Rapid7, Inc. (NASDAQ:RPD) Receives Consensus Rating of "Hold" from Brokerages

Shares of Rapid7, Inc. (NASDAQ:RPD - Get Free Report) have earned an average recommendation of "Hold" from the twelve research firms that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $56.20.

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada reaffirmed an "outperform" rating and set a $70.00 target price on shares of Rapid7 in a research report on Thursday, February 8th. Citigroup upgraded Rapid7 from a "neutral" rating to a "buy" rating and boosted their price target for the company from $54.00 to $65.00 in a research note on Tuesday, January 9th. JPMorgan Chase & Co. decreased their price objective on Rapid7 from $61.00 to $60.00 and set a "neutral" rating on the stock in a report on Thursday, February 8th. Barclays boosted their price objective on Rapid7 from $58.00 to $60.00 and gave the company an "equal weight" rating in a research report on Thursday, February 8th. Finally, StockNews.com lowered shares of Rapid7 from a "buy" rating to a "hold" rating in a report on Wednesday, March 6th.

Rapid7 Price Performance

RPD traded up $0.16 during midday trading on Friday, hitting $44.31. 360,011 shares of the company's stock traded hands, compared to its average volume of 730,112. The company has a market cap of $2.75 billion, a PE ratio of -17.65 and a beta of 1.01. The stock's fifty day simple moving average is $52.40 and its 200-day simple moving average is $53.04. Rapid7 has a one year low of $39.49 and a one year high of $61.88.

Rapid7 (NASDAQ:RPD - Get Free Report) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.27. The company had revenue of $205.27 million during the quarter, compared to the consensus estimate of $201.52 million. Rapid7 had a negative return on equity of 1.36% and a negative net margin of 19.19%. On average, research analysts expect that Rapid7 will post 0.86 EPS for the current year.

Insider Activity

In other news, COO Andrew F. Burton sold 31,727 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $53.07, for a total transaction of $1,683,751.89. Following the sale, the chief operating officer now owns 257,494 shares in the company, valued at $13,665,206.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Andrew F. Burton sold 31,727 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $53.07, for a total transaction of $1,683,751.89. Following the sale, the chief operating officer now directly owns 257,494 shares of the company's stock, valued at $13,665,206.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andrew F. Burton sold 20,653 shares of the company's stock in a transaction on Monday, April 8th. The stock was sold at an average price of $48.73, for a total value of $1,006,420.69. Following the transaction, the chief operating officer now directly owns 236,841 shares in the company, valued at approximately $11,541,261.93. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Rapid7

Several institutional investors have recently modified their holdings of the business. Mather Group LLC. acquired a new position in shares of Rapid7 during the 1st quarter worth about $42,000. International Assets Investment Management LLC increased its stake in Rapid7 by 3,367.9% in the fourth quarter. International Assets Investment Management LLC now owns 971 shares of the technology company's stock valued at $55,000 after purchasing an additional 943 shares in the last quarter. State of Wyoming raised its holdings in Rapid7 by 315.1% in the fourth quarter. State of Wyoming now owns 2,117 shares of the technology company's stock worth $72,000 after purchasing an additional 1,607 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of Rapid7 during the third quarter worth $87,000. Finally, Financial Connections Group Inc. acquired a new position in shares of Rapid7 in the 4th quarter valued at $95,000. Institutional investors and hedge funds own 95.66% of the company's stock.

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.