Insider Selling: Rapid7 Inc (RPD) Chairman Sells 20,000 Shares of Stock

Rapid7 Inc (NASDAQ:RPD) Chairman Alan Matthews sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $22.06, for a total transaction of $441,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Alan Matthews also recently made the following trade(s):

  • On Friday, January 5th, Alan Matthews sold 20,000 shares of Rapid7 stock. The shares were sold at an average price of $20.00, for a total transaction of $400,000.00.
  • On Thursday, November 9th, Alan Matthews sold 20,000 shares of Rapid7 stock. The shares were sold at an average price of $20.00, for a total transaction of $400,000.00.

Rapid7 Inc (NASDAQ RPD) traded up $0.21 during trading hours on Friday, hitting $21.93. 115,356 shares of the stock traded hands, compared to its average volume of 264,669. The company has a market capitalization of $962.31 and a P/E ratio of -22.15. Rapid7 Inc has a one year low of $12.20 and a one year high of $22.58.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, November 7th. The technology company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.02. The company had revenue of $50.50 million during the quarter, compared to the consensus estimate of $49.87 million. Rapid7 had a negative net margin of 22.44% and a negative return on equity of 115.79%. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.13) earnings per share. equities research analysts expect that Rapid7 Inc will post -1.05 EPS for the current year.

Several large investors have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. grew its position in Rapid7 by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 67,670 shares of the technology company’s stock worth $1,139,000 after purchasing an additional 399 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in Rapid7 by 3.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,004 shares of the technology company’s stock worth $303,000 after purchasing an additional 625 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. grew its position in Rapid7 by 25.8% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,352 shares of the technology company’s stock worth $173,000 after purchasing an additional 2,124 shares in the last quarter. Rhumbline Advisers grew its position in Rapid7 by 12.8% in the 2nd quarter. Rhumbline Advisers now owns 23,331 shares of the technology company’s stock worth $393,000 after purchasing an additional 2,640 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in Rapid7 by 23.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 17,955 shares of the technology company’s stock worth $302,000 after purchasing an additional 3,398 shares in the last quarter. 70.71% of the stock is owned by institutional investors.

Several equities research analysts have weighed in on the stock. Needham & Company LLC assumed coverage on shares of Rapid7 in a research note on Monday, October 23rd. They issued a “buy” rating and a $23.00 price target for the company. ValuEngine raised shares of Rapid7 from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. BidaskClub downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Zacks Investment Research downgraded shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $25.00 price target on shares of Rapid7 in a research note on Friday, October 6th. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $21.32.

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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.

Insider Buying and Selling by Quarter for Rapid7 (NASDAQ:RPD)

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