Rapid7 (NASDAQ:RPD) Stock Acquired Rep. Jefferson Shreve

Representative Jefferson Shreve (R-Indiana) recently bought shares of Rapid7, Inc. NASDAQ: RPD. In a filing disclosed on May 08th, the Representative disclosed that they had bought between $15,001 and $50,000 in Rapid7 stock on April 7th.

Representative Jefferson Shreve also recently made the following trade(s):

• Purchased $50,001 - $100,000 in shares of Chipotle Mexican Grill NYSE: CMG on 4/17/2025.
• Purchased $50,001 - $100,000 in shares of Applied Materials NASDAQ: AMAT on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Caterpillar NYSE: CAT on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Western Digital NASDAQ: WDC on 4/17/2025.
• Sold $15,001 - $50,000 in shares of Zoetis NYSE: ZTS on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Stryker NYSE: SYK on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of NextEra Energy NYSE: NEE on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of CSX NASDAQ: CSX on 4/17/2025.
• Purchased $15,001 - $50,000 in shares of Ross Stores NASDAQ: ROST on 4/17/2025.

Rapid7 Trading Down 7.8%

RPD traded down $2.08 during trading on Tuesday, hitting $24.66. 1,323,305 shares of the company's stock traded hands, compared to its average volume of 857,990. Rapid7, Inc. has a 12-month low of $21.61 and a 12-month high of $44.48. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 63.23 and a beta of 1.06. The company's 50 day simple moving average is $25.59 and its two-hundred day simple moving average is $34.21.

Rapid7 (NASDAQ:RPD - Get Free Report) last issued its quarterly earnings data on Monday, May 12th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.37 by $0.12. Rapid7 had a negative return on equity of 130.41% and a net margin of 3.46%. The business had revenue of $210.25 million for the quarter, compared to the consensus estimate of $208.25 million. During the same period in the prior year, the business posted $0.55 earnings per share. The company's quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts expect that Rapid7, Inc. will post 0.35 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Nordea Investment Management AB raised its stake in Rapid7 by 100.8% during the fourth quarter. Nordea Investment Management AB now owns 75,109 shares of the technology company's stock valued at $3,030,000 after purchasing an additional 37,708 shares in the last quarter. Diversified Trust Co lifted its stake in Rapid7 by 8.6% in the 4th quarter. Diversified Trust Co now owns 21,534 shares of the technology company's stock worth $866,000 after purchasing an additional 1,708 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in Rapid7 by 259.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 288,965 shares of the technology company's stock worth $11,625,000 after purchasing an additional 208,501 shares during the period. Assenagon Asset Management S.A. raised its position in Rapid7 by 106.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 49,155 shares of the technology company's stock valued at $1,978,000 after purchasing an additional 25,398 shares during the period. Finally, SG Americas Securities LLC raised its holdings in shares of Rapid7 by 126.6% in the 4th quarter. SG Americas Securities LLC now owns 9,908 shares of the technology company's stock valued at $399,000 after buying an additional 5,536 shares during the period. 95.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup reduced their price target on shares of Rapid7 from $46.00 to $44.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Raymond James cut their price target on shares of Rapid7 from $55.00 to $45.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. DA Davidson restated an "underperform" rating and issued a $21.00 price objective (down previously from $29.00) on shares of Rapid7 in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on Rapid7 from $36.00 to $29.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Mizuho set a $30.00 target price on shares of Rapid7 in a research note on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating, seven have assigned a buy rating and one has issued 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 $34.68.

Insider Buying and Selling at Rapid7

In other Rapid7 news, insider Christina Luconi sold 12,551 shares of Rapid7 stock in a transaction that occurred 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 sale, the insider now owns 58,165 shares of the company's stock, valued at approximately $1,344,774.80. The trade was a 17.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

About Representative Shreve

Jefferson Shreve (Republican Party) is a member of the U.S. House, representing Indiana's 6th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Shreve (Republican Party) is running for re-election to the U.S. House to represent Indiana's 6th Congressional District. He declared candidacy for the 2026 election. Email editor@ballotpedia.org to notify us of updates to this biography. Jefferson Shreve earned a bachelor's degree from Indiana University in 1989, a graduate degree from the University of London in 1998, and a graduate degree from Purdue University in 2003. Shreve's career experience includes working as a real estate executive. Shreve was elected 7th District Vice Chairman of the Indiana Republican State Committee on January 17, 2018, and was re-elected on March 6, 2021. In 2020, he was selected as a district-level delegate to the 2020 Republican National Convention.

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.