Susquehanna Fundamental Investments LLC Makes New Investment in Rapid7, Inc. (NASDAQ:RPD)

Susquehanna Fundamental Investments LLC bought a new position in shares of Rapid7, Inc. (NASDAQ:RPD - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 109,500 shares of the technology company's stock, valued at approximately $4,405,000. Susquehanna Fundamental Investments LLC owned 0.17% of Rapid7 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ raised 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 acquiring an additional 455 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Rapid7 by 30.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company's stock valued at $60,000 after purchasing an additional 347 shares in the last quarter. Ostrum Asset Management boosted its position in shares of Rapid7 by 45.3% during the fourth quarter. Ostrum Asset Management now owns 2,478 shares of the technology company's stock worth $100,000 after buying an additional 772 shares during the period. KBC Group NV grew its holdings in shares of Rapid7 by 47.7% during the fourth quarter. KBC Group NV now owns 2,686 shares of the technology company's stock worth $108,000 after buying an additional 867 shares in the last quarter. Finally, Cibc World Markets Corp acquired a new stake in Rapid7 in the 4th quarter valued at approximately $233,000. Institutional investors own 95.66% of the company's stock.

Insiders Place Their Bets

In related news, insider Christina Luconi sold 12,551 shares of Rapid7 stock in a transaction on Monday, April 7th. The shares were sold at an average price of $23.12, for a total transaction of $290,179.12. Following the completion of the transaction, the insider now owns 58,165 shares of the company's stock, valued at $1,344,774.80. This trade represents a 17.75 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.60% of the company's stock.

Rapid7 Trading Up 1.8 %

Rapid7 stock traded up $0.42 during mid-day trading on Friday, reaching $23.83. The company had a trading volume of 947,022 shares, compared to its average volume of 889,427. The business has a fifty day simple moving average of $26.22 and a 200 day simple moving average of $34.99. The company has a market cap of $1.52 billion, a P/E ratio of 61.10 and a beta of 0.99. Rapid7, Inc. has a fifty-two week low of $21.61 and a fifty-two week high of $46.84.

Rapid7 (NASDAQ:RPD - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.50 by ($0.38). Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. Research analysts forecast that Rapid7, Inc. will post 0.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Scotiabank decreased their price target on shares of Rapid7 from $42.00 to $38.00 and set a "sector perform" rating for the company in a research note on Thursday, February 13th. Raymond James lowered their price target on shares of Rapid7 from $55.00 to $45.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Needham & Company LLC restated a "hold" rating on shares of Rapid7 in a research note on Thursday, February 13th. Stephens started coverage on Rapid7 in a research report on Tuesday, April 1st. They issued an "equal weight" rating and a $33.00 target price on the stock. Finally, JPMorgan Chase & Co. reduced their price target on Rapid7 from $42.00 to $40.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Fifteen analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $37.32.

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.