Insider Selling: Rapid7 (RPD) Chairman Sells $1,816,200.00 in Stock

Rapid7 (NASDAQ:RPD) Chairman Alan Matthews sold 60,000 shares of the stock in a transaction that occurred on Wednesday, May 16th. The shares were sold at an average price of $30.27, for a total transaction of $1,816,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Friday, May 4th, Alan Matthews sold 40,000 shares of Rapid7 stock. The shares were sold at an average price of $30.00, for a total transaction of $1,200,000.00.
  • On Tuesday, April 17th, Alan Matthews sold 20,000 shares of Rapid7 stock. The shares were sold at an average price of $27.93, for a total transaction of $558,600.00.
  • On Tuesday, March 20th, Alan Matthews sold 20,000 shares of Rapid7 stock. The shares were sold at an average price of $26.78, for a total transaction of $535,600.00.
  • On Friday, February 16th, Alan Matthews sold 20,000 shares of Rapid7 stock. The shares were sold at an average price of $23.93, for a total transaction of $478,600.00.

Shares of NASDAQ:RPD opened at $30.79 on Friday. The firm has a market cap of $1.39 billion, a P/E ratio of -29.32 and a beta of 0.87. Rapid7 has a 1-year low of $14.74 and a 1-year high of $33.70.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Tuesday, May 8th. The technology company reported ($0.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.02. The firm had revenue of $54.52 million during the quarter, compared to analysts’ expectations of $52.23 million. Rapid7 had a negative net margin of 24.40% and a negative return on equity of 122.32%. Rapid7’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.14) EPS. analysts forecast that Rapid7 will post -0.97 earnings per share for the current year.

Several brokerages have recently issued reports on RPD. Rosenblatt Securities restated a “buy” rating and issued a $37.00 target price on shares of Rapid7 in a report on Thursday, May 10th. Needham & Company LLC upped their target price on shares of Rapid7 from $33.00 to $37.00 and gave the company a “buy” rating in a report on Thursday, May 10th. Barclays restated a “buy” rating and issued a $36.00 target price on shares of Rapid7 in a report on Thursday, May 10th. ValuEngine upgraded shares of Rapid7 from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 9th. Finally, Stifel Nicolaus upped their target price on shares of Rapid7 from $32.00 to $36.00 and gave the company a “buy” rating in a report on Wednesday, May 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Rapid7 has an average rating of “Buy” and a consensus target price of $31.07.

Large investors have recently modified their holdings of the stock. Barclays PLC boosted its stake in Rapid7 by 68.6% during the 1st quarter. Barclays PLC now owns 5,718 shares of the technology company’s stock worth $146,000 after purchasing an additional 2,327 shares during the period. Wade G W & Inc. acquired a new stake in Rapid7 during the 1st quarter worth $203,000. Cubist Systematic Strategies LLC acquired a new stake in Rapid7 during the 1st quarter worth $213,000. Fortaleza Asset Management Inc. acquired a new stake in Rapid7 during the 4th quarter worth $160,000. Finally, Neuberger Berman Group LLC acquired a new stake in Rapid7 during the 1st quarter worth $230,000. Hedge funds and other institutional investors own 68.32% of the company’s stock.

About Rapid7

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enables customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.

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

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