Rapid7, Inc. (NASDAQ:RPD) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC decreased its holdings in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 70.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,623 shares of the technology company's stock after selling 33,054 shares during the period. Hsbc Holdings PLC's holdings in Rapid7 were worth $547,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of RPD. Pacer Advisors Inc. raised its holdings in shares of 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 period. Exchange Traded Concepts LLC increased its position in shares of Rapid7 by 0.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 69,154 shares of the technology company's stock worth $2,782,000 after acquiring an additional 446 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its stake in shares of Rapid7 by 68.8% in the 4th 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 during the period. Ostrum Asset Management lifted its holdings in shares of Rapid7 by 45.3% during the 4th 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 boosted its position in Rapid7 by 47.7% during 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 period. 95.66% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Rapid7

In related 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 transaction of $290,179.12. Following the transaction, the insider now owns 58,165 shares in the company, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Stephens initiated coverage on Rapid7 in a research note on Tuesday, April 1st. They set an "equal weight" rating and a $33.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of Rapid7 from $33.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. UBS Group decreased their target price on shares of Rapid7 from $52.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Rapid7 in a research note on Thursday, February 13th. Finally, Robert W. Baird decreased their price objective on shares of Rapid7 from $43.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Fourteen research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $37.32.

Rapid7 Stock Down 0.4 %

RPD stock traded down $0.09 during mid-day trading on Friday, reaching $25.14. The company had a trading volume of 2,218,800 shares, compared to its average volume of 854,598. Rapid7, Inc. has a one year low of $21.61 and a one year high of $44.48. The stock has a market capitalization of $1.61 billion, a P/E ratio of 64.46 and a beta of 1.06. The stock's 50-day simple moving average is $25.63 and its two-hundred day simple moving average is $34.36.

Rapid7 (NASDAQ:RPD - Get Free Report) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.38). Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. On average, research analysts forecast that Rapid7, Inc. will post 0.35 EPS for the current fiscal 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.