Rapid7 Inc (NASDAQ:RPD) was the recipient of unusually large options trading on Monday. Stock traders bought 1,076 put options on the stock. This represents an increase of approximately 1,755% compared to the average volume of 58 put options.
Several research analysts have recently commented on RPD shares. Needham & Company LLC started coverage on Rapid7 in a report on Monday, October 23rd. They issued a “buy” rating and a $23.00 price objective on the stock. ValuEngine upgraded Rapid7 from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. BidaskClub downgraded Rapid7 from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Susquehanna Bancshares boosted their price target on Rapid7 from $22.00 to $28.00 and gave the company a “positive” rating in a report on Wednesday, January 24th. Finally, KeyCorp restated an “overweight” rating and set a $30.00 price target (up previously from $25.00) on shares of Rapid7 in a report on Tuesday, January 30th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $24.29.
Shares of Rapid7 (RPD) traded up $0.95 during trading hours on Wednesday, reaching $24.31. The company had a trading volume of 538,547 shares, compared to its average volume of 516,692. Rapid7 has a 52 week low of $13.42 and a 52 week high of $25.95. The stock has a market cap of $1,054.57, a P/E ratio of -22.93 and a beta of 1.12.
Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Monday, February 12th. The technology company reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $57.73 million for the quarter, compared to analysts’ expectations of $57.39 million. During the same quarter in the prior year, the firm earned ($0.13) EPS. The firm’s revenue for the quarter was up 28.2% on a year-over-year basis. research analysts predict that Rapid7 will post -1.01 EPS for the current year.
In other news, major shareholder Bain Capital Venture Investors sold 2,000,000 shares of Rapid7 stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $21.01, for a total value of $42,020,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Jay C. Hoag sold 35,246 shares of Rapid7 stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $19.40, for a total value of $683,772.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,345,246 shares of company stock worth $49,165,672. Company insiders own 56.90% of the company’s stock.
Several hedge funds have recently bought and sold shares of the business. Teachers Advisors LLC grew its holdings in shares of Rapid7 by 13.9% during the 4th quarter. Teachers Advisors LLC now owns 53,592 shares of the technology company’s stock worth $1,000,000 after acquiring an additional 6,535 shares during the period. Ardsley Advisory Partners purchased a new position in shares of Rapid7 during the 4th quarter worth approximately $224,000. California State Teachers Retirement System grew its holdings in shares of Rapid7 by 220.6% during the 4th quarter. California State Teachers Retirement System now owns 108,252 shares of the technology company’s stock worth $2,020,000 after acquiring an additional 74,490 shares during the period. Two Sigma Investments LP grew its holdings in shares of Rapid7 by 90.3% during the 4th quarter. Two Sigma Investments LP now owns 190,545 shares of the technology company’s stock worth $3,556,000 after acquiring an additional 90,408 shares during the period. Finally, Two Sigma Advisers LP grew its holdings in shares of Rapid7 by 65.8% during the 4th quarter. Two Sigma Advisers LP now owns 181,000 shares of the technology company’s stock worth $3,377,000 after acquiring an additional 71,800 shares during the period. Hedge funds and other institutional investors own 68.49% of the company’s stock.
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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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