Rapid7 Inc (NASDAQ:RPD) Chairman Alan Matthews sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $22.06, for a total transaction of $441,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Alan Matthews also recently made the following trade(s):
- On Friday, January 5th, Alan Matthews sold 20,000 shares of Rapid7 stock. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00.
- On Thursday, November 9th, Alan Matthews sold 20,000 shares of Rapid7 stock. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00.
Shares of Rapid7 Inc (NASDAQ RPD) opened at $21.93 on Friday. Rapid7 Inc has a 52-week low of $12.20 and a 52-week high of $22.58.
Rapid7 (NASDAQ:RPD) last issued its earnings results on Tuesday, November 7th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.02. The company had revenue of $50.50 million for 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%. Rapid7’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.13) EPS. equities analysts anticipate that Rapid7 Inc will post -1.05 earnings per share for the current year.
Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Friday. BidaskClub raised shares of Rapid7 from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. ValuEngine raised shares of Rapid7 from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Royal Bank of Canada boosted their price target on shares of Rapid7 from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Finally, Needham & Company LLC assumed coverage on shares of Rapid7 in a research report on Monday, October 23rd. They set a “buy” rating and a $23.00 price target on the stock. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Rapid7 presently has a consensus rating of “Buy” and a consensus target price of $21.32.
Several hedge funds have recently modified their holdings of RPD. Crow Point Partners LLC bought a new stake in shares of Rapid7 in the 4th quarter valued at about $119,000. Citigroup Inc. raised its holdings in shares of Rapid7 by 1,398.9% in the 2nd quarter. Citigroup Inc. now owns 9,788 shares of the technology company’s stock valued at $165,000 after purchasing an additional 9,135 shares during the period. BT Investment Management Ltd bought a new stake in shares of Rapid7 in the 2nd quarter valued at about $169,000. Migdal Insurance & Financial Holdings Ltd. raised its holdings in shares of Rapid7 by 25.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,352 shares of the technology company’s stock valued at $173,000 after purchasing an additional 2,124 shares during the period. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Rapid7 in the 3rd quarter valued at about $187,000. 70.71% of the stock is currently owned by institutional investors.
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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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