US Bancorp DE lessened its holdings in shares of Rapid7 Inc (NASDAQ:RPD) by 18.7% during the third quarter, HoldingsChannel.com reports. The firm owned 34,742 shares of the technology company’s stock after selling 7,971 shares during the quarter. US Bancorp DE’s holdings in Rapid7 were worth $1,282,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. UBS Group AG increased its holdings in shares of Rapid7 by 176.4% during the 1st quarter. UBS Group AG now owns 34,783 shares of the technology company’s stock worth $889,000 after buying an additional 22,199 shares during the last quarter. Granahan Investment Management Inc. MA increased its holdings in Rapid7 by 2.6% in the 2nd quarter. Granahan Investment Management Inc. MA now owns 317,811 shares of the technology company’s stock valued at $8,969,000 after purchasing an additional 8,141 shares in the last quarter. MetLife Investment Advisors LLC increased its holdings in Rapid7 by 30.9% in the 2nd quarter. MetLife Investment Advisors LLC now owns 16,703 shares of the technology company’s stock valued at $471,000 after purchasing an additional 3,939 shares in the last quarter. Emerald Advisers Inc. PA increased its holdings in Rapid7 by 10.5% in the 3rd quarter. Emerald Advisers Inc. PA now owns 865,896 shares of the technology company’s stock valued at $31,969,000 after purchasing an additional 82,086 shares in the last quarter. Finally, Sun Life Financial INC acquired a new stake in Rapid7 in the 2nd quarter valued at $486,000. 79.60% of the stock is currently owned by institutional investors.

Shares of Rapid7 stock opened at $26.92 on Wednesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 1.83 and a quick ratio of 1.83. The stock has a market cap of $1.33 billion, a PE ratio of -25.64 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 announced 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. The company had revenue of $62.40 million during the quarter, compared to the consensus estimate of $59.50 million. Rapid7 had a negative return on equity of 76.86% and a negative net margin of 23.83%. The company’s revenue was up 23.6% on a year-over-year basis. During the same period last year, the firm earned ($0.15) earnings per share. On average, analysts predict that Rapid7 Inc will post -1.02 EPS for the current fiscal year.

Several brokerages recently issued reports on RPD. Zacks Investment Research downgraded Rapid7 from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. BidaskClub downgraded Rapid7 from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Morgan Stanley set a $35.00 price target on Rapid7 and gave the company a “hold” rating in a report on Wednesday, November 7th. Monness Crespi & Hardt increased their price target on Rapid7 from $38.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, November 7th. Finally, Stifel Nicolaus increased their price target on Rapid7 from $42.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, October 2nd. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. Rapid7 presently has a consensus rating of “Buy” and a consensus price target of $35.79.

In other news, COO Andrew F. Burton sold 7,440 shares of the firm’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of $36.24, for a total transaction of $269,625.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lee David Weiner sold 5,580 shares of the firm’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $31.78, for a total value of $177,332.40. The disclosure for this sale can be found here. Insiders have sold 2,445,925 shares of company stock valued at $81,772,708 over the last 90 days. Insiders own 25.60% of the company’s stock.

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Rapid7 Company Profile

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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Institutional Ownership by Quarter for Rapid7 (NASDAQ:RPD)

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