Rapid7 (NASDAQ:RPD) Upgraded at Stephens

Stephens upgraded shares of Rapid7 (NASDAQ:RPD) to a strong-buy rating in a research note released on Monday morning,Zacks.com reports.

A number of other equities research analysts have also commented on RPD. Citigroup decreased their price target on Rapid7 from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Morgan Stanley initiated coverage on Rapid7 in a report on Tuesday, March 18th. They set an “equal weight” rating and a $33.00 target price on the stock. Scotiabank cut their price target on Rapid7 from $42.00 to $38.00 and set a “sector perform” rating for the company in a report on Thursday, February 13th. Needham & Company LLC reissued a “hold” rating on shares of Rapid7 in a report on Thursday, February 13th. Finally, DA Davidson dropped their target price on shares of Rapid7 from $35.00 to $29.00 and set a “neutral” rating for the company in a research note on Tuesday, March 25th. Fifteen research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Rapid7 has an average rating of “Hold” and an average price target of $39.05.

Rapid7 Trading Up 2.5 %

RPD stock opened at $27.44 on Monday. Rapid7 has a 1-year low of $25.98 and a 1-year high of $50.55. The business’s 50 day moving average is $32.36 and its 200-day moving average is $37.21. The firm has a market cap of $1.76 billion, a P/E ratio of 70.36 and a beta of 0.99.

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

Insider Buying and Selling at Rapid7

In other Rapid7 news, CEO Corey E. Thomas sold 100,000 shares of the business’s stock in a transaction that occurred 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 sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its stake in shares of Rapid7 by 30.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company’s stock worth $60,000 after buying an additional 347 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in Rapid7 by 0.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 69,154 shares of the technology company’s stock valued at $2,782,000 after purchasing an additional 446 shares during the last quarter. Skandinaviska Enskilda Banken AB publ grew its stake in Rapid7 by 68.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,116 shares of the technology company’s stock valued at $46,000 after purchasing an additional 455 shares in the last quarter. Ostrum Asset Management increased its position in shares of Rapid7 by 45.3% during the 4th quarter. Ostrum Asset Management now owns 2,478 shares of the technology company’s stock worth $100,000 after purchasing an additional 772 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Rapid7 by 47.7% during the 4th quarter. KBC Group NV now owns 2,686 shares of the technology company’s stock worth $108,000 after purchasing an additional 867 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

About Rapid7

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.