Rapid7 (NASDAQ:RPD) Now Covered by Analysts at Stephens

Stephens began coverage on shares of Rapid7 (NASDAQ:RPD) in a report released on Tuesday, MarketBeat reports. The firm issued an equal weight rating and a $33.00 price target on the technology company’s stock.

Several other equities research analysts have also recently commented on RPD. Jefferies Financial Group decreased their target price on Rapid7 from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Monday. Truist Financial dropped their target price on shares of Rapid7 from $38.00 to $35.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. DA Davidson reduced their price target on shares of Rapid7 from $35.00 to $29.00 and set a “neutral” rating for the company in a report on Tuesday, March 25th. Needham & Company LLC reiterated a “hold” rating on shares of Rapid7 in a report on Thursday, February 13th. Finally, Morgan Stanley assumed coverage on shares of Rapid7 in a research report on Tuesday, March 18th. They set an “equal weight” rating and a $33.00 price objective on the stock. Sixteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.05.

Rapid7 Stock Performance

NASDAQ:RPD opened at $26.78 on Tuesday. The company has a market capitalization of $1.71 billion, a PE ratio of 68.67 and a beta of 0.92. Rapid7 has a fifty-two week low of $25.98 and a fifty-two week high of $50.55. The company has a 50 day simple moving average of $32.60 and a two-hundred day simple moving average of $37.27.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.12 earnings per share 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%. Research analysts predict that Rapid7 will post 0.35 EPS for the current year.

Insider Buying and Selling

In related news, CEO Corey E. Thomas sold 100,000 shares of Rapid7 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 sale, the chief executive officer now directly owns 431,469 shares in the company, valued at approximately $16,991,249.22. This trade represents a 18.82 % decrease in their ownership of the stock. 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 corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. CSS LLC IL purchased a new position in shares of Rapid7 in the 4th quarter worth about $837,000. Vident Advisory LLC raised its position in Rapid7 by 47.7% in the fourth quarter. Vident Advisory LLC now owns 33,818 shares of the technology company’s stock worth $1,360,000 after acquiring an additional 10,923 shares during the period. Two Sigma Advisers LP boosted its stake in Rapid7 by 87.7% in the fourth quarter. Two Sigma Advisers LP now owns 10,700 shares of the technology company’s stock valued at $430,000 after acquiring an additional 5,000 shares during the last quarter. Two Sigma Investments LP boosted its stake in Rapid7 by 48.7% in the fourth quarter. Two Sigma Investments LP now owns 142,167 shares of the technology company’s stock valued at $5,719,000 after acquiring an additional 46,567 shares during the last quarter. Finally, Shapiro Capital Management LLC grew its position in shares of Rapid7 by 295.9% during 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 acquiring an additional 964,899 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.