Rapid7, Inc. (RPD) Insider Sells $1,878,183.45 in Stock
Rapid7, Inc. (NASDAQ:RPD) insider Vii Lp Tcv sold 102,465 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $18.33, for a total value of $1,878,183.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Rapid7, Inc. (RPD) traded down $0.99 during trading on Wednesday, reaching $18.37. The company had a trading volume of 1,028,700 shares, compared to its average volume of 218,155. Rapid7, Inc. has a 52-week low of $11.26 and a 52-week high of $20.25.
Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Tuesday, November 7th. 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 115.79% and a negative net margin of 22.44%. The firm had revenue of $50.50 million for the quarter, compared to the consensus estimate of $49.87 million. During the same quarter last year, the business posted ($0.13) earnings per share. The firm’s revenue was up 25.3% compared to the same quarter last year. analysts forecast that Rapid7, Inc. will post -1.03 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Citigroup Inc. lifted its position in Rapid7 by 1,398.9% during the second quarter. Citigroup Inc. now owns 9,788 shares of the technology company’s stock worth $165,000 after buying an additional 9,135 shares in the last quarter. BT Investment Management Ltd purchased a new position in Rapid7 during the second quarter worth approximately $169,000. Migdal Insurance & Financial Holdings Ltd. lifted its position in Rapid7 by 25.8% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,352 shares of the technology company’s stock worth $173,000 after buying an additional 2,124 shares in the last quarter. American International Group Inc. lifted its position in Rapid7 by 7.1% during 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. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Rapid7 in the third quarter valued at $187,000. Hedge funds and other institutional investors own 71.80% of the company’s stock.
Several equities analysts have recently weighed in on RPD shares. BidaskClub downgraded Rapid7 from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine downgraded Rapid7 from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. UBS AG upgraded Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 target price on the stock in a research report on Tuesday, August 8th. Susquehanna Bancshares Inc upgraded Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 target price on the stock in a research report on Tuesday, August 8th. Finally, Zacks Investment Research downgraded Rapid7 from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. Rapid7 currently has a consensus rating of “Buy” and a consensus target price of $20.83.
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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