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 firm’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of $12.00, for a total transaction of $180,000.00. Following the sale, the insider now directly owns 44,235 shares in the company, valued at approximately $530,820. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Lee David Weiner also recently made the following trade(s):
- On Monday, October 10th, Lee David Weiner sold 15,000 shares of Rapid7 stock. The shares were sold at an average price of $16.72, for a total transaction of $250,800.00.
- 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 transaction of $274,350.00.
Rapid7 Inc. (NASDAQ:RPD) traded down 1.553% during trading on Tuesday, reaching $11.666. The company’s stock had a trading volume of 22,424 shares. The stock’s 50-day moving average is $14.49 and its 200 day moving average is $14.52. The firm’s market capitalization is $479.78 million. Rapid7 Inc. has a 52-week low of $9.05 and a 52-week high of $19.34.
Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.07. The firm earned $40.30 million during the quarter, compared to the consensus estimate of $39.42 million. Rapid7 had a negative return on equity of 101.12% and a negative net margin of 41.53%. The business’s revenue for the quarter was up 42.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.27) EPS. On average, analysts predict that Rapid7 Inc. will post ($0.86) EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in RPD. Credit Suisse AG increased its stake in Rapid7 by 10.6% in the third quarter. Credit Suisse AG now owns 43,365 shares of the company’s stock worth $766,000 after buying an additional 4,148 shares during the period. The Manufacturers Life Insurance Company purchased a new stake in Rapid7 during the third quarter worth $277,000. United Services Automobile Association increased its stake in Rapid7 by 19.4% in the third quarter. United Services Automobile Association now owns 122,600 shares of the company’s stock worth $2,164,000 after buying an additional 19,900 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Rapid7 during the third quarter worth $658,000. Finally, Polar Capital LLP increased its stake in Rapid7 by 27.4% in the third quarter. Polar Capital LLP now owns 324,604 shares of the company’s stock worth $5,723,000 after buying an additional 69,760 shares during the period. 68.99% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on RPD shares. Rosenblatt Securities began coverage on shares of Rapid7 in a report on Friday, August 26th. They issued a “buy” rating and a $23.00 target price on the stock. RBC Capital Markets began coverage on shares of Rapid7 in a research report on Friday, October 14th. They issued an “outperform” rating and a $19.00 price objective on the stock. Zacks Investment Research lowered shares of Rapid7 from a “hold” rating to a “sell” rating in a research report on Tuesday, September 20th. Royal Bank Of Canada began coverage on shares of Rapid7 in a research report on Friday, October 14th. They set an “outperform” rating and a $19.00 target price on the stock. Finally, 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. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $19.43.
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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