Blair William & Co. IL lowered its stake in shares of Rapid7 Inc (NASDAQ:RPD) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 402,804 shares of the technology company’s stock after selling 4,744 shares during the quarter. Blair William & Co. IL owned approximately 0.85% of Rapid7 worth $14,872,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the business. Alliancebernstein L.P. lifted its position in Rapid7 by 3,076.7% during the 3rd quarter. Alliancebernstein L.P. now owns 1,226,757 shares of the technology company’s stock valued at $45,292,000 after purchasing an additional 1,188,140 shares during the period. BlackRock Inc. lifted its position in Rapid7 by 64.5% during the 2nd quarter. BlackRock Inc. now owns 2,557,393 shares of the technology company’s stock valued at $72,171,000 after purchasing an additional 1,002,292 shares during the period. Emerald Advisers Inc. PA acquired a new position in Rapid7 during the 2nd quarter valued at about $22,119,000. Emerald Mutual Fund Advisers Trust acquired a new position in Rapid7 during the 2nd quarter valued at about $15,328,000. Finally, Columbus Circle Investors lifted its position in Rapid7 by 46.6% during the 3rd quarter. Columbus Circle Investors now owns 701,831 shares of the technology company’s stock valued at $25,912,000 after purchasing an additional 223,083 shares during the period. 79.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:RPD opened at $31.10 on Friday. The company has a market capitalization of $1.34 billion, a P/E ratio of -29.62 and a beta of 1.02. The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.83 and a current ratio of 1.83. Rapid7 Inc has a fifty-two week low of $18.27 and a fifty-two week high of $39.40.
Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Tuesday, November 6th. The technology company reported ($0.20) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.05. The business had revenue of $62.40 million for the quarter, compared to the consensus estimate of $59.50 million. Rapid7 had a negative net margin of 23.83% and a negative return on equity of 76.86%. Rapid7’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same period last year, the company posted ($0.15) EPS. On average, analysts forecast that Rapid7 Inc will post -1.02 EPS for the current fiscal year.
A number of research analysts have issued reports on RPD shares. Royal Bank of Canada restated a “buy” rating and set a $40.00 target price on shares of Rapid7 in a research report on Tuesday, August 7th. Stifel Nicolaus upped their target price on shares of Rapid7 from $36.00 to $42.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. KeyCorp increased their price target on shares of Rapid7 from $35.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, August 7th. Monness Crespi & Hardt increased their price target on shares of Rapid7 from $35.00 to $38.00 and gave the company a “buy” rating in a research report on Tuesday, August 7th. Finally, BidaskClub upgraded shares of Rapid7 from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 25th. Five investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $36.13.
In other Rapid7 news, COO Andrew F. Burton sold 11,400 shares of the firm’s stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $37.29, for a total transaction of $425,106.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Benjamin Nye sold 2,182,713 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The stock was sold at an average price of $33.00, for a total transaction of $72,029,529.00. The disclosure for this sale can be found here. Insiders sold a total of 2,422,485 shares of company stock worth $80,899,562 over the last quarter. 25.60% of the stock is currently owned by corporate insiders.
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Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enables customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.
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