Dean Capital Investments Management LLC boosted its stake in shares of Rapid7 Inc (NASDAQ:RPD) by 18.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,887 shares of the technology company’s stock after acquiring an additional 2,593 shares during the quarter. Rapid7 accounts for 0.4% of Dean Capital Investments Management LLC’s holdings, making the stock its 22nd largest position. Dean Capital Investments Management LLC’s holdings in Rapid7 were worth $767,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently made changes to their positions in the stock. Ladenburg Thalmann Financial Services Inc. raised its position in Rapid7 by 26.4% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the technology company’s stock valued at $61,000 after acquiring an additional 217 shares in the last quarter. Brinker Capital Inc. increased its position in shares of Rapid7 by 1.4% in the third quarter. Brinker Capital Inc. now owns 22,672 shares of the technology company’s stock valued at $1,029,000 after buying an additional 315 shares in the last quarter. Rhumbline Advisers increased its position in shares of Rapid7 by 0.8% in the third quarter. Rhumbline Advisers now owns 62,927 shares of the technology company’s stock valued at $2,856,000 after buying an additional 496 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Rapid7 by 30.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,364 shares of the technology company’s stock valued at $137,000 after buying an additional 554 shares in the last quarter. Finally, Signaturefd LLC purchased a new stake in shares of Rapid7 in the second quarter valued at approximately $46,000. Institutional investors own 90.93% of the company’s stock.
Shares of Rapid7 stock traded up $0.73 during trading hours on Tuesday, hitting $51.81. The company’s stock had a trading volume of 2,246 shares, compared to its average volume of 511,403. Rapid7 Inc has a twelve month low of $26.27 and a twelve month high of $66.01. The firm has a fifty day moving average of $48.65 and a 200-day moving average of $53.66. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of -51.30 and a beta of 1.21. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.38 and a current ratio of 1.38.
Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Tuesday, November 5th. The technology company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.20. Rapid7 had a negative return on equity of 40.74% and a negative net margin of 17.27%. The business had revenue of $83.20 million for the quarter, compared to analyst estimates of $80.11 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The company’s quarterly revenue was up 33.3% on a year-over-year basis. On average, sell-side analysts expect that Rapid7 Inc will post -0.67 earnings per share for the current fiscal year.
In related news, COO Andrew F. Burton sold 49,438 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $51.61, for a total value of $2,551,495.18. Also, insider Christina Luconi sold 3,087 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.75, for a total value of $165,926.25. The disclosure for this sale can be found here. Insiders sold a total of 123,462 shares of company stock worth $6,505,874 in the last quarter. Company insiders own 4.90% of the company’s stock.
A number of analysts have recently commented on RPD shares. SunTrust Banks assumed coverage on Rapid7 in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $66.00 price objective for the company. Robert W. Baird reissued a “buy” rating and set a $72.00 price objective on shares of Rapid7 in a research note on Tuesday, November 5th. Royal Bank of Canada boosted their price objective on Rapid7 to $70.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Morgan Stanley lowered their price objective on Rapid7 from $61.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 6th. Finally, Northland Securities set a $75.00 price objective on Rapid7 and gave the stock a “buy” rating in a research note on Monday, July 15th. Five investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $63.33.
Rapid7 Company Profile
Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enable 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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