Numerai GP LLC Has $264,000 Stock Holdings in Rapid7, Inc. (NASDAQ:RPD)

Numerai GP LLC reduced its position in Rapid7, Inc. (NASDAQ:RPD - Free Report) by 79.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,554 shares of the technology company's stock after selling 25,771 shares during the period. Numerai GP LLC's holdings in Rapid7 were worth $264,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Estuary Capital Management LP purchased a new position in Rapid7 during the 4th quarter valued at about $20,714,000. Dendur Capital LP purchased a new stake in Rapid7 in the 4th quarter worth approximately $19,190,000. Raymond James Financial Inc. acquired a new stake in shares of Rapid7 during the 4th quarter valued at $12,050,000. Marshall Wace LLP boosted its stake in shares of Rapid7 by 144.2% during the 4th quarter. Marshall Wace LLP now owns 475,695 shares of the technology company's stock valued at $19,137,000 after buying an additional 280,913 shares during the period. Finally, 13D Management LLC purchased a new position in shares of Rapid7 during the 4th quarter valued at $5,455,000. 95.66% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Christina Luconi sold 12,551 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $23.12, for a total value of $290,179.12. Following the completion of the transaction, the insider now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.60% of the stock is owned by company insiders.

Rapid7 Stock Down 1.2%

Shares of RPD stock traded down $0.28 during trading hours on Wednesday, reaching $23.08. 121,627 shares of the company's stock were exchanged, compared to its average volume of 849,980. Rapid7, Inc. has a fifty-two week low of $21.61 and a fifty-two week high of $44.48. The stock has a market capitalization of $1.48 billion, a P/E ratio of 59.03 and a beta of 1.06. The business has a fifty day moving average price of $25.07 and a 200-day moving average price of $33.55.

Rapid7 (NASDAQ:RPD - Get Free Report) last announced its earnings results on Monday, May 12th. The technology company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.37 by $0.12. Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. The business had revenue of $210.25 million for the quarter, compared to analyst estimates of $208.25 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Rapid7'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 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on RPD shares. Jefferies Financial Group reduced their price objective on Rapid7 from $45.00 to $35.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Morgan Stanley lifted their price target on Rapid7 from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Tuesday, May 13th. Robert W. Baird increased their price objective on Rapid7 from $26.00 to $28.00 and gave the stock a "neutral" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. cut their price objective on shares of Rapid7 from $36.00 to $29.00 and set a "neutral" rating on the stock in a research report on Monday, May 12th. Finally, Stephens began coverage on shares of Rapid7 in a research report on Tuesday, April 1st. They issued an "equal weight" rating and a $33.00 target price for the company. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Rapid7 currently has a consensus rating of "Hold" and a consensus price target of $33.32.

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.