Rapid7 Inc (NASDAQ:RPD) CFO Jeffrey Kalowski sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 15th. The stock was sold at an average price of $31.84, for a total value of $477,600.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Jeffrey Kalowski also recently made the following trade(s):

  • On Friday, November 9th, Jeffrey Kalowski sold 10,012 shares of Rapid7 stock. The stock was sold at an average price of $34.22, for a total value of $342,610.64.

NASDAQ:RPD traded down $4.78 during trading hours on Monday, hitting $28.00. The company had a trading volume of 839,401 shares, compared to its average volume of 485,938. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.85. The stock has a market cap of $1.55 billion, a P/E ratio of -26.67 and a beta of 1.02. Rapid7 Inc has a 1 year low of $18.27 and a 1 year high of $39.40.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Tuesday, November 6th. The technology company reported ($0.20) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.25) by $0.05. The company had revenue of $62.40 million during the quarter, compared to analysts’ expectations of $59.50 million. Rapid7 had a negative return on equity of 76.86% and a negative net margin of 23.83%. The firm’s quarterly revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.15) EPS. On average, equities analysts anticipate that Rapid7 Inc will post -1.02 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Centaurus Financial Inc. purchased a new stake in Rapid7 in the 2nd quarter valued at $169,000. Ibex Investors LLC purchased a new stake in Rapid7 in the 3rd quarter valued at $210,000. People s United Financial Inc. acquired a new position in shares of Rapid7 in the 3rd quarter valued at $259,000. Verition Fund Management LLC acquired a new position in shares of Rapid7 in the 2nd quarter valued at $327,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in shares of Rapid7 by 598.9% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 8,918 shares of the technology company’s stock valued at $329,000 after purchasing an additional 7,642 shares during the last quarter. Institutional investors own 79.60% of the company’s stock.

Several analysts recently commented on RPD shares. BidaskClub cut Rapid7 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Stifel Nicolaus boosted their price target on Rapid7 from $36.00 to $42.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Morgan Stanley set a $35.00 price target on Rapid7 and gave the stock a “hold” rating in a research report on Wednesday, November 7th. Needham & Company LLC boosted their price target on Rapid7 from $37.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, September 21st. Finally, Monness Crespi & Hardt boosted their price target on Rapid7 from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Tuesday, August 7th. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $35.79.

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About Rapid7

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enables customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.

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