Rapid7 Inc (RPD) Director Sells $13,228.00 in Stock

Rapid7 Inc (NASDAQ:RPD) Director Thomas E. Schodorf sold 400 shares of the company’s stock in a transaction that occurred on Wednesday, June 20th. The shares were sold at an average price of $33.07, for a total value of $13,228.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Rapid7 traded down $0.57, reaching $32.23, on Thursday, MarketBeat Ratings reports. The company’s stock had a trading volume of 543,700 shares, compared to its average volume of 436,255. Rapid7 Inc has a 52 week low of $14.74 and a 52 week high of $33.92. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -30.70 and a beta of 0.92.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Tuesday, May 8th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. Rapid7 had a negative return on equity of 122.32% and a negative net margin of 24.40%. The business had revenue of $54.52 million during the quarter, compared to analyst estimates of $52.23 million. During the same period in the prior year, the company posted ($0.14) EPS. The business’s revenue for the quarter was up 20.5% compared to the same quarter last year. sell-side analysts forecast that Rapid7 Inc will post -0.99 EPS for the current fiscal year.



Several research firms have recently commented on RPD. BidaskClub lowered Rapid7 from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 13th. Stifel Nicolaus began coverage on Rapid7 in a report on Wednesday, February 28th. They set a “buy” rating and a $32.00 target price for the company. KeyCorp upped their target price on Rapid7 from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Wednesday, May 9th. BTIG Research lowered Rapid7 from a “buy” rating to a “neutral” rating in a report on Monday. Finally, ValuEngine raised Rapid7 from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company. Rapid7 has a consensus rating of “Buy” and a consensus target price of $31.07.

Hedge funds have recently modified their holdings of the stock. Barclays PLC grew its holdings in Rapid7 by 68.6% in the 1st quarter. Barclays PLC now owns 5,718 shares of the technology company’s stock worth $146,000 after buying an additional 2,327 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in Rapid7 during the 4th quarter valued at $190,000. Wade G W & Inc. bought a new position in Rapid7 during the 1st quarter valued at $203,000. Cubist Systematic Strategies LLC bought a new position in Rapid7 during the 1st quarter valued at $213,000. Finally, Ardsley Advisory Partners bought a new position in Rapid7 during the 4th quarter valued at $224,000. 77.10% of the stock is owned by institutional investors and hedge funds.

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.

Insider Buying and Selling by Quarter for Rapid7 (NASDAQ:RPD)

Receive News & Ratings for Rapid7 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rapid7 and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply