Rapid7, Inc. (NASDAQ:RPD) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its holdings in shares of Rapid7, Inc. (NASDAQ:RPD) by 1.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 520,006 shares of the technology company’s stock after purchasing an additional 8,918 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.82% of Rapid7 worth $20,920,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Pacer Advisors Inc. increased its stake in Rapid7 by 30.4% in the fourth 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 during the last quarter. Exchange Traded Concepts LLC lifted its holdings in Rapid7 by 0.6% in the fourth quarter. Exchange Traded Concepts LLC now owns 69,154 shares of the technology company’s stock valued at $2,782,000 after acquiring an additional 446 shares during the period. KBC Group NV lifted its holdings in Rapid7 by 47.7% in the fourth quarter. KBC Group NV now owns 2,686 shares of the technology company’s stock valued at $108,000 after acquiring an additional 867 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Rapid7 by 3.1% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,078 shares of the technology company’s stock worth $1,280,000 after buying an additional 965 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Rapid7 by 17.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,900 shares of the technology company’s stock worth $358,000 after buying an additional 1,335 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Corey E. Thomas sold 100,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 431,469 shares of the company’s stock, valued at $16,991,249.22. This trade represents a 18.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Rapid7 Stock Up 1.0 %

NASDAQ:RPD opened at $29.34 on Thursday. Rapid7, Inc. has a 1-year low of $26.77 and a 1-year high of $51.99. The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 75.23 and a beta of 0.92. The stock has a fifty day simple moving average of $34.56 and a 200 day simple moving average of $37.70.

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

Analysts Set New Price Targets

Several research firms have commented on RPD. Truist Financial lowered their price target on Rapid7 from $38.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, February 13th. Needham & Company LLC reiterated a “hold” rating on shares of Rapid7 in a research note on Thursday, February 13th. Raymond James reduced their price objective on Rapid7 from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. UBS Group dropped 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. Finally, Scotiabank lowered their price target on Rapid7 from $42.00 to $38.00 and set a “sector perform” rating on the stock in a report on Thursday, February 13th. Fifteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Rapid7 presently has a consensus rating of “Hold” and an average price target of $40.50.

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.