Diversified Trust Co Sells 1,708 Shares of Rapid7, Inc. (NASDAQ:RPD)

Diversified Trust Co lowered its stake in shares of Rapid7, Inc. (NASDAQ:RPD) by 8.8% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,739 shares of the technology company’s stock after selling 1,708 shares during the quarter. Diversified Trust Co’s holdings in Rapid7 were worth $870,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors L.P. lifted its position in Rapid7 by 2.0% during the 4th quarter. Natixis Advisors L.P. now owns 17,446 shares of the technology company’s stock valued at $996,000 after purchasing an additional 344 shares during the period. Principal Financial Group Inc. lifted its position in Rapid7 by 11.6% during the 4th quarter. Principal Financial Group Inc. now owns 6,998 shares of the technology company’s stock valued at $400,000 after purchasing an additional 727 shares during the period. Mather Group LLC. acquired a new position in Rapid7 during the 1st quarter valued at about $42,000. International Assets Investment Management LLC lifted its position in Rapid7 by 3,367.9% during the 4th quarter. International Assets Investment Management LLC now owns 971 shares of the technology company’s stock valued at $55,000 after purchasing an additional 943 shares during the period. Finally, Handelsbanken Fonder AB lifted its position in Rapid7 by 12.5% during the 4th quarter. Handelsbanken Fonder AB now owns 9,900 shares of the technology company’s stock valued at $565,000 after purchasing an additional 1,100 shares during the period. Institutional investors own 95.66% of the company’s stock.

Insider Transactions at Rapid7

In related news, COO Andrew F. Burton sold 20,653 shares of the firm’s stock in a transaction 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 transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.60% of the company’s stock.

Rapid7 Stock Down 1.0 %

Shares of RPD opened at $42.72 on Wednesday. The stock has a market capitalization of $2.66 billion, a P/E ratio of -20.84 and a beta of 0.98. Rapid7, Inc. has a twelve month low of $35.08 and a twelve month high of $61.88. The company has a 50 day moving average of $39.62 and a 200-day moving average of $48.86.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, hitting the consensus estimate of $0.22. The company had revenue of $205.10 million during the quarter, compared to analysts’ expectations of $204.10 million. Rapid7 had a negative net margin of 15.14% and a negative return on equity of 31.09%. On average, sell-side analysts anticipate that Rapid7, Inc. will post 0.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on RPD. Citigroup cut their price target on shares of Rapid7 from $65.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Needham & Company LLC reiterated a “hold” rating on shares of Rapid7 in a research report on Friday, May 10th. Scotiabank began coverage on shares of Rapid7 in a research report on Friday, April 26th. They issued a “sector perform” rating and a $46.00 price target on the stock. Stifel Nicolaus cut their price target on shares of Rapid7 from $63.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Finally, Canaccord Genuity Group cut their price target on shares of Rapid7 from $60.00 to $52.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $51.73.

Rapid7 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.