US Bancorp DE Sells 2,792 Shares of Rapid7, Inc. (NASDAQ:RPD)

US Bancorp DE lowered its position in shares of Rapid7, Inc. (NASDAQ:RPD) by 31.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,112 shares of the technology company’s stock after selling 2,792 shares during the period. US Bancorp DE’s holdings in Rapid7 were worth $246,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in Rapid7 by 30.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company’s stock valued at $60,000 after purchasing an additional 347 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Rapid7 during the 3rd quarter valued at about $69,000. KBC Group NV increased its stake in Rapid7 by 47.7% during the 4th quarter. KBC Group NV now owns 2,686 shares of the technology company’s stock valued at $108,000 after purchasing an additional 867 shares in the last quarter. FORA Capital LLC bought a new stake in Rapid7 during the 3rd quarter valued at about $209,000. Finally, Versor Investments LP bought a new stake in Rapid7 during the 4th quarter valued at about $266,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of Rapid7 from $42.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. UBS Group dropped their price objective on shares of Rapid7 from $52.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group dropped their price objective on shares of Rapid7 from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Scotiabank dropped their price objective on shares of Rapid7 from $42.00 to $38.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Rapid7 from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. Fifteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.22.

Rapid7 Trading Up 4.5 %

Shares of NASDAQ:RPD opened at $27.99 on Friday. The stock’s 50-day moving average price is $35.41 and its two-hundred day moving average price is $37.94. Rapid7, Inc. has a 12-month low of $26.77 and a 12-month high of $51.99. The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 71.77 and a beta of 0.92.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.12 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%. As a group, research analysts forecast that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Rapid7 news, CEO Corey E. Thomas sold 100,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $39.38, for a total transaction 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 approximately $16,991,249.22. The trade was a 18.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.60% of the stock is owned by company insiders.

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.