Rapid7, Inc. (NASDAQ:RPD) Chairman Alan Matthews sold 20,000 shares of Rapid7 stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $20.00, for a total value of $400,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Alan Matthews also recently made the following trade(s):
- On Thursday, November 9th, Alan Matthews sold 20,000 shares of Rapid7 stock. The shares were sold at an average price of $20.00, for a total value of $400,000.00.
Shares of Rapid7, Inc. (RPD) opened at $20.19 on Thursday. The company has a market capitalization of $885.96 and a P/E ratio of -20.39. Rapid7, Inc. has a 12 month low of $12.20 and a 12 month high of $20.50.
Rapid7 (NASDAQ:RPD) last released its earnings results on Tuesday, November 7th. The technology company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The firm had revenue of $50.50 million for the quarter, compared to analysts’ expectations of $49.87 million. Rapid7 had a negative return on equity of 115.79% and a negative net margin of 22.44%. The business’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.13) EPS. equities analysts forecast that Rapid7, Inc. will post -1.05 earnings per share for the current year.
Several equities analysts have recently weighed in on RPD shares. Royal Bank of Canada lifted their price objective on Rapid7 from $22.00 to $25.00 and gave the company an “outperform” rating in a report on Wednesday, November 8th. KeyCorp reiterated a “buy” rating and set a $25.00 price objective on shares of Rapid7 in a report on Friday, October 6th. Zacks Investment Research cut Rapid7 from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. BidaskClub upgraded Rapid7 from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Finally, Rosenblatt Securities restated a “buy” rating and issued a $23.00 target price on shares of Rapid7 in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $21.05.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crow Point Partners LLC acquired a new position in shares of Rapid7 during the 4th quarter worth approximately $119,000. Citigroup Inc. increased its position in shares of Rapid7 by 1,398.9% during the 2nd quarter. Citigroup Inc. now owns 9,788 shares of the technology company’s stock worth $165,000 after purchasing an additional 9,135 shares during the last quarter. BT Investment Management Ltd acquired a new position in shares of Rapid7 during the 2nd quarter worth approximately $169,000. Migdal Insurance & Financial Holdings Ltd. increased its position in shares of Rapid7 by 25.8% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,352 shares of the technology company’s stock worth $173,000 after purchasing an additional 2,124 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Rapid7 during the 3rd quarter worth approximately $187,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.
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Rapid7 Company Profile
Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.
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