Somewhat Positive Press Coverage Somewhat Unlikely to Affect Rapid7 (NASDAQ:RPD) Share Price

Media coverage about Rapid7 (NASDAQ:RPD) has trended somewhat positive on Wednesday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rapid7 earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 46.8951626891815 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have effected Accern’s scoring:

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NASDAQ:RPD traded up $0.66 during mid-day trading on Wednesday, hitting $25.86. 275,178 shares of the company’s stock were exchanged, compared to its average volume of 479,864. Rapid7 has a fifty-two week low of $14.36 and a fifty-two week high of $28.18. The company has a market cap of $1,146.67, a PE ratio of -24.63 and a beta of 0.89.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Monday, February 12th. The technology company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.11). The business had revenue of $57.73 million for the quarter, compared to analyst estimates of $57.39 million. Rapid7 had a negative return on equity of 141.69% and a negative net margin of 22.63%. The firm’s quarterly revenue was up 28.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.13) earnings per share. equities analysts predict that Rapid7 will post -0.97 earnings per share for the current fiscal year.

A number of research firms recently commented on RPD. BidaskClub lowered shares of Rapid7 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 13th. Stifel Nicolaus began coverage on shares of Rapid7 in a research report on Wednesday, February 28th. They set a “buy” rating and a $32.00 price target on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $30.00 target price on shares of Rapid7 in a report on Friday, January 26th. ValuEngine raised shares of Rapid7 from a “hold” rating to a “buy” rating in a report on Monday. Finally, KeyCorp reissued an “overweight” rating and issued a $30.00 target price (up from $25.00) on shares of Rapid7 in a report on Tuesday, January 30th. Four analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $25.54.

In other news, Chairman Alan Matthews sold 20,000 shares of Rapid7 stock in a transaction on Friday, January 5th. The shares were sold at an average price of $20.00, for a total value of $400,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Lee David Weiner sold 18,541 shares of Rapid7 stock in a transaction on Thursday, March 22nd. The shares were sold at an average price of $27.02, for a total transaction of $500,977.82. The disclosure for this sale can be found here. Insiders sold a total of 3,384,381 shares of company stock worth $76,344,550 in the last 90 days. Corporate insiders own 56.90% of the company’s stock.

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About Rapid7

Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.

Insider Buying and Selling by Quarter for Rapid7 (NASDAQ:RPD)

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