Rapid7 Inc (NASDAQ:RPD)’s share price was down 14.6% during trading on Monday following insider selling activity. The stock traded as low as $27.90 and last traded at $28.00. Approximately 839,401 shares changed hands during trading, an increase of 73% from the average daily volume of 485,938 shares. The stock had previously closed at $32.78.

Specifically, insider Vii Lp Tcv sold 182,600 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $37.96, for a total transaction of $6,931,496.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Jeffrey Kalowski sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $31.84, for a total transaction of $477,600.00. The disclosure for this sale can be found here. Insiders have sold 2,445,925 shares of company stock worth $81,772,708 in the last quarter. Company insiders own 25.60% of the company’s stock.

RPD has been the topic of several recent research reports. BidaskClub lowered shares of Rapid7 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 31st. Stifel Nicolaus lifted their price target on shares of 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 shares of Rapid7 and gave the stock a “hold” rating in a research report on Wednesday, November 7th. Needham & Company LLC lifted their price target on shares of 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 raised their price objective on shares of Rapid7 from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. Five research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $35.79.

The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market capitalization of $1.55 billion, a PE ratio of -26.67 and a beta of 1.02.

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

Several institutional investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its position in shares of Rapid7 by 12.2% during the 3rd quarter. Teachers Advisors LLC now owns 70,416 shares of the technology company’s stock valued at $2,600,000 after acquiring an additional 7,684 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Rapid7 by 155.9% during the 3rd quarter. AQR Capital Management LLC now owns 101,097 shares of the technology company’s stock valued at $3,733,000 after acquiring an additional 61,596 shares in the last quarter. MetLife Investment Advisors LLC boosted its position in shares of Rapid7 by 55.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 25,916 shares of the technology company’s stock valued at $957,000 after acquiring an additional 9,213 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Rapid7 during the 3rd quarter valued at about $38,775,000. Finally, SQN Investors LP acquired a new stake in shares of Rapid7 during the 3rd quarter valued at about $16,045,000. Institutional investors and hedge funds own 79.60% of the company’s stock.

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About Rapid7 (NASDAQ:RPD)

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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