29,047 Shares in Rapid7, Inc. (NASDAQ:RPD) Bought by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. bought a new stake in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 29,047 shares of the technology company's stock, valued at approximately $1,169,000.

Several other hedge funds have also bought and sold shares of the stock. Skandinaviska Enskilda Banken AB publ grew its stake in shares of Rapid7 by 68.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,116 shares of the technology company's stock valued at $46,000 after acquiring an additional 455 shares during the period. Pacer Advisors Inc. lifted its holdings in Rapid7 by 30.4% during the fourth quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company's stock valued at $60,000 after purchasing an additional 347 shares in the last quarter. Ostrum Asset Management boosted its position in shares of Rapid7 by 45.3% in the fourth quarter. Ostrum Asset Management now owns 2,478 shares of the technology company's stock worth $100,000 after purchasing an additional 772 shares during the period. KBC Group NV increased its stake in shares of Rapid7 by 47.7% in the fourth quarter. KBC Group NV now owns 2,686 shares of the technology company's stock worth $108,000 after purchasing an additional 867 shares in the last quarter. Finally, One68 Global Capital LLC purchased a new stake in shares of Rapid7 in the fourth quarter worth $201,000. Institutional investors own 95.66% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on RPD. Morgan Stanley dropped their target price on shares of Rapid7 from $33.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Robert W. Baird dropped their price objective on Rapid7 from $43.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, February 13th. Mizuho set a $30.00 target price on Rapid7 in a research note on Wednesday, April 16th. Raymond James dropped their price target on Rapid7 from $55.00 to $45.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Rapid7 from $42.00 to $40.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Fifteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Rapid7 has an average rating of "Hold" and an average price target of $37.32.

Rapid7 Stock Performance

NASDAQ:RPD opened at $23.83 on Monday. The firm has a market capitalization of $1.53 billion, a PE ratio of 61.10 and a beta of 1.06. The stock's fifty day moving average is $26.08 and its 200 day moving average is $34.80. Rapid7, Inc. has a fifty-two week low of $21.61 and a fifty-two week high of $46.84.

Rapid7 (NASDAQ:RPD - Get Free Report) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.38). Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. Equities analysts forecast that Rapid7, Inc. will post 0.35 EPS for the current year.

Insider Buying and Selling at Rapid7

In other news, insider Christina Luconi sold 12,551 shares of the business's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $23.12, for a total transaction of $290,179.12. Following the completion of the sale, the insider now directly owns 58,165 shares of the company's stock, valued at approximately $1,344,774.80. The trade was a 17.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.60% of the company's stock.

About Rapid7

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.

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