CSS LLC IL bought a new stake in Rapid7, Inc. (NASDAQ:RPD - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 20,800 shares of the technology company's stock, valued at approximately $837,000.
A number of other institutional investors have also made changes to their positions in RPD. Shapiro Capital Management LLC boosted its position in Rapid7 by 295.9% during the fourth quarter. Shapiro Capital Management LLC now owns 1,290,945 shares of the technology company's stock valued at $51,935,000 after purchasing an additional 964,899 shares during the last quarter. Estuary Capital Management LP acquired a new stake in shares of Rapid7 in the 4th quarter valued at approximately $20,714,000. Dendur Capital LP acquired a new stake in shares of Rapid7 in the 4th quarter valued at approximately $19,190,000. Raymond James Financial Inc. bought a new position in shares of Rapid7 in the fourth quarter valued at $12,050,000. Finally, Marshall Wace LLP raised its position in Rapid7 by 144.2% during the fourth quarter. Marshall Wace LLP now owns 475,695 shares of the technology company's stock worth $19,137,000 after acquiring an additional 280,913 shares in the last quarter. Institutional investors own 95.66% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. UBS Group decreased their price objective on shares of Rapid7 from $52.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Canaccord Genuity Group reduced their price target on Rapid7 from $43.00 to $39.00 and set a "hold" rating for the company in a report on Wednesday, May 14th. Susquehanna lowered their price target on Rapid7 from $40.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Scotiabank dropped their price objective on Rapid7 from $38.00 to $29.00 and set a "sector perform" rating on the stock in a research note on Tuesday, May 13th. Finally, Mizuho set a $30.00 price objective on Rapid7 in a research report on Wednesday, April 16th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $33.32.
View Our Latest Stock Report on RPD
Rapid7 Stock Up 1.2%
Shares of Rapid7 stock traded up $0.28 during trading on Tuesday, reaching $23.24. The company's stock had a trading volume of 151,169 shares, compared to its average volume of 847,683. The business's 50-day moving average price is $24.60 and its 200-day moving average price is $33.00. Rapid7, Inc. has a 52 week low of $21.61 and a 52 week high of $44.48. The firm has a market cap of $1.49 billion, a PE ratio of 59.54 and a beta of 1.06.
Rapid7 (NASDAQ:RPD - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The technology company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.12. Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. The business had revenue of $210.25 million during the quarter, compared to analysts' expectations of $208.25 million. During the same quarter in the previous year, the company earned $0.55 EPS. The business's revenue was up 2.5% on a year-over-year basis. Equities analysts predict that Rapid7, Inc. will post 0.35 earnings per share for the current year.
Insider Activity at Rapid7
In related news, insider Christina Luconi sold 12,551 shares of the firm's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $23.12, for a total value of $290,179.12. Following the transaction, the insider now owns 58,165 shares in the company, valued at approximately $1,344,774.80. This trade represents a 17.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is currently owned by corporate insiders.
About Rapid7
(
Free Report)
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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