BidaskClub upgraded shares of Rapid7, Inc. (NASDAQ:RPD) from a hold rating to a buy rating in a report issued on Saturday morning.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Rapid7 from a buy rating to a hold rating in a research report on Wednesday, July 12th. ValuEngine lowered shares of Rapid7 from a hold rating to a sell rating in a research report on Tuesday, August 1st. Northland Securities restated a buy rating and set a $23.00 price objective on shares of Rapid7 in a research report on Friday, July 14th. UBS AG upgraded shares of Rapid7 from a neutral rating to a positive rating and set a $20.00 price objective for the company in a research report on Tuesday, August 8th. Finally, Susquehanna Bancshares Inc upgraded shares of Rapid7 from a neutral rating to a positive rating and set a $20.00 price objective for the company in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $20.19.
Shares of Rapid7 (NASDAQ RPD) opened at 18.09 on Friday. The firm has a 50 day moving average of $17.56 and a 200 day moving average of $17.56. Rapid7 has a one year low of $10.63 and a one year high of $18.67. The stock’s market cap is $779.88 million.
Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Monday, August 7th. The technology company reported ($0.26) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. Rapid7 had a negative net margin of 23.67% and a negative return on equity of 98.26%. The company had revenue of $47.44 million during the quarter, compared to analyst estimates of $46.31 million. During the same quarter last year, the firm posted ($0.22) EPS. The business’s revenue for the quarter was up 27.3% on a year-over-year basis. On average, equities research analysts predict that Rapid7 will post ($0.62) EPS for the current fiscal year.
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In other Rapid7 news, Chairman Alan Matthews sold 52,770 shares of the firm’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $17.22, for a total value of $908,699.40. Following the completion of the transaction, the chairman now directly owns 3,152,177 shares in the company, valued at $54,280,487.94. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Lee David Weiner sold 21,000 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $16.64, for a total transaction of $349,440.00. Following the completion of the transaction, the insider now owns 77,212 shares of the company’s stock, valued at $1,284,807.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 93,770 shares of company stock valued at $1,601,139. Corporate insiders own 56.90% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. US Bancorp DE boosted its holdings in shares of Rapid7 by 594.0% in the first quarter. US Bancorp DE now owns 10,965 shares of the technology company’s stock worth $165,000 after buying an additional 9,385 shares during the period. Citigroup Inc. boosted its holdings in shares of Rapid7 by 1,398.9% in the second quarter. Citigroup Inc. now owns 9,788 shares of the technology company’s stock worth $165,000 after buying an additional 9,135 shares during the period. BT Investment Management Ltd acquired a new position in shares of Rapid7 in the second quarter worth about $169,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Rapid7 by 25.8% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,352 shares of the technology company’s stock worth $173,000 after buying an additional 2,124 shares during the period. Finally, American International Group Inc. boosted its holdings in shares of Rapid7 by 7.1% in the first quarter. American International Group Inc. now owns 12,257 shares of the technology company’s stock worth $184,000 after buying an additional 815 shares during the period. Institutional investors own 71.01% of the company’s stock.
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.
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