Rapid7 Inc (RPD) Chairman Alan Matthews Sells 20,000 Shares of Stock

Rapid7 Inc (NASDAQ:RPD) Chairman Alan Matthews sold 20,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $23.93, for a total value of $478,600.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Alan Matthews also recently made the following trade(s):

  • On Wednesday, January 17th, Alan Matthews sold 20,000 shares of Rapid7 stock. The stock was sold at an average price of $22.06, for a total value of $441,200.00.
  • 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 value of $400,000.00.

Shares of Rapid7 Inc (NASDAQ RPD) opened at $24.46 on Wednesday. The firm has a market capitalization of $1,110.00 and a price-to-earnings ratio of -22.86. Rapid7 Inc has a twelve month low of $13.42 and a twelve month high of $25.95.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Monday, February 12th. The technology company reported ($0.29) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.11). The firm had revenue of $57.73 million during the quarter, compared to analyst estimates of $57.39 million. Rapid7 had a negative net margin of 22.63% and a negative return on equity of 130.89%. The company’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter last year, the company earned ($0.13) EPS. research analysts forecast that Rapid7 Inc will post -1 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Wasatch Advisors Inc. lifted its holdings in shares of Rapid7 by 5.2% in the fourth quarter. Wasatch Advisors Inc. now owns 2,088,008 shares of the technology company’s stock valued at $38,962,000 after buying an additional 103,934 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Rapid7 by 6.5% during the second quarter. Vanguard Group Inc. now owns 1,428,575 shares of the technology company’s stock valued at $24,044,000 after purchasing an additional 87,101 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Rapid7 by 3.2% during the fourth quarter. BlackRock Inc. now owns 1,223,915 shares of the technology company’s stock valued at $22,837,000 after purchasing an additional 38,238 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Rapid7 by 62.3% during the third quarter. Frontier Capital Management Co. LLC now owns 720,672 shares of the technology company’s stock valued at $12,684,000 after purchasing an additional 276,627 shares during the last quarter. Finally, Cortina Asset Management LLC lifted its holdings in shares of Rapid7 by 62.8% during the fourth quarter. Cortina Asset Management LLC now owns 556,533 shares of the technology company’s stock valued at $10,385,000 after purchasing an additional 214,780 shares during the last quarter. Institutional investors and hedge funds own 71.61% of the company’s stock.

A number of research analysts have issued reports on RPD shares. Rosenblatt Securities reiterated a “buy” rating and set a $23.00 price target on shares of Rapid7 in a research report on Thursday, December 14th. Monness Crespi & Hardt reiterated a “buy” rating and set a $27.00 price target (up previously from $23.00) on shares of Rapid7 in a research report on Tuesday, February 13th. Northland Securities set a $28.00 price target on Rapid7 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research lowered Rapid7 from a “buy” rating to a “hold” rating in a research report on Friday, January 19th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $30.00 price target on shares of Rapid7 in a research report on Friday, January 26th. Four investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Rapid7 has a consensus rating of “Buy” and a consensus target price of $24.95.

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About Rapid7

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.

Insider Buying and Selling by Quarter for Rapid7 (NASDAQ:RPD)

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