Frontier Capital Management Co. LLC trimmed its stake in shares of Rapid7 Inc (NASDAQ:RPD) by 2.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 699,742 shares of the technology company’s stock after selling 20,930 shares during the period. Frontier Capital Management Co. LLC owned 1.59% of Rapid7 worth $13,057,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its holdings in shares of Rapid7 by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 67,670 shares of the technology company’s stock worth $1,139,000 after acquiring an additional 399 shares during the last quarter. Rhumbline Advisers lifted its holdings in Rapid7 by 12.8% during the 2nd quarter. Rhumbline Advisers now owns 23,331 shares of the technology company’s stock valued at $393,000 after buying an additional 2,640 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Rapid7 by 13.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 85,583 shares of the technology company’s stock valued at $1,441,000 after buying an additional 10,345 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Rapid7 by 19.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 46,759 shares of the technology company’s stock valued at $787,000 after buying an additional 7,588 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Rapid7 by 39.9% during the 2nd quarter. Alliancebernstein L.P. now owns 30,500 shares of the technology company’s stock valued at $513,000 after buying an additional 8,700 shares in the last quarter. 68.49% of the stock is owned by institutional investors.
In other Rapid7 news, Chairman Alan Matthews sold 20,000 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $22.06, for a total transaction of $441,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Bain Capital Venture Investors sold 2,000,000 shares of the company’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $21.01, for a total transaction of $42,020,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,345,246 shares of company stock valued at $49,165,672. Company insiders own 56.90% of the company’s stock.
Several equities research analysts have recently commented on RPD shares. Rosenblatt Securities restated a “buy” rating and issued a $23.00 price target on shares of Rapid7 in a report on Thursday, December 14th. Monness Crespi & Hardt restated a “buy” rating and issued a $27.00 price target (up previously from $23.00) on shares of Rapid7 in a report on Tuesday. Northland Securities set a $28.00 price objective on shares of Rapid7 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Rapid7 in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.29.
Rapid7 Inc (NASDAQ:RPD) traded up $0.95 during mid-day trading on Wednesday, hitting $24.31. 538,547 shares of the stock traded hands, compared to its average volume of 516,692. The stock has a market cap of $1,054.57, a P/E ratio of -22.93 and a beta of 1.12. Rapid7 Inc has a fifty-two week low of $13.42 and a fifty-two week high of $25.95.
Rapid7 (NASDAQ:RPD) last posted its earnings results on Monday, February 12th. The technology company reported ($0.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.11). Rapid7 had a negative net margin of 22.63% and a negative return on equity of 130.89%. The firm had revenue of $57.73 million during the quarter, compared to analyst estimates of $57.39 million. During the same quarter in the prior year, the firm earned ($0.13) earnings per share. The business’s revenue for the quarter was up 28.2% on a year-over-year basis. analysts predict that Rapid7 Inc will post -1.01 earnings per share for the current year.
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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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