Rapid7 Inc (RPD) Chairman Alan Matthews Sells 20,000 Shares

Rapid7 Inc (NASDAQ:RPD) Chairman Alan Matthews sold 20,000 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $22.06, for a total value of $441,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Friday, January 5th, Alan Matthews sold 20,000 shares of Rapid7 stock. The stock was sold at an average price of $20.00, for a total value of $400,000.00.
  • 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 value of $400,000.00.

Rapid7 Inc (NASDAQ RPD) traded up $0.21 during mid-day trading on Friday, reaching $21.93. The company’s stock had a trading volume of 116,816 shares, compared to its average volume of 186,367. The company has a market capitalization of $953.10, a price-to-earnings ratio of -22.15 and a beta of 0.68. Rapid7 Inc has a 52-week low of $12.20 and a 52-week high of $22.58.

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

RPD has been the topic of several recent research reports. Zacks Investment Research lowered Rapid7 from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. KeyCorp restated a “buy” rating and issued a $25.00 price target on shares of Rapid7 in a research report on Friday, October 6th. BidaskClub upgraded Rapid7 from a “hold” rating to a “buy” rating in a research report on Saturday, October 7th. Needham & Company LLC initiated coverage on Rapid7 in a research report on Monday, October 23rd. They issued a “buy” rating and a $23.00 price target on the stock. Finally, Royal Bank of Canada raised their price target on Rapid7 from $22.00 to $25.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 8th. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Rapid7 currently has a consensus rating of “Buy” and an average price target of $21.32.

A number of hedge funds have recently bought and sold shares of the business. Schwab Charles Investment Management Inc. lifted its holdings 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 worth $1,139,000 after acquiring an additional 399 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Rapid7 by 3.6% during the second quarter. The Manufacturers Life Insurance Company now owns 18,004 shares of the technology company’s stock worth $303,000 after acquiring an additional 625 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in Rapid7 by 25.8% during the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,352 shares of the technology company’s stock worth $173,000 after acquiring an additional 2,124 shares in the last quarter. Rhumbline Advisers lifted its holdings in Rapid7 by 12.8% during the second quarter. Rhumbline Advisers now owns 23,331 shares of the technology company’s stock worth $393,000 after acquiring an additional 2,640 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Rapid7 by 23.3% during the second quarter. Goldman Sachs Group Inc. now owns 17,955 shares of the technology company’s stock worth $302,000 after acquiring an additional 3,398 shares in the last quarter. Hedge funds and other institutional investors own 70.71% of the company’s stock.

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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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