GSA Capital Partners LLP Has $998,000 Stock Position in Rapid7, Inc. (NASDAQ:RPD)

GSA Capital Partners LLP lessened its holdings in shares of Rapid7, Inc. (NASDAQ:RPD) by 51.8% during the third quarter, Holdings Channel.com reports. The firm owned 25,022 shares of the technology company’s stock after selling 26,838 shares during the quarter. GSA Capital Partners LLP’s holdings in Rapid7 were worth $998,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC lifted its holdings in Rapid7 by 3,888.2% during the 3rd quarter. International Assets Investment Management LLC now owns 678 shares of the technology company’s stock worth $27,000 after buying an additional 661 shares during the period. Quest Partners LLC acquired a new position in shares of Rapid7 in the second quarter worth approximately $35,000. Summit Securities Group LLC acquired a new position in shares of Rapid7 in the second quarter worth approximately $43,000. Financial Connections Group Inc. acquired a new stake in Rapid7 during the 2nd quarter valued at approximately $72,000. Finally, Point72 Hong Kong Ltd increased its position in Rapid7 by 315.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,075 shares of the technology company’s stock valued at $90,000 after purchasing an additional 1,575 shares during the period. Institutional investors own 95.66% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on RPD. StockNews.com raised shares of Rapid7 from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. Piper Sandler decreased their price target on Rapid7 from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Canaccord Genuity Group raised Rapid7 from a “hold” rating to a “buy” rating and dropped their price objective for the company from $52.00 to $43.00 in a research note on Wednesday, August 7th. Royal Bank of Canada cut Rapid7 from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $50.00 to $40.00 in a research note on Friday, September 20th. Finally, Canaccord Genuity Group raised Rapid7 from a “hold” rating to a “buy” rating and dropped their price target for the company from $52.00 to $43.00 in a research note on Wednesday, August 7th. Fourteen analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $44.59.

Rapid7 Price Performance

RPD opened at $39.98 on Friday. Rapid7, Inc. has a fifty-two week low of $32.94 and a fifty-two week high of $61.88. The firm has a market capitalization of $2.53 billion, a PE ratio of 63.46 and a beta of 0.96. The company’s 50-day moving average is $38.49 and its 200 day moving average is $38.59.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Wednesday, November 6th. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.52 by $0.14. The firm had revenue of $214.65 million during the quarter, compared to the consensus estimate of $210.04 million. Rapid7 had a negative return on equity of 128.95% and a net margin of 5.65%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 earnings per share. As a group, analysts expect that Rapid7, Inc. will post 0.98 EPS for the current year.

Insider Buying and Selling at Rapid7

In other Rapid7 news, Director Reeny Sondhi sold 3,663 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $40.00, for a total value of $146,520.00. Following the completion of the sale, the director now owns 17,460 shares in the company, valued at approximately $698,400. This trade represents a 17.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.60% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.