Rapid7, Inc. (NASDAQ:RPD)‘s stock had its “buy” rating restated by research analysts at Northland Securities in a research note issued on Friday. They currently have a $23.00 price objective on the technology company’s stock. Northland Securities’ target price would indicate a potential upside of 34.50% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research cut Rapid7 from a “buy” rating to a “hold” rating in a research note on Wednesday. Susquehanna Bancshares Inc began coverage on Rapid7 in a research note on Wednesday, June 7th. They set a “neutral” rating and a $20.00 price objective on the stock. Monness Crespi & Hardt began coverage on Rapid7 in a research note on Tuesday, May 30th. They set a “buy” rating and a $23.00 price objective on the stock. Royal Bank Of Canada raised their price objective on Rapid7 from $19.00 to $22.00 and gave the company an “outperform” rating in a research note on Wednesday, May 10th. Finally, Cowen and Company restated a “hold” rating and set a $11.50 price objective on shares of Rapid7 in a research note on Friday, April 14th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $19.93.

Shares of Rapid7 (RPD) traded down 1.04% during mid-day trading on Friday, hitting $17.10. 87,774 shares of the stock were exchanged. The stock’s market capitalization is $723.93 million. The stock’s 50 day moving average price is $17.79 and its 200-day moving average price is $15.27. Rapid7 has a 12-month low of $10.63 and a 12-month high of $19.29.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Tuesday, May 9th. The technology company reported ($0.24) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.17. Rapid7 had a negative return on equity of 93.19% and a negative net margin of 26.19%. The business had revenue of $45.20 million for the quarter, compared to analysts’ expectations of $44.01 million. During the same period last year, the business earned ($0.23) EPS. The business’s revenue was up 30.0% on a year-over-year basis. On average, equities research analysts expect that Rapid7 will post ($0.63) EPS for the current fiscal year.

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In other news, insider Jay C. Hoag sold 1,400,000 shares of Rapid7 stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $18.00, for a total transaction of $25,200,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Andrew F. Burton sold 37,843 shares of Rapid7 stock in a transaction on Friday, June 16th. The stock was sold at an average price of $16.95, for a total value of $641,438.85. Following the sale, the chief operating officer now owns 238,158 shares in the company, valued at $4,036,778.10. The disclosure for this sale can be found here. Insiders own 56.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Cutler Group LP purchased a new stake in shares of Rapid7 during the third quarter worth about $104,000. Commonwealth Equity Services Inc purchased a new stake in shares of Rapid7 during the second quarter worth about $135,000. US Bancorp DE boosted its stake in shares of Rapid7 by 594.0% in the first quarter. US Bancorp DE now owns 10,965 shares of the technology company’s stock worth $165,000 after buying an additional 9,385 shares in the last quarter. TFS Capital LLC purchased a new stake in shares of Rapid7 during the first quarter worth about $169,000. Finally, American International Group Inc. boosted its stake in shares of Rapid7 by 7.1% in the first quarter. American International Group Inc. now owns 12,257 shares of the technology company’s stock worth $184,000 after buying an additional 815 shares in the last quarter. Institutional investors own 68.71% of the company’s stock.

About Rapid7

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.

Analyst Recommendations for Rapid7 (NASDAQ:RPD)

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