Rapid7, Inc. (NASDAQ:RPD - Get Free Report) Director Jana Partners Management, Lp purchased 250,000 shares of the business's stock in a transaction on Wednesday, August 13th. The stock was acquired at an average price of $21.26 per share, with a total value of $5,315,000.00. Following the purchase, the director directly owned 6,518,604 shares in the company, valued at $138,585,521.04. This represents a 3.99% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Jana Partners Management, Lp also recently made the following trade(s):
- On Tuesday, August 12th, Jana Partners Management, Lp purchased 163,456 shares of Rapid7 stock. The stock was acquired at an average price of $20.07 per share, with a total value of $3,280,561.92.
- On Monday, August 11th, Jana Partners Management, Lp purchased 358,738 shares of Rapid7 stock. The stock was acquired at an average price of $18.23 per share, with a total value of $6,539,793.74.
Rapid7 Trading Up 5.9%
Shares of NASDAQ:RPD traded up $1.18 during trading on Wednesday, reaching $21.32. The company's stock had a trading volume of 1,399,841 shares, compared to its average volume of 874,890. The company has a current ratio of 1.36, a quick ratio of 1.24 and a debt-to-equity ratio of 9.84. Rapid7, Inc. has a 12 month low of $17.83 and a 12 month high of $44.48. The firm's 50 day simple moving average is $22.71 and its two-hundred day simple moving average is $26.13. The stock has a market capitalization of $1.37 billion, a PE ratio of 52.00 and a beta of 0.96.
Rapid7 (NASDAQ:RPD - Get Free Report) last released its earnings results on Thursday, August 7th. The technology company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.44 by $0.14. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%. The firm had revenue of $214.19 million for the quarter, compared to analysts' expectations of $212.17 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The company's quarterly revenue was up 3.0% on a year-over-year basis. On average, research analysts predict that Rapid7, Inc. will post 0.35 EPS for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have issued reports on RPD shares. Wall Street Zen upgraded Rapid7 from a "hold" rating to a "buy" rating in a research note on Sunday, August 3rd. Morgan Stanley increased their price target on Rapid7 from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research note on Tuesday, May 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 research note on Tuesday, May 13th. Barclays cut their price target on Rapid7 from $26.00 to $25.00 and set an "equal weight" rating for the company in a research note on Tuesday, May 13th. Finally, Scotiabank set a $20.00 price objective on Rapid7 and gave the company a "sector perform" rating in a research report on Monday. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $27.67.
Get Our Latest Stock Report on RPD
Institutional Investors Weigh In On Rapid7
Several hedge funds and other institutional investors have recently modified their holdings of RPD. First Trust Advisors LP raised its stake in shares of Rapid7 by 4.6% during the second quarter. First Trust Advisors LP now owns 1,543,770 shares of the technology company's stock valued at $35,707,000 after acquiring an additional 67,801 shares in the last quarter. Invesco Ltd. raised its stake in shares of Rapid7 by 27.2% during the second quarter. Invesco Ltd. now owns 62,786 shares of the technology company's stock valued at $1,452,000 after acquiring an additional 13,418 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in Rapid7 by 11.0% in the second quarter. Panagora Asset Management Inc. now owns 207,220 shares of the technology company's stock worth $4,793,000 after purchasing an additional 20,566 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Rapid7 by 122.2% in the second quarter. Russell Investments Group Ltd. now owns 116,224 shares of the technology company's stock worth $2,670,000 after purchasing an additional 63,920 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of Rapid7 by 8.8% during the second quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company's stock valued at $197,000 after buying an additional 690 shares during the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.
About Rapid7
(
Get Free Report)
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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