Insider Selling: Rapid7 (NASDAQ:RPD) CAO Sells 1,370 Shares of Stock

Rapid7, Inc. (NASDAQ:RPD) CAO Scott Murphy sold 1,370 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $20.25, for a total transaction of $27,742.50. Following the completion of the transaction, the chief accounting officer owned 27,592 shares in the company, valued at $558,738. This trade represents a 4.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Rapid7 Trading Down 0.1%

Shares of NASDAQ:RPD traded down $0.03 during mid-day trading on Tuesday, hitting $20.14. The company had a trading volume of 1,044,749 shares, compared to its average volume of 871,549. The firm has a fifty day moving average price of $22.20 and a 200 day moving average price of $24.91. The company has a market capitalization of $1.30 billion, a PE ratio of 49.12 and a beta of 0.96. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.36 and a quick ratio of 1.36. Rapid7, Inc. has a one year low of $17.83 and a one year high of $44.48.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Thursday, August 7th. The technology company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.14. The business had revenue of $214.19 million during the quarter, compared to analyst estimates of $212.17 million. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. Rapid7’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 EPS. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. As a group, research analysts forecast that Rapid7, Inc. will post 0.35 EPS for the current year.

Institutional Investors Weigh In On Rapid7

Several institutional investors have recently added to or reduced their stakes in RPD. New York State Teachers Retirement System purchased a new stake in Rapid7 during the first quarter valued at about $29,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in Rapid7 during the first quarter valued at about $38,000. Versant Capital Management Inc lifted its holdings in Rapid7 by 5,311.1% during the first quarter. Versant Capital Management Inc now owns 1,461 shares of the technology company’s stock valued at $39,000 after purchasing an additional 1,434 shares during the last quarter. Headlands Technologies LLC purchased a new stake in Rapid7 during the second quarter valued at about $44,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Rapid7 during the first quarter valued at about $74,000. 95.66% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on RPD. Royal Bank Of Canada reduced their target price on shares of Rapid7 from $27.00 to $23.00 and set a “sector perform” rating for the company in a research note on Friday, August 8th. Mizuho reduced their target price on shares of Rapid7 from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Friday, August 8th. Robert W. Baird upped their target price on shares of Rapid7 from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 13th. Citigroup reduced their target price on shares of Rapid7 from $35.00 to $30.00 and set a “buy” rating for the company in a research note on Monday, August 18th. Finally, UBS Group reduced their target price on shares of Rapid7 from $39.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $26.89.

About Rapid7

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.