Rapid7, Inc. (NASDAQ:RPD) Position Increased by Green Alpha Advisors LLC

Green Alpha Advisors LLC raised its position in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 88.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,249 shares of the technology company's stock after acquiring an additional 12,300 shares during the quarter. Green Alpha Advisors LLC's holdings in Rapid7 were worth $696,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc raised its stake in shares of Rapid7 by 5,311.1% in the first quarter. Versant Capital Management Inc now owns 1,461 shares of the technology company's stock valued at $39,000 after acquiring an additional 1,434 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Rapid7 by 68.8% in the fourth 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 in the last quarter. Pacer Advisors Inc. raised its stake in shares of Rapid7 by 30.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company's stock valued at $60,000 after acquiring an additional 347 shares in the last quarter. Ostrum Asset Management raised its stake 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 valued at $100,000 after acquiring an additional 772 shares in the last quarter. Finally, KBC Group NV raised 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 valued at $108,000 after acquiring an additional 867 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company's stock.

Rapid7 Price Performance

Shares of RPD stock traded down $0.07 during midday trading on Thursday, reaching $23.29. 175,102 shares of the company traded hands, compared to its average volume of 838,685. Rapid7, Inc. has a 1-year low of $21.61 and a 1-year high of $44.48. The firm has a market cap of $1.50 billion, a PE ratio of 59.72 and a beta of 1.06. The firm's 50 day simple moving average is $23.81 and its two-hundred day simple moving average is $32.25.

Rapid7 (NASDAQ:RPD - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The technology company reported $0.49 EPS for the quarter, topping analysts' consensus estimates 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 firm's revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.55 EPS. As a group, research analysts anticipate that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. DA Davidson restated an "underperform" rating and issued a $21.00 price target (down from $29.00) on shares of Rapid7 in a research note on Tuesday, May 13th. Stephens began coverage on Rapid7 in a report on Tuesday, April 1st. They set an "equal weight" rating and a $33.00 price target on the stock. Mizuho set a $30.00 price target on Rapid7 in a report on Wednesday, April 16th. UBS Group lowered their price target on Rapid7 from $52.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Finally, Citigroup lowered their price target on Rapid7 from $46.00 to $44.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Rapid7 presently has an average rating of "Hold" and a consensus price target of $33.32.

Insider Activity

In other Rapid7 news, insider Christina Luconi sold 12,551 shares of the firm's stock in a transaction that occurred on 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 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 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.