Insider Selling: Rapid7 Inc (NASDAQ:RPD) Insider Sells 3,087 Shares of Stock

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Rapid7 Inc (NASDAQ:RPD) insider Christina Luconi sold 3,087 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $53.75, for a total value of $165,926.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Rapid7 stock opened at $54.43 on Thursday. The firm has a market capitalization of $2.61 billion, a P/E ratio of -53.89 and a beta of 1.18. Rapid7 Inc has a 1 year low of $26.27 and a 1 year high of $66.01. The business has a 50-day moving average of $59.71 and a 200-day moving average of $52.74. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 2.87.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Thursday, August 1st. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.24) by $0.26. The company had revenue of $78.96 million during the quarter, compared to analyst estimates of $75.14 million. Rapid7 had a negative return on equity of 39.52% and a negative net margin of 17.63%. The company’s revenue for the quarter was up 35.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.13) EPS. Research analysts anticipate that Rapid7 Inc will post -0.62 EPS for the current fiscal year.

A number of brokerages recently commented on RPD. BTIG Research lifted their price objective on Rapid7 to $62.00 and gave the stock a “positive” rating in a research report on Friday, May 3rd. Royal Bank of Canada lifted their price objective on Rapid7 to $70.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Cowen began coverage on Rapid7 in a research report on Thursday, May 23rd. They issued an “outperform” rating and a $63.00 price objective for the company. Monness Crespi & Hardt reiterated a “buy” rating and issued a $72.00 price objective (up from $62.00) on shares of Rapid7 in a research report on Monday, July 29th. Finally, Zacks Investment Research lowered Rapid7 from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Four research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $62.24.

Several institutional investors have recently bought and sold shares of RPD. BlackRock Inc. grew its position in shares of Rapid7 by 26.2% during the 2nd quarter. BlackRock Inc. now owns 3,421,810 shares of the technology company’s stock worth $197,918,000 after buying an additional 710,437 shares during the period. Nuveen Asset Management LLC grew its position in shares of Rapid7 by 772.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 507,731 shares of the technology company’s stock worth $29,367,000 after buying an additional 449,537 shares during the period. Pictet Asset Management Ltd. acquired a new position in shares of Rapid7 during the 1st quarter worth about $21,259,000. Vanguard Group Inc. grew its position in shares of Rapid7 by 10.8% during the 2nd quarter. Vanguard Group Inc. now owns 4,101,944 shares of the technology company’s stock worth $237,256,000 after buying an additional 400,958 shares during the period. Finally, Allianz Asset Management GmbH grew its position in shares of Rapid7 by 52.9% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,044,389 shares of the technology company’s stock worth $60,407,000 after buying an additional 361,259 shares during the period. Institutional investors own 88.88% of the company’s stock.

Rapid7 Company Profile

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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Insider Buying and Selling by Quarter for Rapid7 (NASDAQ:RPD)

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