Rapid7, Inc. (NASDAQ:RPD) Given Average Recommendation of “Hold” by Brokerages

Rapid7, Inc. (NASDAQ:RPD) has been assigned an average recommendation of “Hold” from the twenty-one ratings firms that are covering the stock, MarketBeat.com reports. Fifteen equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $41.22.

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group lowered their target price on Rapid7 from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. UBS Group lowered their target price on Rapid7 from $52.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. StockNews.com raised Rapid7 from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Scotiabank lowered their target price on Rapid7 from $42.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. Finally, Raymond James lowered their target price on Rapid7 from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th.

Rapid7 Stock Performance

Shares of RPD opened at $29.25 on Monday. Rapid7 has a 52-week low of $27.95 and a 52-week high of $55.99. The business’s 50 day moving average price is $36.42 and its two-hundred day moving average price is $38.23. The firm has a market cap of $1.87 billion, a PE ratio of 75.00 and a beta of 0.92.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.38). Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. Research analysts predict that Rapid7 will post 0.35 EPS for the current fiscal year.

Insider Buying and Selling at Rapid7

In other Rapid7 news, CEO Corey E. Thomas sold 100,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $39.38, for a total value of $3,938,000.00. Following the completion of the transaction, the chief executive officer now owns 431,469 shares in the company, valued at $16,991,249.22. This represents a 18.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of RPD. Shapiro Capital Management LLC grew its stake in Rapid7 by 295.9% in the 4th quarter. Shapiro Capital Management LLC now owns 1,290,945 shares of the technology company’s stock valued at $51,935,000 after purchasing an additional 964,899 shares during the period. Estuary Capital Management LP bought a new position in shares of Rapid7 during the 4th quarter worth $20,714,000. Dendur Capital LP bought a new position in shares of Rapid7 during the 4th quarter worth $19,190,000. Raymond James Financial Inc. bought a new position in shares of Rapid7 during the 4th quarter worth $12,050,000. Finally, Marshall Wace LLP grew its stake in shares of Rapid7 by 144.2% during the 4th quarter. Marshall Wace LLP now owns 475,695 shares of the technology company’s stock worth $19,137,000 after acquiring an additional 280,913 shares during the period. Institutional investors own 95.66% 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.