MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $36.99 Million Position in Rapid7, Inc. (NASDAQ:RPD)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Rapid7, Inc. (NASDAQ:RPD - Free Report) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 919,434 shares of the technology company's stock after buying an additional 133,967 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.45% of Rapid7 worth $36,993,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Skandinaviska Enskilda Banken AB publ boosted its stake 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 purchasing an additional 455 shares during the period. Pacer Advisors Inc. lifted its stake 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 valued at $60,000 after purchasing an additional 347 shares during the last quarter. Ostrum Asset Management lifted its stake in shares of Rapid7 by 45.3% in the 4th quarter. Ostrum Asset Management now owns 2,478 shares of the technology company's stock valued at $100,000 after purchasing an additional 772 shares during the last quarter. KBC Group NV lifted its stake in shares of Rapid7 by 47.7% in the 4th quarter. KBC Group NV now owns 2,686 shares of the technology company's stock valued at $108,000 after purchasing an additional 867 shares during the last quarter. Finally, One68 Global Capital LLC bought a new position in Rapid7 in the 4th quarter worth $201,000. Institutional investors and hedge funds own 95.66% of the company's stock.

Insider Transactions at Rapid7

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Jefferies Financial Group dropped their target price on shares of Rapid7 from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Mizuho set a $30.00 target price on shares of Rapid7 in a research note on Wednesday, April 16th. Stephens started coverage on shares of Rapid7 in a research report on Tuesday, April 1st. They issued an "equal weight" rating and a $33.00 price target on the stock. Stifel Nicolaus reduced their price target on shares of Rapid7 from $38.00 to $29.00 and set a "hold" rating on the stock in a research report on Tuesday. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Rapid7 in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Rapid7 has an average rating of "Hold" and an average price target of $33.32.

Rapid7 Price Performance

RPD traded up $0.17 during mid-day trading on Friday, hitting $23.72. The stock had a trading volume of 831,416 shares, compared to its average volume of 854,511. The stock's fifty day simple moving average is $25.24 and its 200-day simple moving average is $33.84. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 60.82 and a beta of 1.06. Rapid7, Inc. has a 1-year low of $21.61 and a 1-year high of $44.48.

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

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.