Rapid7, Inc. (RPD) Chairman Alan Matthews Sells 52,770 Shares

Rapid7, Inc. (NASDAQ:RPD) Chairman Alan Matthews sold 52,770 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $17.22, for a total transaction of $908,699.40. Following the completion of the transaction, the chairman now directly owns 3,152,177 shares of the company’s stock, valued at approximately $54,280,487.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Rapid7, Inc. (RPD) traded down 6.13% during mid-day trading on Friday, hitting $16.69. 1,020,670 shares of the stock were exchanged. The company has a 50 day moving average price of $17.31 and a 200 day moving average price of $16.23. The firm’s market cap is $719.52 million. Rapid7, Inc. has a 52-week low of $10.63 and a 52-week high of $18.30.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Monday, August 7th. The technology company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.04. The business had revenue of $47.44 million during the quarter, compared to the consensus estimate of $46.31 million. Rapid7 had a negative net margin of 23.67% and a negative return on equity of 98.26%. The company’s revenue was up 27.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.22) EPS. On average, analysts anticipate that Rapid7, Inc. will post ($0.62) EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the stock. Swiss National Bank raised its position in Rapid7 by 21.5% in the 1st quarter. Swiss National Bank now owns 24,300 shares of the technology company’s stock valued at $364,000 after purchasing an additional 4,300 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Rapid7 in the 2nd quarter valued at $4,925,000. Geode Capital Management LLC raised its position in Rapid7 by 6.9% in the 1st quarter. Geode Capital Management LLC now owns 150,390 shares of the technology company’s stock valued at $2,252,000 after purchasing an additional 9,667 shares during the last quarter. TFS Capital LLC purchased a new stake in Rapid7 in the 1st quarter valued at $169,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Rapid7 in the 1st quarter valued at $861,000. Hedge funds and other institutional investors own 71.01% of the company’s stock.

A number of research firms have issued reports on RPD. BidaskClub cut shares of Rapid7 from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 9th. Susquehanna Bancshares Inc raised shares of Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 price target for the company in a report on Tuesday, August 8th. Northland Securities reaffirmed a “buy” rating and issued a $23.00 price target on shares of Rapid7 in a report on Friday, July 14th. Zacks Investment Research cut shares of Rapid7 from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Finally, UBS AG raised shares of Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 price target for the company in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.50.

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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