Universal Beteiligungs und Servicegesellschaft mbH Purchases New Holdings in Rapid7, Inc. (NASDAQ:RPD)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Rapid7, Inc. (NASDAQ:RPD - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 54,278 shares of the technology company's stock, valued at approximately $1,439,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.08% of Rapid7 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Rapid7 by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 8,618,480 shares of the technology company's stock worth $346,721,000 after purchasing an additional 60,095 shares during the last quarter. JANA Partners Management LP boosted its holdings in shares of Rapid7 by 0.9% during the 4th quarter. JANA Partners Management LP now owns 3,690,129 shares of the technology company's stock worth $148,454,000 after purchasing an additional 34,589 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Rapid7 by 95.8% during the 1st quarter. Penserra Capital Management LLC now owns 1,880,084 shares of the technology company's stock worth $49,841,000 after purchasing an additional 919,955 shares during the last quarter. Shapiro Capital Management LLC boosted its holdings in shares of Rapid7 by 295.9% during the 4th quarter. Shapiro Capital Management LLC now owns 1,290,945 shares of the technology company's stock worth $51,935,000 after purchasing an additional 964,899 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Rapid7 by 6.8% during the 4th quarter. First Trust Advisors LP now owns 1,255,731 shares of the technology company's stock worth $50,518,000 after purchasing an additional 79,836 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

Rapid7 Stock Down 2.5%

Rapid7 stock opened at $21.12 on Friday. Rapid7, Inc. has a twelve month low of $20.98 and a twelve month high of $44.48. The stock's fifty day simple moving average is $23.24 and its 200-day simple moving average is $27.30. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 16.87. The firm has a market capitalization of $1.36 billion, a P/E ratio of 54.16 and a beta of 1.01.

Rapid7 (NASDAQ:RPD - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The technology company reported $0.49 earnings per share for the quarter, topping 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 business had revenue of $210.25 million for the quarter, compared to analyst estimates of $208.25 million. During the same quarter in the prior year, the company earned $0.55 earnings per share. The company's revenue was up 2.5% on a year-over-year basis. As a group, equities analysts expect that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RPD has been the topic of several analyst reports. Wall Street Zen lowered shares of Rapid7 from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th. Canaccord Genuity Group reduced their price target on shares of Rapid7 from $43.00 to $39.00 and set a "hold" rating on the stock in a research report on Wednesday, May 14th. Susquehanna reduced their price target on shares of Rapid7 from $40.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 13th. Morgan Stanley lifted their price target on shares of Rapid7 from $26.00 to $28.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 13th. Finally, Scotiabank reduced their price target on shares of Rapid7 from $38.00 to $29.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Rapid7 currently has an average rating of "Hold" and an average target price of $33.16.

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.

Want to see what other hedge funds are holding RPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rapid7, Inc. (NASDAQ:RPD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.