Rapid7, Inc. (NASDAQ:RPD) Shares Sold by Y.D. More Investments Ltd

Y.D. More Investments Ltd lowered its holdings in shares of Rapid7, Inc. (NASDAQ:RPD) by 42.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,891 shares of the technology company’s stock after selling 3,647 shares during the period. Y.D. More Investments Ltd’s holdings in Rapid7 were worth $278,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in shares of Rapid7 by 3,367.9% in the 4th quarter. International Assets Investment Management LLC now owns 971 shares of the technology company’s stock worth $55,000 after acquiring an additional 943 shares during the period. Financial Connections Group Inc. acquired a new stake in shares of Rapid7 in the fourth quarter valued at about $95,000. Strs Ohio lifted its stake in shares of Rapid7 by 100.0% in the third quarter. Strs Ohio now owns 2,600 shares of the technology company’s stock valued at $119,000 after purchasing an additional 1,300 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Rapid7 by 13.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,917 shares of the technology company’s stock valued at $134,000 after purchasing an additional 336 shares during the period. Finally, Headlands Technologies LLC purchased a new position in Rapid7 during the 3rd quarter valued at about $162,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Trading Up 0.2 %

NASDAQ RPD opened at $44.88 on Thursday. The company’s fifty day simple moving average is $50.22 and its 200-day simple moving average is $52.95. Rapid7, Inc. has a 52 week low of $39.49 and a 52 week high of $61.88. The stock has a market cap of $2.79 billion, a P/E ratio of -17.88 and a beta of 1.01.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Wednesday, February 7th. The technology company reported $0.40 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.27. Rapid7 had a negative net margin of 19.19% and a negative return on equity of 1.36%. The business had revenue of $205.27 million for the quarter, compared to analysts’ expectations of $201.52 million. On average, research analysts expect that Rapid7, Inc. will post 0.86 EPS for the current fiscal year.

Insider Transactions at Rapid7

In related news, COO Andrew F. Burton sold 31,727 shares of Rapid7 stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $53.07, for a total value of $1,683,751.89. Following the completion of the sale, the chief operating officer now owns 257,494 shares in the company, valued at $13,665,206.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, COO Andrew F. Burton sold 31,727 shares of Rapid7 stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $53.07, for a total value of $1,683,751.89. Following the completion of the sale, the chief operating officer now owns 257,494 shares in the company, valued at $13,665,206.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Andrew F. Burton sold 20,653 shares of Rapid7 stock in a transaction on Monday, April 8th. The stock was sold at an average price of $48.73, for a total transaction of $1,006,420.69. Following the completion of the sale, the chief operating officer now owns 236,841 shares of the company’s stock, valued at approximately $11,541,261.93. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Rapid7 from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, February 8th. StockNews.com downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Barclays raised their target price on shares of Rapid7 from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. Citigroup raised shares of Rapid7 from a “neutral” rating to a “buy” rating and raised their target price for the stock from $54.00 to $65.00 in a research report on Tuesday, January 9th. Finally, Scotiabank initiated coverage on shares of Rapid7 in a research report on Friday, April 26th. They issued a “sector perform” rating and a $46.00 target price on the stock. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $55.56.

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.