Rapid7 (NASDAQ:RPD) CAO Scott Murphy Sells 826 Shares

Key Points

• Rapid7's CAO Scott Murphy sold 826 shares of the company's stock at an average price of $19.10, amounting to a total value of $15,776.60, resulting in a 3.03% decrease in his holdings.
• The technology company recently reported earnings of $0.58 per share, beating analyst estimates of $0.44, with revenue of $214.19 million for the quarter.
• Analysts' price targets for Rapid7 shares have decreased, with Morgan Stanley lowering its target from $28.00 to $22.00, while the stock currently has a consensus rating of "Hold" and an average target of $26.28.

Rapid7, Inc. (NASDAQ:RPD - Get Free Report) CAO Scott Murphy sold 826 shares of the company's stock in a transaction dated Wednesday, October 22nd. The shares were sold at an average price of $19.10, for a total transaction of $15,776.60. Following the completion of the sale, the chief accounting officer directly owned 26,422 shares in the company, valued at approximately $504,660.20. The trade was a 3.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Rapid7 Price Performance

NASDAQ RPD traded down $0.25 on Thursday, reaching $18.92. The company's stock had a trading volume of 474,470 shares, compared to its average volume of 874,599. The firm has a market cap of $1.23 billion, a PE ratio of 46.15 and a beta of 0.92. The business has a 50-day moving average price of $19.67 and a 200 day moving average price of $21.91. Rapid7, Inc. has a 52 week low of $17.75 and a 52 week high of $44.48. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 9.84.

Rapid7 (NASDAQ:RPD - Get Free Report) last posted its earnings results on Thursday, August 7th. The technology company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.44 by $0.14. The business had revenue of $214.19 million for the quarter, compared to analysts' expectations of $212.17 million. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. The firm's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 earnings per share. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. Sell-side analysts expect that Rapid7, Inc. will post 0.35 EPS for the current year.

Hedge Funds Weigh In On Rapid7

Several large investors have recently bought and sold shares of RPD. Asset Management One Co. Ltd. lifted its holdings in Rapid7 by 4.2% in the first quarter. Asset Management One Co. Ltd. now owns 125,093 shares of the technology company's stock valued at $3,316,000 after buying an additional 5,057 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Rapid7 by 18.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,548 shares of the technology company's stock valued at $291,000 after buying an additional 1,648 shares during the period. New York State Teachers Retirement System acquired a new position in Rapid7 in the first quarter valued at approximately $29,000. Teacher Retirement System of Texas lifted its holdings in Rapid7 by 24.1% in the first quarter. Teacher Retirement System of Texas now owns 54,091 shares of the technology company's stock valued at $1,434,000 after buying an additional 10,487 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Rapid7 by 1.1% in the first quarter. Principal Financial Group Inc. now owns 54,915 shares of the technology company's stock valued at $1,456,000 after buying an additional 609 shares during the period. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have commented on RPD. Morgan Stanley reduced their price target on shares of Rapid7 from $28.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 2nd. Stifel Nicolaus reduced their price target on shares of Rapid7 from $29.00 to $22.00 and set a "hold" rating on the stock in a research report on Friday, August 8th. Canaccord Genuity Group reduced their price target on shares of Rapid7 from $39.00 to $32.00 and set a "hold" rating on the stock in a research report on Monday, August 11th. Susquehanna reduced their price target on shares of Rapid7 from $30.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, August 11th. Finally, Wall Street Zen upgraded shares of Rapid7 from a "hold" rating to a "buy" rating in a research report on Sunday, August 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, thirteen have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $26.28.

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.

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