Rapid7, Inc. (RPD) Given Consensus Rating of “Hold” by Analysts
Rapid7, Inc. (NASDAQ:RPD) has been assigned a consensus rating of “Hold” from the ten brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $19.50.
Several equities analysts have commented on RPD shares. Monness Crespi & Hardt started coverage on shares of Rapid7 in a report on Tuesday, May 30th. They issued a “buy” rating and a $23.00 target price on the stock. ValuEngine lowered shares of Rapid7 from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub lowered shares of Rapid7 from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Rapid7 from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, UBS AG raised shares of Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 target price on the stock in a report on Tuesday, August 8th.
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In other news, Chairman Alan Matthews sold 52,770 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $17.22, for a total value of $908,699.40. Following the transaction, the chairman now owns 3,152,177 shares in the company, valued at approximately $54,280,487.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Lee David Weiner sold 21,000 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of $16.64, for a total transaction of $349,440.00. Following the completion of the transaction, the insider now owns 77,212 shares in the company, valued at approximately $1,284,807.68. The disclosure for this sale can be found here. Insiders sold a total of 93,770 shares of company stock worth $1,601,139 in the last 90 days. Corporate insiders own 56.90% of the company’s stock.
Several large investors have recently added to or reduced their stakes in RPD. Strs Ohio increased its stake in shares of Rapid7 by 38.4% in the 1st quarter. Strs Ohio now owns 44,000 shares of the technology company’s stock valued at $659,000 after acquiring an additional 12,200 shares in the last quarter. US Bancorp DE increased its stake in shares of Rapid7 by 594.0% in the 1st quarter. US Bancorp DE now owns 10,965 shares of the technology company’s stock valued at $165,000 after acquiring an additional 9,385 shares in the last quarter. Swiss National Bank increased its stake in shares of Rapid7 by 21.5% in the 1st quarter. Swiss National Bank now owns 24,300 shares of the technology company’s stock valued at $364,000 after acquiring an additional 4,300 shares in the last quarter. Oxford Asset Management bought a new stake in shares of Rapid7 in the 1st quarter valued at $293,000. Finally, Raymond James Financial Services Advisors Inc. increased its stake in shares of Rapid7 by 23.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 15,620 shares of the technology company’s stock valued at $234,000 after acquiring an additional 2,980 shares in the last quarter. Institutional investors own 71.01% of the company’s stock.
Rapid7 (NASDAQ:RPD) traded down 0.70% during mid-day trading on Friday, reaching $17.12. 106,599 shares of the company were exchanged. Rapid7 has a 12-month low of $10.63 and a 12-month high of $18.30. The stock’s market capitalization is $738.06 million. The company’s 50 day moving average price is $17.28 and its 200-day moving average price is $17.28.
Rapid7 (NASDAQ:RPD) last released its earnings results on Monday, August 7th. The technology company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.04. Rapid7 had a negative net margin of 23.67% and a negative return on equity of 98.26%. The firm had revenue of $47.44 million for the quarter, compared to analyst estimates of $46.31 million. During the same period last year, the firm earned ($0.22) EPS. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. On average, equities research analysts forecast that Rapid7 will post ($0.62) earnings per share for the current fiscal year.
Rapid7 Company Profile
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.
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