Corey E. Thomas Sells 25,000 Shares of Rapid7 Inc. (RPD) Stock
Rapid7 Inc. (NASDAQ:RPD) insider Corey E. Thomas sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 5th. The stock was sold at an average price of $18.05, for a total value of $451,250.00. Following the completion of the transaction, the insider now owns 194,757 shares in the company, valued at approximately $3,515,363.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Rapid7 Inc. (NASDAQ:RPD) opened at 16.62 on Friday. Rapid7 Inc. has a 52-week low of $9.05 and a 52-week high of $23.62. The company’s market capitalization is $675.32 million. The stock has a 50 day moving average price of $17.59 and a 200 day moving average price of $14.22.
Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Monday, August 8th. The company reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. Rapid7 had a negative return on equity of 100.88% and a negative net margin of 46.51%. The business had revenue of $37.30 million for the quarter, compared to analysts’ expectations of $36.29 million. During the same quarter in the previous year, the business posted ($0.61) EPS. Rapid7’s revenue for the quarter was up 44.6% on a year-over-year basis. On average, analysts predict that Rapid7 Inc. will post ($0.90) earnings per share for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in RPD. Schwab Charles Investment Management Inc. boosted its position in Rapid7 by 121.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 39,050 shares of the company’s stock valued at $492,000 after buying an additional 21,452 shares during the period. Metropolitan Life Insurance Co. NY acquired a new position in Rapid7 during the second quarter valued at $190,000. Caisse DE Depot ET Placement DU Quebec boosted its position in Rapid7 by 19.7% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 388,971 shares of the company’s stock valued at $4,893,000 after buying an additional 63,971 shares during the period. Polar Capital LLP acquired a new position in Rapid7 during the second quarter valued at $3,203,000. Finally, Barclays PLC boosted its position in Rapid7 by 1,990.4% in the second quarter. Barclays PLC now owns 13,316 shares of the company’s stock valued at $167,000 after buying an additional 12,679 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.
RPD has been the topic of a number of research reports. Cowen and Company restated a “buy” rating on shares of Rapid7 in a report on Sunday, June 26th. Zacks Investment Research upgraded Rapid7 from a “sell” rating to a “hold” rating in a report on Thursday, June 16th. Rosenblatt Securities started coverage on Rapid7 in a report on Friday, August 26th. They issued a “buy” rating and a $23.00 price objective on the stock. Barclays PLC set a $17.00 target price on Rapid7 and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Finally, Macquarie started coverage on Rapid7 in a research report on Friday, July 8th. They set a “neutral” rating and a $16.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $20.67.
Rapid7 Company Profile
Rapid7, Inc is a provider of security data and analytics solutions that enable organizations to implement an active approach to cyber security. The Company’s Rapid7 Insight Platform is a security data and analytics platform that provides solutions to cyber security that enables organizations to find and eliminate critical weaknesses and detect attacks in their information technology (IT) environments.
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