BidaskClub lowered shares of Rapid7 (NASDAQ:RPD) from a hold rating to a sell rating in a research note published on Wednesday, December 27th.
A number of other analysts have also recently commented on the stock. Rosenblatt Securities reissued a buy rating and set a $23.00 target price on shares of Rapid7 in a research note on Thursday, December 14th. Royal Bank of Canada upped their price objective on shares of Rapid7 from $22.00 to $25.00 and gave the company an outperform rating in a research note on Wednesday, November 8th. Needham & Company LLC began coverage on shares of Rapid7 in a research note on Monday, October 23rd. They set a buy rating and a $23.00 price objective for the company. KeyCorp reaffirmed a buy rating and set a $25.00 price objective on shares of Rapid7 in a research note on Friday, October 6th. Finally, Zacks Investment Research cut shares of Rapid7 from a hold rating to a sell rating in a research note on Thursday, October 5th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $21.05.
Shares of Rapid7 (RPD) opened at $21.32 on Wednesday. The company has a market cap of $935.55 and a PE ratio of -21.54. Rapid7 has a one year low of $12.20 and a one year high of $21.34.
Rapid7 (NASDAQ:RPD) last released its earnings results on Tuesday, November 7th. The technology company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. The business had revenue of $50.50 million during the quarter, compared to analysts’ expectations of $49.87 million. Rapid7 had a negative net margin of 22.44% and a negative return on equity of 115.79%. The company’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.13) earnings per share. analysts anticipate that Rapid7 will post -1.05 earnings per share for the current fiscal year.
In other Rapid7 news, Chairman Alan Matthews sold 20,000 shares of the business’s stock in a transaction dated Thursday, November 9th. 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Lee David Weiner sold 21,125 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $17.93, for a total transaction of $378,771.25. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,117,353 shares of company stock valued at $20,551,788. 56.90% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the business. Crow Point Partners LLC acquired a new position in shares of Rapid7 in the 4th quarter worth approximately $119,000. Granahan Investment Management Inc. MA lifted its holdings in shares of Rapid7 by 6.6% in the 3rd quarter. Granahan Investment Management Inc. MA now owns 255,541 shares of the technology company’s stock worth $4,498,000 after acquiring an additional 15,763 shares during the last quarter. Jane Street Group LLC purchased a new stake in Rapid7 during the 3rd quarter worth approximately $237,000. Alyeska Investment Group L.P. purchased a new stake in Rapid7 during the 3rd quarter worth approximately $7,896,000. Finally, OxFORD Asset Management LLP increased its stake in Rapid7 by 20.5% during the 3rd quarter. OxFORD Asset Management LLP now owns 117,952 shares of the technology company’s stock worth $2,073,000 after buying an additional 20,094 shares during the period. 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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