Rapid7 Inc (NASDAQ:RPD) Director Benjamin Nye sold 2,182,713 shares of the business’s stock in a transaction dated Monday, November 12th. The stock was sold at an average price of $33.00, for a total value of $72,029,529.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

RPD opened at $31.88 on Wednesday. Rapid7 Inc has a 12-month low of $17.64 and a 12-month high of $39.40. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market capitalization of $1.64 billion, a PE ratio of -30.36 and a beta of 1.02.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.05. Rapid7 had a negative return on equity of 76.86% and a negative net margin of 23.83%. The firm had revenue of $62.40 million during the quarter, compared to analysts’ expectations of $59.50 million. During the same period in the prior year, the business earned ($0.15) EPS. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. As a group, equities research analysts expect that Rapid7 Inc will post -1.01 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Invictus RG boosted its holdings in shares of Rapid7 by 111.2% in the 3rd quarter. Invictus RG now owns 18,902 shares of the technology company’s stock worth $698,000 after purchasing an additional 9,953 shares in the last quarter. Ibex Investors LLC purchased a new position in shares of Rapid7 in the 3rd quarter worth about $210,000. Osterweis Capital Management Inc. boosted its holdings in shares of Rapid7 by 46.3% in the 3rd quarter. Osterweis Capital Management Inc. now owns 301,230 shares of the technology company’s stock worth $11,121,000 after purchasing an additional 95,330 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Rapid7 by 8.6% in the 3rd quarter. Renaissance Technologies LLC now owns 1,085,596 shares of the technology company’s stock worth $40,080,000 after purchasing an additional 86,396 shares in the last quarter. Finally, Regis Management CO LLC purchased a new position in shares of Rapid7 in the 3rd quarter worth about $1,058,000. Hedge funds and other institutional investors own 79.30% of the company’s stock.

Several equities analysts recently commented on RPD shares. Morgan Stanley set a $35.00 target price on Rapid7 and gave the stock a “hold” rating in a research report on Wednesday, November 7th. Stifel Nicolaus boosted their target price on Rapid7 from $42.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. BidaskClub cut Rapid7 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Monness Crespi & Hardt boosted their target price on Rapid7 from $38.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, November 7th. Finally, Needham & Company LLC boosted their target price on Rapid7 from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. Three research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.79.

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About Rapid7

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enables customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.

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