Zacks Investment Research upgraded shares of Rapid7 Inc. (NASDAQ:RPD) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.

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 equities analysts have also recently weighed in on RPD. Rosenblatt Securities assumed coverage on shares of Rapid7 in a research note on Friday, August 26th. They set a buy rating and a $23.00 price target for the company. Royal Bank Of Canada assumed coverage on shares of Rapid7 in a research note on Friday, October 14th. They set an outperform rating and a $19.00 price target for the company. RBC Capital Markets assumed coverage on shares of Rapid7 in a research note on Friday, October 14th. They set an outperform rating and a $19.00 price target for the company. Finally, Barclays PLC set a $17.00 price target on shares of Rapid7 and gave the stock a buy rating in a research note on Tuesday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Rapid7 currently has an average rating of Buy and a consensus target price of $19.43.

Analyst Recommendations for Rapid7 (NASDAQ:RPD)

Rapid7 (NASDAQ:RPD) opened at 11.60 on Tuesday. The company’s 50-day moving average is $14.33 and its 200 day moving average is $14.52. The firm’s market capitalization is $477.06 million. Rapid7 has a 1-year low of $9.05 and a 1-year high of $19.34.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Wednesday, November 9th. The company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.07. The firm had revenue of $40.30 million for the quarter, compared to the consensus estimate of $39.42 million. Rapid7 had a negative net margin of 41.53% and a negative return on equity of 101.12%. The business’s quarterly revenue was up 42.4% on a year-over-year basis. During the same period last year, the company posted ($0.27) EPS. On average, equities analysts expect that Rapid7 will post ($0.86) EPS for the current fiscal year.

In related news, insider Corey E. Thomas sold 25,000 shares of the business’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $18.05, for a total value of $451,250.00. Following the completion of the transaction, the insider now owns 194,757 shares of the company’s stock, valued at $3,515,363.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Lee David Weiner sold 15,000 shares of the business’s stock in a transaction dated Thursday, November 17th. The shares were sold at an average price of $12.00, for a total value of $180,000.00. Following the completion of the transaction, the insider now directly owns 44,235 shares of the company’s stock, valued at approximately $530,820. The disclosure for this sale can be found here. Insiders own 55.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System increased its position in Rapid7 by 1.0% in the third quarter. California State Teachers Retirement System now owns 42,126 shares of the company’s stock worth $744,000 after buying an additional 400 shares during the period. Rhumbline Advisers increased its position in Rapid7 by 4.2% in the third quarter. Rhumbline Advisers now owns 16,177 shares of the company’s stock worth $286,000 after buying an additional 645 shares during the period. BlackRock Advisors LLC increased its position in Rapid7 by 52.4% in the third quarter. BlackRock Advisors LLC now owns 8,776 shares of the company’s stock worth $155,000 after buying an additional 3,018 shares during the period. BlackRock Investment Management LLC increased its position in Rapid7 by 4.8% in the third quarter. BlackRock Investment Management LLC now owns 75,633 shares of the company’s stock worth $1,335,000 after buying an additional 3,436 shares during the period. Finally, Credit Suisse AG increased its position 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. 68.99% of the stock is owned by institutional investors and hedge funds.

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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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