Rapid7 Inc (NASDAQ:RPD) insider Lee David Weiner sold 21,875 shares of the stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $33.62, for a total value of $735,437.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Lee David Weiner also recently made the following trade(s):
- On Wednesday, May 16th, Lee David Weiner sold 7,618 shares of Rapid7 stock. The shares were sold at an average price of $30.25, for a total value of $230,444.50.
- On Thursday, March 22nd, Lee David Weiner sold 18,541 shares of Rapid7 stock. The shares were sold at an average price of $27.02, for a total value of $500,977.82.
Rapid7 opened at $33.25 on Tuesday, MarketBeat.com reports. Rapid7 Inc has a 1-year low of $14.74 and a 1-year high of $33.92. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -31.67 and a beta of 0.92.
Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, May 8th. The technology company reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.02. Rapid7 had a negative return on equity of 122.32% and a negative net margin of 24.40%. The business had revenue of $54.52 million for the quarter, compared to analysts’ expectations of $52.23 million. During the same quarter in the previous year, the firm earned ($0.14) earnings per share. The business’s revenue was up 20.5% compared to the same quarter last year. equities research analysts predict that Rapid7 Inc will post -0.99 EPS for the current year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Barclays PLC increased its position in shares of Rapid7 by 68.6% during the first quarter. Barclays PLC now owns 5,718 shares of the technology company’s stock worth $146,000 after purchasing an additional 2,327 shares in the last quarter. MetLife Investment Advisors LLC acquired a new stake in shares of Rapid7 during the fourth quarter worth about $190,000. Wade G W & Inc. acquired a new stake in shares of Rapid7 during the first quarter worth about $203,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Rapid7 during the first quarter worth about $213,000. Finally, Ardsley Advisory Partners acquired a new stake in shares of Rapid7 during the fourth quarter worth about $224,000. Institutional investors and hedge funds own 77.10% of the company’s stock.
Several brokerages have recently issued reports on RPD. BTIG Research cut Rapid7 from a “buy” rating to a “neutral” rating in a research note on Monday. Stifel Nicolaus raised their price target on Rapid7 from $32.00 to $36.00 and gave the company a “buy” rating in a research note on Wednesday, May 9th. Barclays restated a “buy” rating and issued a $36.00 price target on shares of Rapid7 in a research note on Thursday, May 10th. Morgan Stanley raised their price target on Rapid7 from $23.00 to $30.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 9th. Finally, Needham & Company LLC raised their price target on Rapid7 from $33.00 to $37.00 and gave the company a “buy” rating in a research note on Thursday, May 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $31.07.
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.
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