Rapid7 Inc. (RPD) Insider Sells $250,800.00 in Stock
Rapid7 Inc. (NASDAQ:RPD) insider Lee David Weiner sold 15,000 shares of the firm’s stock in a transaction dated Monday, October 10th. The shares were sold at an average price of $16.72, for a total transaction of $250,800.00. Following the sale, the insider now owns 44,843 shares of the company’s stock, valued at $749,774.96. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Lee David Weiner also recently made the following trade(s):
- On Wednesday, September 7th, Lee David Weiner sold 15,000 shares of Rapid7 stock. The shares were sold at an average price of $18.29, for a total transaction of $274,350.00.
Shares of Rapid7 Inc. (NASDAQ:RPD) opened at 15.62 on Thursday. Rapid7 Inc. has a 52 week low of $9.05 and a 52 week high of $22.14. The company’s market capitalization is $634.69 million. The stock has a 50 day moving average of $17.40 and a 200-day moving average of $14.29.
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Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Monday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. Rapid7 had a negative net margin of 46.51% and a negative return on equity of 100.88%. The firm had revenue of $37.30 million for the quarter, compared to the consensus estimate of $36.29 million. During the same quarter in the prior year, the company posted ($0.61) earnings per share. The company’s revenue for the quarter was up 44.6% compared to the same quarter last year. On average, analysts anticipate that Rapid7 Inc. will post ($0.90) EPS for the current year.
Several institutional investors have recently bought and sold shares of the stock. Cutler Group LP bought a new position in Rapid7 during the third quarter valued at about $104,000. Commonwealth Equity Services Inc bought a new position in Rapid7 during the second quarter valued at about $135,000. American International Group Inc. increased its position in Rapid7 by 143.8% in the second quarter. American International Group Inc. now owns 11,455 shares of the company’s stock valued at $144,000 after buying an additional 6,756 shares during the period. Nationwide Fund Advisors increased its position in Rapid7 by 160.1% in the second quarter. Nationwide Fund Advisors now owns 12,737 shares of the company’s stock valued at $160,000 after buying an additional 7,840 shares during the period. Finally, Barclays PLC increased its position in Rapid7 by 1,990.4% in the second quarter. Barclays PLC now owns 13,316 shares of the company’s stock valued at $167,000 after buying an additional 12,679 shares during the period. Hedge funds and other institutional investors own 67.37% of the company’s stock.
A number of research firms have weighed in on RPD. Zacks Investment Research lowered shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Tuesday, August 30th. Macquarie began coverage on shares of Rapid7 in a research note on Friday, July 8th. They set a “neutral” rating and a $16.00 price objective for the company. Barclays PLC set a $17.00 price objective on shares of Rapid7 and gave the company a “buy” rating in a research note on Tuesday, August 9th. Finally, Rosenblatt Securities began coverage on shares of Rapid7 in a research note on Friday, August 26th. They set a “buy” rating and a $23.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $20.67.
Rapid7, Inc is a provider of security data and analytics solutions that enable organizations to implement an active approach to cyber security. The Company’s Rapid7 Insight Platform is a security data and analytics platform that provides solutions to cyber security that enables organizations to find and eliminate critical weaknesses and detect attacks in their information technology (IT) environments.
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