Rapid7, Inc. (NASDAQ:RPD) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. increased its position in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 2.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,041,011 shares of the technology company's stock after purchasing an additional 148,440 shares during the period. Vanguard Group Inc. owned 11.46% of Rapid7 worth $322,337,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Wyoming raised its position in shares of Rapid7 by 315.1% during the 4th quarter. State of Wyoming now owns 2,117 shares of the technology company's stock valued at $72,000 after purchasing an additional 1,607 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in Rapid7 in the 3rd quarter valued at $87,000. Natixis Investment Managers International increased its holdings in Rapid7 by 34.3% in the 2nd quarter. Natixis Investment Managers International now owns 2,303 shares of the technology company's stock valued at $104,000 after acquiring an additional 588 shares during the last quarter. Strs Ohio grew its stake in shares of Rapid7 by 100.0% in the 3rd quarter. Strs Ohio now owns 2,600 shares of the technology company's stock worth $119,000 after buying an additional 1,300 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Rapid7 by 13.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,917 shares of the technology company's stock worth $134,000 after buying an additional 336 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.

Rapid7 Stock Up 0.7 %

Shares of NASDAQ RPD traded up $0.33 during trading hours on Thursday, hitting $49.04. 522,510 shares of the stock were exchanged, compared to its average volume of 774,231. The company has a market cap of $3.04 billion, a PE ratio of -19.54 and a beta of 1.03. The firm has a fifty day moving average price of $55.23 and a 200-day moving average price of $52.95. Rapid7, Inc. has a 12 month low of $39.49 and a 12 month high of $61.88.

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

Insider Activity

In other Rapid7 news, COO Andrew F. Burton sold 31,727 shares of the firm's 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 owns 257,494 shares of the company's stock, valued at $13,665,206.58. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Rapid7 news, COO Andrew F. Burton sold 17,000 shares of the business's stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $53.68, for a total transaction of $912,560.00. Following the sale, the chief operating officer now directly owns 224,038 shares in the company, valued at approximately $12,026,359.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Andrew F. Burton sold 31,727 shares of the business's 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 disclosure for this sale can be found here. Insiders own 2.60% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on RPD shares. Royal Bank of Canada reissued an "outperform" rating and issued a $70.00 price objective on shares of Rapid7 in a research note on Thursday, February 8th. Barclays lifted their price target on shares of Rapid7 from $58.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Thursday, February 8th. UBS Group raised shares of Rapid7 from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $53.00 to $70.00 in a research note on Monday, January 29th. StockNews.com cut shares of Rapid7 from a "buy" rating to a "hold" rating in a research note on Wednesday, March 6th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Rapid7 from $61.00 to $60.00 and set a "neutral" rating for the company in a research note on Thursday, February 8th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $56.20.

About Rapid7

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.