Rapid7, Inc. (NASDAQ:RPD) Shares Acquired by Green Alpha Advisors LLC

Green Alpha Advisors LLC increased its holdings in Rapid7, Inc. (NASDAQ:RPD - Free Report) by 88.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 26,249 shares of the technology company's stock after purchasing an additional 12,300 shares during the period. Green Alpha Advisors LLC's holdings in Rapid7 were worth $696,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Rapid7 by 5,311.1% during the first quarter. Versant Capital Management Inc now owns 1,461 shares of the technology company's stock worth $39,000 after buying an additional 1,434 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of Rapid7 by 68.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,116 shares of the technology company's stock valued at $46,000 after purchasing an additional 455 shares during the period. Pacer Advisors Inc. lifted its stake in Rapid7 by 30.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company's stock worth $60,000 after acquiring an additional 347 shares during the period. Ostrum Asset Management lifted its stake in 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 acquiring an additional 772 shares during the period. Finally, KBC Group NV lifted its stake in 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 acquiring an additional 867 shares during the period. Institutional investors own 95.66% of the company's stock.

Rapid7 Stock Performance

Shares of NASDAQ RPD traded up $0.73 during trading on Tuesday, hitting $23.99. 608,718 shares of the company were exchanged, compared to its average volume of 841,480. Rapid7, Inc. has a 12-month low of $21.61 and a 12-month high of $44.48. The company has a fifty day moving average price of $23.99 and a 200-day moving average price of $32.37. The firm has a market capitalization of $1.54 billion, a PE ratio of 61.51 and a beta of 1.06.

Rapid7 (NASDAQ:RPD - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The technology company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.37 by $0.12. The business had revenue of $210.25 million for the quarter, compared to analyst estimates of $208.25 million. Rapid7 had a negative return on equity of 130.41% and a net margin of 3.46%. The company's quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. Research analysts anticipate that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

RPD has been the subject of a number of research reports. UBS Group lowered their price objective on shares of Rapid7 from $52.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. DA Davidson reaffirmed an "underperform" rating and issued a $21.00 price objective (down from $29.00) on shares of Rapid7 in a research note on Tuesday, May 13th. Royal Bank of Canada reaffirmed a "sector perform" rating on shares of Rapid7 in a research note on Tuesday, May 13th. Barclays reduced their target price on shares of Rapid7 from $26.00 to $25.00 and set an "equal weight" rating for the company in a report on Tuesday, May 13th. Finally, Stifel Nicolaus reduced their target price on shares of Rapid7 from $38.00 to $29.00 and set a "hold" rating for the company in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Rapid7 presently has a consensus rating of "Hold" and an average target price of $33.32.

Insider Activity at Rapid7

In related news, insider Christina Luconi sold 12,551 shares of the business's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $23.12, for a total value of $290,179.12. Following the sale, the insider now directly owns 58,165 shares in the company, valued at approximately $1,344,774.80. The trade was a 17.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.60% of the stock is owned by insiders.

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.