BidaskClub upgraded shares of Rapid7, Inc. (NASDAQ:RPD) from a hold rating to a buy rating in a report issued on Saturday morning.

A number of other equities research analysts have also weighed in on RPD. Zacks Investment Research lowered shares of Rapid7 from a hold rating to a sell rating in a report on Thursday. KeyCorp reaffirmed a buy rating and set a $25.00 price target on shares of Rapid7 in a report on Friday. Susquehanna Bancshares Inc raised shares of Rapid7 from a neutral rating to a positive rating and set a $20.00 price target for the company in a report on Tuesday, August 8th. UBS AG raised shares of Rapid7 from a neutral rating to a positive rating and set a $20.00 price target for the company in a report on Tuesday, August 8th. Finally, Northland Securities reaffirmed a buy rating and set a $23.00 price target on shares of Rapid7 in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $20.19.

Rapid7 (RPD) traded down 0.43% during trading on Friday, hitting $18.47. 176,902 shares of the company’s stock traded hands. The stock’s market cap is $796.26 million. The firm’s 50-day moving average price is $17.49 and its 200 day moving average price is $17.49. Rapid7 has a 12-month low of $10.63 and a 12-month high of $18.65.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Monday, August 7th. The technology company reported ($0.26) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.04. Rapid7 had a negative net margin of 23.67% and a negative return on equity of 98.26%. The business had revenue of $47.44 million for the quarter, compared to the consensus estimate of $46.31 million. During the same quarter last year, the firm posted ($0.22) EPS. The business’s revenue for the quarter was up 27.3% compared to the same quarter last year. Analysts anticipate that Rapid7 will post ($0.62) earnings per share for the current fiscal year.

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In related news, Chairman Alan Matthews sold 52,770 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $17.22, for a total transaction of $908,699.40. Following the completion of the sale, the chairman now directly owns 3,152,177 shares of the company’s stock, valued at approximately $54,280,487.94. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Lee David Weiner sold 21,000 shares of the firm’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $16.64, for a total transaction of $349,440.00. Following the sale, the insider now directly owns 77,212 shares of the company’s stock, valued at $1,284,807.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 93,770 shares of company stock valued at $1,601,139. Company insiders own 56.90% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RPD. Wasatch Advisors Inc. grew its holdings in Rapid7 by 51.1% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,975,177 shares of the technology company’s stock worth $33,242,000 after acquiring an additional 668,273 shares in the last quarter. Vanguard Group Inc. grew its holdings in Rapid7 by 6.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,428,575 shares of the technology company’s stock worth $24,044,000 after acquiring an additional 87,101 shares in the last quarter. ETF Managers Group LLC acquired a new position in Rapid7 during the 2nd quarter worth $19,395,000. Voya Investment Management LLC grew its holdings in Rapid7 by 3.3% during the 2nd quarter. Voya Investment Management LLC now owns 995,428 shares of the technology company’s stock worth $16,754,000 after acquiring an additional 31,664 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in Rapid7 by 7.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 704,087 shares of the technology company’s stock worth $10,547,000 after acquiring an additional 49,970 shares in the last quarter. 71.01% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Rapid7 (NASDAQ:RPD)

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