Voya Investment Management LLC Sells 38,598 Shares of Rapid7, Inc. (NASDAQ:RPD)

Voya Investment Management LLC trimmed its holdings in Rapid7, Inc. (NASDAQ:RPD - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 453,226 shares of the technology company's stock after selling 38,598 shares during the period. Voya Investment Management LLC owned 0.72% of Rapid7 worth $18,233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Dendur Capital LP bought a new position in shares of Rapid7 during the fourth quarter worth approximately $19,190,000. Dark Forest Capital Management LP bought a new position in Rapid7 during the 4th quarter worth $610,000. Stifel Financial Corp lifted its holdings in shares of Rapid7 by 257.3% during the fourth quarter. Stifel Financial Corp now owns 90,132 shares of the technology company's stock worth $3,626,000 after buying an additional 64,903 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Rapid7 by 5.8% in the fourth quarter. MetLife Investment Management LLC now owns 37,787 shares of the technology company's stock valued at $1,520,000 after acquiring an additional 2,066 shares in the last quarter. Finally, Ostrum Asset Management raised its stake in Rapid7 by 45.3% in the 4th quarter. Ostrum Asset Management now owns 2,478 shares of the technology company's stock worth $100,000 after purchasing an additional 772 shares in the last quarter. 95.66% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Rapid7 news, insider Christina Luconi sold 12,551 shares of the business's 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 sale, the insider now owns 58,165 shares of the company's stock, valued at $1,344,774.80. The trade was a 17.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by corporate insiders.

Rapid7 Stock Down 0.9 %

RPD traded down $0.21 during trading on Thursday, reaching $23.41. 965,837 shares of the stock traded hands, compared to its average volume of 887,659. The stock has a market capitalization of $1.50 billion, a PE ratio of 60.03 and a beta of 0.99. The stock's 50-day moving average is $26.38 and its 200 day moving average is $35.10. Rapid7, Inc. has a 12 month low of $21.61 and a 12 month high of $46.84.

Rapid7 (NASDAQ:RPD - Get Free Report) last released 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 negative return on equity of 130.41% and a net margin of 3.46%. As a group, equities research analysts anticipate that Rapid7, Inc. will post 0.35 EPS for the current year.

Analyst Ratings Changes

RPD has been the subject of a number of analyst reports. Scotiabank dropped 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 report on Thursday, February 13th. Mizuho set a $30.00 price target on Rapid7 in a research report on Wednesday, April 16th. UBS Group cut their price objective on shares of Rapid7 from $52.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Barclays dropped their target price on shares of Rapid7 from $35.00 to $26.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Finally, DA Davidson decreased their price objective on shares of Rapid7 from $35.00 to $29.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 25th. Fifteen equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $37.32.

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.