Rapid7, Inc. (NASDAQ:RPD) Stock Position Decreased by Vanguard Group Inc.

Vanguard Group Inc. lessened its holdings in shares of Rapid7, Inc. (NASDAQ:RPD) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,980,546 shares of the technology company’s stock after selling 60,465 shares during the period. Vanguard Group Inc. owned 11.26% of Rapid7 worth $398,589,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the business. Natixis Advisors L.P. lifted its stake in shares of Rapid7 by 2.0% in the 4th quarter. Natixis Advisors L.P. now owns 17,446 shares of the technology company’s stock worth $996,000 after acquiring an additional 344 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Rapid7 by 11.6% in the 4th quarter. Principal Financial Group Inc. now owns 6,998 shares of the technology company’s stock worth $400,000 after acquiring an additional 727 shares during the period. International Assets Investment Management LLC lifted its stake in shares of Rapid7 by 3,367.9% in the 4th quarter. International Assets Investment Management LLC now owns 971 shares of the technology company’s stock worth $55,000 after acquiring an additional 943 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Rapid7 by 12.5% in the 4th quarter. Handelsbanken Fonder AB now owns 9,900 shares of the technology company’s stock worth $565,000 after acquiring an additional 1,100 shares during the period. Finally, Strs Ohio lifted its stake in shares of Rapid7 by 50.0% in the 4th quarter. Strs Ohio now owns 3,900 shares of the technology company’s stock worth $222,000 after acquiring an additional 1,300 shares during the period. Institutional investors own 95.66% of the company’s stock.

Rapid7 Stock Performance

Rapid7 stock opened at $42.70 on Friday. The firm has a market cap of $2.66 billion, a PE ratio of -20.83 and a beta of 0.98. The firm’s 50 day moving average price is $39.74 and its two-hundred day moving average price is $49.30. Rapid7, Inc. has a twelve month low of $35.08 and a twelve month high of $61.88.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $205.10 million for the quarter, compared to analyst estimates of $204.10 million. Rapid7 had a negative net margin of 15.14% and a negative return on equity of 31.09%. Equities analysts anticipate that Rapid7, Inc. will post 0.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on RPD shares. Robert W. Baird reduced their price target on shares of Rapid7 from $62.00 to $56.00 and set an “outperform” rating for the company in a research note on Wednesday, May 8th. Scotiabank initiated coverage on shares of Rapid7 in a report on Friday, April 26th. They issued a “sector perform” rating and a $46.00 target price on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Rapid7 in a report on Friday, May 10th. UBS Group dropped their target price on shares of Rapid7 from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Finally, Susquehanna dropped their target price on shares of Rapid7 from $55.00 to $40.00 and set a “neutral” rating on the stock in a report on Monday, May 13th. Twelve equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.73.

Insider Buying and Selling at Rapid7

In other Rapid7 news, COO Andrew F. Burton sold 20,653 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $48.73, for a total value of $1,006,420.69. Following the completion of the sale, the chief operating officer now directly owns 236,841 shares of the company’s stock, valued at $11,541,261.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.60% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.