Rapid7 (RPD) Upgraded at ValuEngine

Rapid7 (NASDAQ:RPD) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Friday.

RPD has been the subject of a number of other research reports. Royal Bank of Canada lifted their target price on shares of Rapid7 from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. KeyCorp restated a “buy” rating and set a $25.00 price target on shares of Rapid7 in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Rapid7 from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. BidaskClub upgraded shares of Rapid7 from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $23.00 target price on shares of Rapid7 in a research report on Thursday, December 14th. Four research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Rapid7 currently has a consensus rating of “Buy” and an average price target of $23.41.

Rapid7 (RPD) traded down $0.22 during mid-day trading on Friday, hitting $23.45. The stock had a trading volume of 258,337 shares, compared to its average volume of 508,098. The firm has a market cap of $1,068.24, a P/E ratio of -23.69 and a beta of 1.12. Rapid7 has a 1-year low of $12.49 and a 1-year high of $25.95.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Tuesday, November 7th. The technology company reported ($0.15) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.02. Rapid7 had a negative net margin of 22.44% and a negative return on equity of 115.79%. The company had revenue of $50.50 million during the quarter, compared to analysts’ expectations of $49.87 million. During the same period in the prior year, the company posted ($0.13) EPS. The firm’s revenue for the quarter was up 25.3% on a year-over-year basis. analysts expect that Rapid7 will post -1.06 earnings per share for the current year.

In other Rapid7 news, insider Corey E. Thomas sold 250,000 shares of the company’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $21.01, for a total transaction of $5,252,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Alan Matthews sold 20,000 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. The disclosure for this sale can be found here. Insiders sold 3,366,228 shares of company stock valued at $67,886,717 in the last quarter. Corporate insiders own 56.90% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Crow Point Partners LLC purchased a new position in Rapid7 in the fourth quarter valued at $119,000. Fortaleza Asset Management Inc. purchased a new stake in Rapid7 in the 4th quarter valued at approximately $160,000. Citigroup Inc. lifted its stake in Rapid7 by 1,398.9% in the 2nd quarter. Citigroup Inc. now owns 9,788 shares of the technology company’s stock valued at $165,000 after buying an additional 9,135 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its stake 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 valued at $173,000 after buying an additional 2,124 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new position in Rapid7 in the 3rd quarter valued at $187,000. 70.77% of the stock is currently owned by institutional investors and hedge funds.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Rapid7 (NASDAQ:RPD)

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