Boothbay Fund Management LLC trimmed its position in Rapid7, Inc. (NASDAQ:RPD - Free Report) by 75.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 67,944 shares of the technology company's stock after selling 204,096 shares during the quarter. Boothbay Fund Management LLC owned 0.11% of Rapid7 worth $2,733,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Rapid7 during the 4th quarter valued at $4,405,000. Dendur Capital LP acquired a new position in shares of Rapid7 in the fourth quarter valued at approximately $19,190,000. Dark Forest Capital Management LP bought a new position in Rapid7 in the 4th quarter valued at approximately $610,000. Stifel Financial Corp grew its holdings in Rapid7 by 257.3% during the 4th quarter. Stifel Financial Corp now owns 90,132 shares of the technology company's stock worth $3,626,000 after acquiring an additional 64,903 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of Rapid7 by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 37,787 shares of the technology company's stock worth $1,520,000 after purchasing an additional 2,066 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Rapid7
In other news, insider Christina Luconi sold 12,551 shares of Rapid7 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. The trade was a 17.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.60% of the company's stock.
Rapid7 Stock Performance
RPD traded down $0.21 during midday trading on Thursday, reaching $23.41. The company had a trading volume of 965,837 shares, compared to its average volume of 887,659. The business has a 50-day moving average price of $26.38 and a two-hundred day moving average price of $35.10. Rapid7, Inc. has a 12-month low of $21.61 and a 12-month high of $46.84. The stock has a market cap of $1.50 billion, a PE ratio of 60.03 and a beta of 0.99.
Rapid7 (NASDAQ:RPD - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.38). Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. On average, research analysts anticipate that Rapid7, Inc. will post 0.35 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Scotiabank decreased their target price on Rapid7 from $42.00 to $38.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group reduced their price target on shares of Rapid7 from $45.00 to $35.00 and set a "buy" rating for the company in a report on Monday, March 31st. Truist Financial dropped their price objective on shares of Rapid7 from $38.00 to $35.00 and set a "hold" rating on the stock in a report on Thursday, February 13th. Robert W. Baird decreased their target price on Rapid7 from $43.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their price target on Rapid7 from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Fifteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $37.32.
Get Our Latest Research Report on Rapid7
About Rapid7
(
Free Report)
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.
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