Stifel Financial Corp Raises Position in Rapid7, Inc. (NASDAQ:RPD)

Stifel Financial Corp raised its stake in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) by 257.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 90,132 shares of the technology company's stock after purchasing an additional 64,903 shares during the period. Stifel Financial Corp owned approximately 0.14% of Rapid7 worth $3,626,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in Rapid7 in the 4th quarter valued at about $12,050,000. Marshall Wace LLP lifted its holdings in Rapid7 by 144.2% during the fourth quarter. Marshall Wace LLP now owns 475,695 shares of the technology company's stock worth $19,137,000 after acquiring an additional 280,913 shares during the period. Harbor Capital Advisors Inc. boosted its position in Rapid7 by 259.1% in 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 last quarter. Birnam Oak Advisors LP bought a new position in Rapid7 in the 4th quarter valued at $4,425,000. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Rapid7 during the 4th quarter valued at $4,099,000. Institutional investors and hedge funds own 95.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RPD shares. Mizuho set a $30.00 price target on shares of Rapid7 in a report on Wednesday, April 16th. Truist Financial dropped their target price on shares of Rapid7 from $38.00 to $35.00 and set a "hold" rating on the stock in a research note on Thursday, February 13th. Raymond James decreased their price target on shares of Rapid7 from $55.00 to $45.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Citigroup dropped their price objective on Rapid7 from $46.00 to $44.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, DA Davidson decreased their target price on Rapid7 from $35.00 to $29.00 and set a "neutral" rating for the company in a research report on Tuesday, March 25th. Fifteen investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Rapid7 currently has a consensus rating of "Hold" and an average target price of $37.32.

Rapid7 Trading Up 1.1 %

Shares of Rapid7 stock traded up $0.26 during trading on Monday, hitting $24.09. The stock had a trading volume of 939,439 shares, compared to its average volume of 890,206. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 61.77 and a beta of 1.06. Rapid7, Inc. has a 12 month low of $21.61 and a 12 month high of $46.84. The business's 50-day moving average is $26.08 and its 200 day moving average is $34.80.

Rapid7 (NASDAQ:RPD - Get Free Report) last released its quarterly earnings results 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%. As a group, equities analysts expect that Rapid7, Inc. will post 0.35 EPS for the current year.

Insider Buying and Selling at Rapid7

In other news, insider Christina Luconi sold 12,551 shares of the company's stock in a transaction dated 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is currently owned by company insiders.

Rapid7 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.