Rapid7, Inc. (NASDAQ:RPD) Shares Purchased by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC raised its stake in Rapid7, Inc. (NASDAQ:RPD - Free Report) by 103.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 57,362 shares of the technology company's stock after acquiring an additional 29,195 shares during the period. Knights of Columbus Asset Advisors LLC owned approximately 0.09% of Rapid7 worth $3,275,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Xponance Inc. purchased a new stake in shares of Rapid7 during the fourth quarter valued at $210,000. Federated Hermes Inc. boosted its position in shares of Rapid7 by 1.9% during the fourth quarter. Federated Hermes Inc. now owns 509,404 shares of the technology company's stock valued at $29,087,000 after buying an additional 9,404 shares during the last quarter. Strs Ohio boosted its position in shares of Rapid7 by 50.0% during the fourth quarter. Strs Ohio now owns 3,900 shares of the technology company's stock valued at $222,000 after buying an additional 1,300 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of Rapid7 during the fourth quarter valued at $206,000. Finally, Mutual of America Capital Management LLC boosted its position in shares of Rapid7 by 5.7% during the fourth quarter. Mutual of America Capital Management LLC now owns 79,799 shares of the technology company's stock valued at $4,557,000 after buying an additional 4,316 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays increased 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. JPMorgan Chase & Co. dropped their target price on Rapid7 from $61.00 to $60.00 and set a "neutral" rating on the stock in a research report on Thursday, February 8th. UBS Group raised Rapid7 from a "neutral" rating to a "buy" rating and raised their target price for the stock from $53.00 to $70.00 in a research report on Monday, January 29th. StockNews.com cut Rapid7 from a "buy" rating to a "hold" rating in a research report on Wednesday, March 6th. Finally, Citigroup raised Rapid7 from a "neutral" rating to a "buy" rating and raised their target price for the stock from $54.00 to $65.00 in a research report on Tuesday, January 9th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, Rapid7 has a consensus rating of "Hold" and a consensus target price of $56.20.

Rapid7 Stock Performance

Shares of NASDAQ RPD traded up $0.16 during trading on Friday, hitting $44.31. The company had a trading volume of 360,604 shares, compared to its average volume of 569,986. The stock has a 50 day simple moving average of $52.40 and a 200 day simple moving average of $53.15. Rapid7, Inc. has a 12 month low of $39.49 and a 12 month high of $61.88. The firm has a market capitalization of $2.75 billion, a P/E ratio of -17.65 and a beta of 1.01.

Rapid7 (NASDAQ:RPD - Get Free Report) last issued its earnings results on Wednesday, February 7th. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.27. The company had revenue of $205.27 million for 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%. As a group, analysts predict that Rapid7, Inc. will post 0.86 EPS for the current year.

Insider Activity at Rapid7

In related news, COO Andrew F. Burton sold 31,727 shares of Rapid7 stock in a transaction that occurred 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 of the company's stock, valued at approximately $13,665,206.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was sold at an average price of $53.07, for a total transaction of $1,683,751.89. Following the completion of the transaction, the chief operating officer now owns 257,494 shares in the company, valued at approximately $13,665,206.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Andrew F. Burton sold 20,653 shares of the firm's stock in a transaction that occurred on Monday, April 8th. The shares were 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 owns 236,841 shares of the company's stock, valued at approximately $11,541,261.93. The disclosure for this sale can be found here. 2.60% of the stock is owned by corporate insiders.

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.