CSS LLC IL bought a new stake in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,800 shares of the technology company's stock, valued at approximately $837,000.
Other institutional investors have also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Rapid7 during the 4th quarter valued at about $539,000. Raymond James Financial Inc. acquired a new stake in shares of Rapid7 during the 4th quarter valued at about $12,050,000. Principal Financial Group Inc. grew its position in shares of Rapid7 by 13.9% during the 4th quarter. Principal Financial Group Inc. now owns 54,306 shares of the technology company's stock valued at $2,185,000 after acquiring an additional 6,645 shares during the period. Invesco Ltd. grew its position in shares of Rapid7 by 5.4% during the 4th quarter. Invesco Ltd. now owns 36,487 shares of the technology company's stock valued at $1,468,000 after acquiring an additional 1,860 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Rapid7 by 17.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,900 shares of the technology company's stock valued at $358,000 after acquiring an additional 1,335 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms recently issued reports on RPD. Susquehanna lowered their price objective on Rapid7 from $40.00 to $30.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. JPMorgan Chase & Co. lowered their price objective on Rapid7 from $36.00 to $29.00 and set a "neutral" rating on the stock in a report on Monday, May 12th. Jefferies Financial Group lowered their price objective on Rapid7 from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Monday, March 31st. UBS Group lowered their price objective on Rapid7 from $52.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Rapid7 in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $33.32.
Read Our Latest Stock Report on RPD
Rapid7 Price Performance
Shares of RPD stock traded down $0.05 during trading on Friday, hitting $22.96. 478,979 shares of the stock traded hands, compared to its average volume of 850,415. The firm has a market capitalization of $1.47 billion, a P/E ratio of 58.87 and a beta of 1.06. The firm's fifty day moving average price is $24.73 and its 200-day moving average price is $33.18. Rapid7, Inc. has a 52-week low of $21.61 and a 52-week high of $44.48.
Rapid7 (NASDAQ:RPD - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The technology company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.37 by $0.12. The firm had revenue of $210.25 million for the quarter, compared to analyst estimates of $208.25 million. Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 EPS. As a group, equities research analysts expect that Rapid7, Inc. will post 0.35 earnings per share for the current year.
Insider Buying and Selling at Rapid7
In other Rapid7 news, insider Christina Luconi sold 12,551 shares of the business's stock in a transaction that occurred 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 sale, the insider now owns 58,165 shares of the company's stock, valued at $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 is available through this link. 2.60% of the stock is owned by corporate insiders.
Rapid7 Company Profile
(
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.
Featured Stories
Before you consider Rapid7, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rapid7 wasn't on the list.
While Rapid7 currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
