Rapid7 Inc (NASDAQ:RPD) Chairman Sells $400,000.00 in Stock

Rapid7 Inc (NASDAQ:RPD) Chairman Alan Matthews sold 20,000 shares of Rapid7 stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Alan Matthews also recently made the following trade(s):

  • On Thursday, November 9th, Alan Matthews sold 20,000 shares of Rapid7 stock. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00.

Shares of Rapid7 Inc (NASDAQ RPD) opened at $21.67 on Wednesday. The stock has a market cap of $978.55, a P/E ratio of -21.89 and a beta of 0.68. Rapid7 Inc has a 12 month low of $12.20 and a 12 month high of $22.58.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. The business had revenue of $50.50 million during the quarter, compared to analyst estimates of $49.87 million. Rapid7 had a negative net margin of 22.44% and a negative return on equity of 115.79%. The business’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.13) earnings per share. analysts expect that Rapid7 Inc will post -1.05 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its stake in Rapid7 by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 67,670 shares of the technology company’s stock valued at $1,139,000 after purchasing an additional 399 shares during the last quarter. Rhumbline Advisers increased its stake in Rapid7 by 12.8% during the second quarter. Rhumbline Advisers now owns 23,331 shares of the technology company’s stock valued at $393,000 after purchasing an additional 2,640 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Rapid7 by 13.7% during the second quarter. Bank of New York Mellon Corp now owns 85,583 shares of the technology company’s stock valued at $1,441,000 after purchasing an additional 10,345 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Rapid7 by 19.4% during the second quarter. JPMorgan Chase & Co. now owns 46,759 shares of the technology company’s stock valued at $787,000 after purchasing an additional 7,588 shares during the last quarter. Finally, Alliancebernstein L.P. increased its stake in Rapid7 by 39.9% during the second quarter. Alliancebernstein L.P. now owns 30,500 shares of the technology company’s stock valued at $513,000 after purchasing an additional 8,700 shares during the last quarter. Institutional investors and hedge funds own 70.71% of the company’s stock.

Several equities research analysts recently issued reports on the stock. BidaskClub raised shares of Rapid7 from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Needham & Company LLC assumed coverage on shares of Rapid7 in a research report on Monday, October 23rd. They issued a “buy” rating and a $23.00 target price on the stock. Zacks Investment Research raised shares of Rapid7 from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Saturday. ValuEngine raised shares of Rapid7 from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $23.00 price target on shares of Rapid7 in a research report on Thursday, December 14th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Rapid7 currently has a consensus rating of “Buy” and an average price target of $21.32.

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Rapid7 Company Profile

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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