BidaskClub downgraded shares of Rapid7 (NASDAQ:RPD) from a buy rating to a hold rating in a research report sent to investors on Monday.
RPD has been the topic of several other research reports. Zacks Investment Research lowered shares of Rapid7 from a buy rating to a hold rating in a research report on Friday, January 19th. Rosenblatt Securities restated a buy rating and set a $23.00 price target on shares of Rapid7 in a research report on Thursday, December 14th. Needham & Company LLC restated a buy rating and set a $30.00 price target (up previously from $23.00) on shares of Rapid7 in a research report on Monday, February 12th. ValuEngine upgraded shares of Rapid7 from a sell rating to a hold rating in a research report on Sunday, December 31st. Finally, Susquehanna Bancshares lifted their target price on shares of Rapid7 from $22.00 to $28.00 and gave the company a positive rating in a research report on Wednesday, January 24th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Rapid7 presently has a consensus rating of Buy and an average price target of $25.54.
Shares of Rapid7 stock opened at $26.37 on Monday. The company has a market cap of $1,189.01, a price-to-earnings ratio of -24.88 and a beta of 0.87. Rapid7 has a 52-week low of $13.42 and a 52-week high of $28.18.
Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Monday, February 12th. The technology company reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.11). The firm had revenue of $57.73 million for 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 141.69%. The firm’s quarterly revenue was up 28.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.13) EPS. research analysts forecast that Rapid7 will post -0.97 earnings per share for the current fiscal year.
In other news, COO Andrew F. Burton sold 19,043 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $24.60, for a total value of $468,457.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Alan Matthews sold 20,000 shares of the firm’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,329,043 shares of company stock worth $74,850,758. Company insiders own 56.90% of the company’s stock.
Large investors have recently bought and sold shares of the company. Crow Point Partners LLC purchased a new position in shares of Rapid7 in the fourth quarter worth about $119,000. Fortaleza Asset Management Inc. purchased a new position in shares of Rapid7 in the fourth quarter worth about $160,000. MetLife Investment Advisors LLC purchased a new position in shares of Rapid7 in the fourth quarter worth about $190,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Rapid7 in the third quarter worth about $187,000. Finally, Hamilton Lane Advisors LLC purchased a new position in shares of Rapid7 in the fourth quarter worth about $207,000. 67.77% of the stock is currently owned by hedge funds and other institutional investors.
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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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