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

Representative Jefferson Shreve (R-Indiana) recently sold shares of Rapid7, Inc. NASDAQ: RPD. In a filing disclosed on June 22nd, the Representative disclosed that they had sold between $15,001 and $50,000 in Rapid7 stock on May 12th. The trade occurred in the Representative's "CRT - STANDARD UNIT TRUST" account.

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

• Sold $15,001 - $50,000 in shares of Hubbell NYSE: HUBB on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Trane Technologies NYSE: TT on 5/12/2025.
• Sold $15,001 - $50,000 in shares of RTX NYSE: RTX on 5/12/2025.
• Sold $50,001 - $100,000 in shares of NiSource NYSE: NI on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Johnson & Johnson NYSE: JNJ on 5/12/2025.
• Sold $15,001 - $50,000 in shares of AppLovin NASDAQ: APP on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Fiserv NYSE: FI on 5/12/2025.
• Sold $15,001 - $50,000 in shares of CNO Financial Group NYSE: CNO on 5/12/2025.
• Sold $50,001 - $100,000 in shares of Cboe Global Markets NASDAQ: CBOE on 5/12/2025.
• Sold $15,001 - $50,000 in shares of Lam Research NASDAQ: LRCX on 5/12/2025.

Rapid7 Stock Performance

Shares of NASDAQ RPD traded up $0.18 during midday trading on Friday, reaching $22.71. The company's stock had a trading volume of 432,929 shares, compared to its average volume of 673,107. Rapid7, Inc. has a 12-month low of $21.61 and a 12-month high of $44.48. The company has a debt-to-equity ratio of 16.87, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a 50 day moving average price of $23.33 and a 200-day moving average price of $27.60. The stock has a market capitalization of $1.46 billion, a P/E ratio of 58.23 and a beta of 1.01.

Rapid7 (NASDAQ:RPD - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The technology company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.37 by $0.12. Rapid7 had a return on equity of 2,043.18% and a net margin of 3.42%. The business had revenue of $210.25 million for the quarter, compared to the consensus estimate of $208.25 million. During the same quarter in the prior year, the business earned $0.55 earnings per share. Rapid7's revenue for the quarter was up 2.5% on a year-over-year basis. As a group, equities analysts predict that Rapid7, Inc. will post 0.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Morgan Stanley upped their price objective on Rapid7 from $26.00 to $28.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 13th. Jefferies Financial Group lowered their target price on shares of Rapid7 from $45.00 to $35.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Stifel Nicolaus lowered their target price on shares of Rapid7 from $38.00 to $29.00 and set a "hold" rating on the stock in a report on Tuesday, May 13th. Royal Bank Of Canada reissued a "sector perform" rating on shares of Rapid7 in a report on Tuesday, May 13th. Finally, Raymond James Financial lowered their target price on shares of Rapid7 from $45.00 to $40.00 and set an "outperform" rating on the stock in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $33.16.

Institutional Trading of Rapid7

Several institutional investors have recently added to or reduced their stakes in RPD. New York State Teachers Retirement System purchased a new stake in shares of Rapid7 during the first quarter worth about $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Rapid7 during the first quarter worth about $38,000. Versant Capital Management Inc boosted its holdings in shares of Rapid7 by 5,311.1% during the first quarter. Versant Capital Management Inc now owns 1,461 shares of the technology company's stock worth $39,000 after purchasing an additional 1,434 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its holdings in shares of Rapid7 by 68.8% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,116 shares of the technology company's stock worth $46,000 after purchasing an additional 455 shares during the period. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of Rapid7 during the first quarter worth about $74,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

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.