Great West Life Assurance Co. Can Has $1.51 Million Position in Rapid7 Inc (NASDAQ:RPD)

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Great West Life Assurance Co. Can decreased its holdings in Rapid7 Inc (NASDAQ:RPD) by 25.4% during the 1st quarter, Holdings Channel reports. The firm owned 29,849 shares of the technology company’s stock after selling 10,159 shares during the period. Great West Life Assurance Co. Can’s holdings in Rapid7 were worth $1,507,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Rapid7 by 18.1% during the third quarter. JPMorgan Chase & Co. now owns 166,666 shares of the technology company’s stock worth $6,153,000 after purchasing an additional 25,576 shares during the period. Teachers Advisors LLC boosted its holdings in shares of Rapid7 by 12.2% during the third quarter. Teachers Advisors LLC now owns 70,416 shares of the technology company’s stock worth $2,600,000 after acquiring an additional 7,684 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Rapid7 by 3.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 15,912 shares of the technology company’s stock valued at $496,000 after buying an additional 581 shares in the last quarter. Rhumbline Advisers raised its position in shares of Rapid7 by 52.1% in the fourth quarter. Rhumbline Advisers now owns 49,245 shares of the technology company’s stock valued at $1,534,000 after buying an additional 16,867 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Rapid7 in the fourth quarter valued at approximately $665,000. 88.93% of the stock is currently owned by institutional investors.

Shares of NASDAQ:RPD traded down $0.24 during trading on Wednesday, hitting $51.54. 4,219 shares of the company were exchanged, compared to its average volume of 648,760. The company has a market capitalization of $2.49 billion, a PE ratio of -50.90 and a beta of 1.17. The company has a debt-to-equity ratio of 2.18, a quick ratio of 1.49 and a current ratio of 1.49. Rapid7 Inc has a 1-year low of $26.27 and a 1-year high of $57.00.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.22) by $0.24. The company had revenue of $73.20 million during the quarter, compared to the consensus estimate of $69.86 million. Rapid7 had a negative net margin of 19.35% and a negative return on equity of 46.34%. The company’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.19) earnings per share. On average, equities analysts forecast that Rapid7 Inc will post -0.61 EPS for the current fiscal year.

A number of research firms have recently weighed in on RPD. Barclays lifted their price target on shares of Rapid7 from $48.00 to $61.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. Morgan Stanley set a $53.00 price target on shares of Rapid7 and gave the company a “hold” rating in a research report on Friday, May 3rd. Macquarie upgraded shares of Rapid7 from a “neutral” rating to an “outperform” rating in a research report on Monday, March 11th. BTIG Research lifted their price target on shares of Rapid7 to $62.00 and gave the company a “positive” rating in a research report on Friday, May 3rd. Finally, Zacks Investment Research upgraded shares of Rapid7 from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Thursday, April 11th. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $55.19.

In related news, COO Andrew F. Burton sold 22,500 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $51.71, for a total value of $1,163,475.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Thomas E. Schodorf sold 600 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $51.00, for a total transaction of $30,600.00. The disclosure for this sale can be found here. Insiders have sold 130,737 shares of company stock valued at $6,735,792 over the last quarter. Company insiders own 4.90% of the company’s stock.

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About Rapid7

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enable customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.

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Institutional Ownership by Quarter for Rapid7 (NASDAQ:RPD)

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