stock valued at $525,000 after buying an additional 24,482 shares during the period. Blair William & Co. IL increased its stake in shares of Rapid7 by 25.9% in the second quarter. Blair William & Co. IL now owns 246,260 shares of the company’s stock valued at $3,098,000 after buying an additional 50,730 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Rapid7 by 75.7% in the second quarter. Bank of New York Mellon Corp now owns 58,783 shares of the company’s stock valued at $739,000 after buying an additional 25,331 shares during the period. 70.08% of the stock is currently owned by institutional investors and hedge funds.

About Rapid7

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

Receive News & Stock Ratings for Rapid7 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rapid7 Inc. and related stocks with our FREE daily email newsletter.