Vident Advisory LLC Boosts Stock Holdings in Rapid7, Inc. (NASDAQ:RPD)

Vident Advisory LLC boosted its position in Rapid7, Inc. (NASDAQ:RPD - Free Report) by 47.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,818 shares of the technology company's stock after buying an additional 10,923 shares during the quarter. Vident Advisory LLC owned approximately 0.05% of Rapid7 worth $1,360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RPD. SG Americas Securities LLC grew its stake in Rapid7 by 126.6% in the 4th quarter. SG Americas Securities LLC now owns 9,908 shares of the technology company's stock valued at $399,000 after buying an additional 5,536 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in Rapid7 by 0.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 69,154 shares of the technology company's stock valued at $2,782,000 after buying an additional 446 shares during the last quarter. KBC Group NV grew its position in Rapid7 by 47.7% in the 4th quarter. KBC Group NV now owns 2,686 shares of the technology company's stock worth $108,000 after purchasing an additional 867 shares during the last quarter. Pacer Advisors Inc. grew its position in Rapid7 by 30.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company's stock worth $60,000 after purchasing an additional 347 shares during the last quarter. Finally, E. Ohman J or Asset Management AB acquired a new stake in Rapid7 in the 4th quarter worth $1,408,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Rapid7 Price Performance

Shares of NASDAQ:RPD traded up $0.13 during mid-day trading on Thursday, hitting $22.50. The company had a trading volume of 117,697 shares, compared to its average volume of 845,598. The firm has a fifty day moving average price of $24.38 and a 200 day moving average price of $32.86. The company has a market capitalization of $1.45 billion, a PE ratio of 57.57 and a beta of 1.06. Rapid7, Inc. has a one year low of $21.61 and a one year high of $44.48.

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

Analyst Ratings Changes

RPD has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of Rapid7 from $36.00 to $29.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Susquehanna lowered their target price on shares of Rapid7 from $40.00 to $30.00 and set a "neutral" rating for the company in a research note on Tuesday, May 13th. UBS Group reduced their price target on shares of Rapid7 from $52.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, February 13th. DA Davidson reiterated an "underperform" rating and issued a $21.00 price target (down previously from $29.00) on shares of Rapid7 in a report on Tuesday, May 13th. Finally, Raymond James dropped their price target on shares of Rapid7 from $45.00 to $40.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $33.32.

Insider Activity at Rapid7

In related news, insider Christina Luconi sold 12,551 shares of Rapid7 stock in a transaction 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 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.60% of the stock is currently owned by insiders.

Rapid7 Company 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.