SG Americas Securities LLC Has $736,000 Holdings in Rapid7, Inc. (NASDAQ:RPD)

SG Americas Securities LLC raised its position in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 180.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 27,768 shares of the technology company's stock after purchasing an additional 17,860 shares during the quarter. SG Americas Securities LLC's holdings in Rapid7 were worth $736,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RPD. Versant Capital Management Inc boosted its holdings in Rapid7 by 5,311.1% during the 1st quarter. Versant Capital Management Inc now owns 1,461 shares of the technology company's stock worth $39,000 after acquiring an additional 1,434 shares during the last quarter. Skandinaviska Enskilda Banken AB publ lifted its position in 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 purchasing an additional 455 shares during the last quarter. Ostrum Asset Management lifted its position in 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 purchasing an additional 772 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Rapid7 by 2,069.2% during the first quarter. GAMMA Investing LLC now owns 5,488 shares of the technology company's stock valued at $145,000 after acquiring an additional 5,235 shares in the last quarter. Finally, One68 Global Capital LLC bought a new position in shares of Rapid7 during the fourth quarter valued at approximately $201,000. Institutional investors and hedge funds own 95.66% of the company's stock.

Insiders Place Their Bets

In other Rapid7 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 completion of the sale, the insider now directly owns 58,165 shares of the company's stock, valued at $1,344,774.80. This trade represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.60% of the company's stock.

Rapid7 Stock Down 0.6%

RPD stock opened at $23.39 on Friday. The business's 50 day simple moving average is $23.58 and its 200 day simple moving average is $30.73. The firm has a market capitalization of $1.50 billion, a PE ratio of 59.98 and a beta of 1.02. Rapid7, Inc. has a 1-year low of $21.61 and a 1-year high of $44.48. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 16.87.

Rapid7 (NASDAQ:RPD - Get Free Report) last released its earnings results on Monday, May 12th. The technology company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.12. Rapid7 had a return on equity of 2,043.18% and a net margin of 3.42%. The firm had revenue of $210.25 million during the quarter, compared to the consensus estimate of $208.25 million. During the same period in the prior year, the company posted $0.55 EPS. The company's revenue was up 2.5% compared to the same quarter last year. As a group, research analysts anticipate that Rapid7, Inc. will post 0.35 EPS for the current year.

Analyst Upgrades and Downgrades

RPD has been the topic of a number of recent research reports. Robert W. Baird increased their target price on Rapid7 from $26.00 to $28.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 13th. Barclays dropped their target price on Rapid7 from $26.00 to $25.00 and set an "equal weight" rating on the stock in a research report on Tuesday, May 13th. Canaccord Genuity Group decreased their price objective on Rapid7 from $43.00 to $39.00 and set a "hold" rating on the stock in a research note on Wednesday, May 14th. Stifel Nicolaus decreased their target price on Rapid7 from $38.00 to $29.00 and set a "hold" rating on the stock in a research note on Tuesday, May 13th. Finally, Mizuho set a $30.00 price target on Rapid7 in a report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, thirteen 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, the stock presently has an average rating of "Hold" and a consensus price target of $33.32.

Rapid7 Profile

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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