Tudor Investment Corp ET AL increased its position in Rapid7, Inc. (NASDAQ:RPD) by 10.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 65,897 shares of the technology company’s stock after buying an additional 5,982 shares during the period. Tudor Investment Corp ET AL owned 0.15% of Rapid7 worth $1,109,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its holdings in Rapid7 by 1.4% in the first quarter. Alliancebernstein L.P. now owns 21,800 shares of the technology company’s stock worth $327,000 after buying an additional 300 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in Rapid7 by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 67,670 shares of the technology company’s stock worth $1,139,000 after buying an additional 399 shares during the last quarter. American International Group Inc. increased its holdings in Rapid7 by 7.1% in the first quarter. American International Group Inc. now owns 12,257 shares of the technology company’s stock worth $184,000 after buying an additional 815 shares during the last quarter. Rhumbline Advisers increased its holdings in Rapid7 by 12.8% in the second quarter. Rhumbline Advisers now owns 23,331 shares of the technology company’s stock worth $393,000 after buying an additional 2,640 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its holdings in Rapid7 by 23.6% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 15,620 shares of the technology company’s stock worth $234,000 after buying an additional 2,980 shares during the last quarter. Hedge funds and other institutional investors own 71.01% of the company’s stock.

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A number of research firms recently commented on RPD. Zacks Investment Research downgraded Rapid7 from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub upgraded Rapid7 from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Susquehanna Bancshares Inc upgraded Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 price objective on the stock in a report on Tuesday, August 8th. UBS AG upgraded Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 price objective on the stock in a report on Tuesday, August 8th. Finally, ValuEngine downgraded Rapid7 from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. Rapid7 presently has a consensus rating of “Hold” and an average target price of $19.50.

Rapid7, Inc. (RPD) opened at 18.15 on Thursday. The firm’s 50-day moving average price is $17.37 and its 200 day moving average price is $17.37. Rapid7, Inc. has a one year low of $10.63 and a one year high of $18.20. The firm’s market cap is $782.46 million.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Monday, August 7th. The technology company reported ($0.26) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. The firm had revenue of $47.44 million for the quarter, compared to analyst estimates of $46.31 million. Rapid7 had a negative return on equity of 98.26% and a negative net margin of 23.67%. The business’s quarterly revenue was up 27.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.22) EPS. On average, equities research analysts forecast that Rapid7, Inc. will post ($0.62) EPS for the current year.

In other Rapid7 news, insider Lee David Weiner sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $17.15, for a total transaction of $343,000.00. Following the transaction, the insider now owns 76,212 shares of the company’s stock, valued at approximately $1,307,035.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Alan Matthews sold 52,770 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $17.22, for a total value of $908,699.40. Following the transaction, the chairman now directly owns 3,152,177 shares in the company, valued at approximately $54,280,487.94. The disclosure for this sale can be found here. Insiders have sold a total of 93,770 shares of company stock worth $1,601,139 in the last ninety days. Insiders own 56.90% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.

Institutional Ownership by Quarter for Rapid7 (NASDAQ:RPD)

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