Rapid7, Inc. (NASDAQ:RPD) Chairman Alan Matthews sold 20,000 shares of Rapid7 stock in a transaction on Friday, January 5th. The stock was sold at an average price of $20.00, for a total value of $400,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Alan Matthews also recently made the following trade(s):

  • On Thursday, November 9th, Alan Matthews sold 20,000 shares of Rapid7 stock. The stock was sold at an average price of $20.00, for a total value of $400,000.00.

Shares of Rapid7, Inc. (RPD) traded up $0.34 on Monday, reaching $20.35. 237,065 shares of the company traded hands, compared to its average volume of 206,227. The stock has a market cap of $892.98 and a price-to-earnings ratio of -20.56. Rapid7, Inc. has a 12-month low of $12.20 and a 12-month high of $20.50.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.02. The firm had revenue of $50.50 million for the quarter, compared to analyst estimates of $49.87 million. Rapid7 had a negative net margin of 22.44% and a negative return on equity of 115.79%. Rapid7’s revenue was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.13) EPS. equities analysts predict that Rapid7, Inc. will post -1.05 EPS for the current year.

RPD has been the topic of several research analyst reports. ValuEngine upgraded shares of Rapid7 from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. BidaskClub upgraded shares of Rapid7 from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. Royal Bank of Canada boosted their price objective on shares of Rapid7 from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. Needham & Company LLC initiated coverage on shares of Rapid7 in a report on Monday, October 23rd. They issued a “buy” rating and a $23.00 price objective on the stock. Finally, Rosenblatt Securities restated a “buy” rating and issued a $23.00 price objective on shares of Rapid7 in a report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $21.05.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Citigroup Inc. grew its position in Rapid7 by 1,398.9% in the 2nd quarter. Citigroup Inc. now owns 9,788 shares of the technology company’s stock valued at $165,000 after acquiring an additional 9,135 shares in the last quarter. BT Investment Management Ltd acquired a new position in Rapid7 in the 2nd quarter valued at about $169,000. Migdal Insurance & Financial Holdings Ltd. grew its position in Rapid7 by 25.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,352 shares of the technology company’s stock valued at $173,000 after acquiring an additional 2,124 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Rapid7 in the 3rd quarter valued at about $187,000. Finally, Jane Street Group LLC acquired a new position in Rapid7 in the 3rd quarter valued at about $237,000. 70.71% of the stock is owned by institutional investors.

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About Rapid7

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.

Insider Buying and Selling by Quarter for Rapid7 (NASDAQ:RPD)

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