Rapid7 Inc. (RPD) Upgraded to “Hold” at Zacks Investment Research
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. “
Other research analysts also recently issued research reports about the company. Barclays PLC set a $17.00 target price on Rapid7 and gave the stock a buy rating in a research note on Tuesday, August 9th. Rosenblatt Securities began coverage on Rapid7 in a research note on Friday, August 26th. They issued a buy rating and a $23.00 target price for the company. 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 price target for the company. Finally, RBC Capital Markets began coverage on Rapid7 in a research report on Friday, October 14th. They set an outperform rating and a $19.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $19.43.
Rapid7 (NASDAQ:RPD) opened at 11.76 on Tuesday. The firm’s market cap is $483.64 million. Rapid7 has a 1-year low of $9.05 and a 1-year high of $19.29. The stock has a 50 day moving average price of $13.77 and a 200 day moving average price of $14.55.
Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Wednesday, November 9th. The company reported ($0.13) earnings per share for the quarter, topping the consensus estimate 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 company earned $40.30 million during the quarter, compared to analyst estimates of $39.42 million. During the same quarter last year, the firm posted ($0.27) EPS. The firm’s revenue for the quarter was up 42.4% on a year-over-year basis. On average, analysts anticipate that Rapid7 will post ($0.85) EPS for the current year.
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In other Rapid7 news, insider Corey E. Thomas sold 10,000 shares of Rapid7 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 transaction, the insider now directly owns 219,757 shares of the company’s stock, valued at approximately $4,047,923.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Lee David Weiner sold 15,000 shares of Rapid7 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 transaction, the insider now directly owns 44,843 shares in the company, valued at $820,178.47. The disclosure for this sale can be found here. 55.30% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. acquired a new position in Rapid7 during the third quarter valued at about $12,166,000. 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 during the period. Polar Capital LLP acquired a new position in Rapid7 during the second quarter valued at about $3,203,000. 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 during the period. Finally, State Street Corp boosted its position in Rapid7 by 170.9% in the second quarter. State Street Corp now owns 275,367 shares of the company’s stock valued at $3,465,000 after buying an additional 173,723 shares during the period. 69.24% of the stock is currently owned by institutional investors and hedge funds.
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.
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