SG Americas Securities LLC Acquires 17,860 Shares of Rapid7, Inc. (NASDAQ:RPD)

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

Several other hedge funds and other institutional investors also recently modified their holdings of RPD. Skandinaviska Enskilda Banken AB publ grew its holdings in Rapid7 by 68.8% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,116 shares of the technology company's stock worth $46,000 after buying an additional 455 shares in the last quarter. Ostrum Asset Management boosted its position in Rapid7 by 45.3% during the 4th 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. Versant Capital Management Inc grew 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 worth $39,000 after purchasing an additional 1,434 shares in the last quarter. Graham Capital Management L.P. grew its stake in shares of Rapid7 by 11.8% in the fourth quarter. Graham Capital Management L.P. now owns 17,230 shares of the technology company's stock worth $693,000 after purchasing an additional 1,813 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Rapid7 by 5.4% during the fourth quarter. Invesco Ltd. now owns 36,487 shares of the technology company's stock valued at $1,468,000 after purchasing an additional 1,860 shares during the period. Institutional investors and hedge funds own 95.66% of the company's stock.

Analysts Set New Price Targets

RPD has been the subject of a number of recent analyst reports. Mizuho set a $30.00 target price on shares of Rapid7 in a research report on Wednesday, April 16th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of Rapid7 in a report on Tuesday, May 13th. Stifel Nicolaus dropped their target price on Rapid7 from $38.00 to $29.00 and set a "hold" rating on the stock in a report on Tuesday, May 13th. JPMorgan Chase & Co. cut their target price on Rapid7 from $36.00 to $29.00 and set a "neutral" rating for the company in a research report on Monday, May 12th. Finally, Stephens began coverage on Rapid7 in a research report on Tuesday, April 1st. They set an "equal weight" rating and a $33.00 price target on the stock. One investment 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. According to MarketBeat.com, Rapid7 has an average rating of "Hold" and an average target price of $33.32.

Insider Transactions at Rapid7

In related news, insider Christina Luconi sold 12,551 shares of Rapid7 stock in a transaction on Monday, April 7th. The stock was sold at an average price of $23.12, for a total transaction of $290,179.12. Following the completion of the sale, the insider now owns 58,165 shares of the company's stock, valued at approximately $1,344,774.80. This trade represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is owned by insiders.

Rapid7 Trading Up 0.8%

Shares of NASDAQ:RPD traded up $0.18 during mid-day trading on Tuesday, hitting $23.40. The stock had a trading volume of 963,173 shares, compared to its average volume of 822,774. The company's 50 day moving average is $23.57 and its 200-day moving average is $30.41. Rapid7, Inc. has a 12-month low of $21.61 and a 12-month high of $44.48. The company has a debt-to-equity ratio of 16.87, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $1.50 billion, a PE ratio of 60.00 and a beta of 1.02.

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

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.