Rapid7, Inc. (NASDAQ:RPD) CFO Sells $1,635,060.00 in Stock

Rapid7, Inc. (NASDAQ:RPD) CFO Jeffrey Kalowski sold 19,236 shares of the stock in a transaction dated Tuesday, June 8th. The stock was sold at an average price of $85.00, for a total transaction of $1,635,060.00. Following the transaction, the chief financial officer now directly owns 243,549 shares of the company’s stock, valued at $20,701,665. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jeffrey Kalowski also recently made the following trade(s):

  • On Friday, May 28th, Jeffrey Kalowski sold 3,850 shares of Rapid7 stock. The stock was sold at an average price of $85.00, for a total transaction of $327,250.00.

NASDAQ RPD traded up $1.76 during mid-day trading on Thursday, reaching $88.16. 279,343 shares of the stock were exchanged, compared to its average volume of 612,713. Rapid7, Inc. has a 1-year low of $45.33 and a 1-year high of $94.60. The firm’s fifty day simple moving average is $81.26. The firm has a market capitalization of $4.86 billion, a PE ratio of -43.28 and a beta of 1.30. The company has a debt-to-equity ratio of 5.29, a current ratio of 2.14 and a quick ratio of 2.14.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Thursday, May 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. Rapid7 had a negative net margin of 24.34% and a negative return on equity of 177.30%. The firm had revenue of $117.50 million for the quarter, compared to analyst estimates of $114.36 million. During the same quarter last year, the business earned ($0.09) earnings per share. Rapid7’s revenue was up 24.6% compared to the same quarter last year. On average, analysts forecast that Rapid7, Inc. will post -1.59 EPS for the current fiscal year.

Several research firms recently issued reports on RPD. Zacks Investment Research cut shares of Rapid7 from a “hold” rating to a “sell” rating in a report on Thursday, May 20th. Needham & Company LLC upped their target price on shares of Rapid7 from $82.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 10th. Morgan Stanley upped their target price on shares of Rapid7 from $86.00 to $94.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 10th. Royal Bank of Canada upped their target price on shares of Rapid7 from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 10th. Finally, Stifel Nicolaus assumed coverage on shares of Rapid7 in a research report on Wednesday, February 17th. They set a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $98.10.

Large investors have recently bought and sold shares of the business. Millrace Asset Group Inc. raised its stake in Rapid7 by 1.9% during the fourth quarter. Millrace Asset Group Inc. now owns 28,190 shares of the technology company’s stock worth $2,542,000 after purchasing an additional 527 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Rapid7 during the fourth quarter worth approximately $5,500,000. Davy Global Fund Management Ltd raised its stake in Rapid7 by 58.0% during the first quarter. Davy Global Fund Management Ltd now owns 28,870 shares of the technology company’s stock worth $2,154,000 after purchasing an additional 10,603 shares during the period. NN Investment Partners Holdings N.V. purchased a new position in Rapid7 during the first quarter worth approximately $1,231,000. Finally, Hsbc Holdings PLC raised its stake in Rapid7 by 460.5% during the fourth quarter. Hsbc Holdings PLC now owns 18,649 shares of the technology company’s stock worth $1,681,000 after purchasing an additional 15,322 shares during the period. 97.27% of the stock is currently owned by institutional investors.

Rapid7 Company Profile

Rapid7, Inc provides cyber security solutions. The company offers a cloud-native insight platform that enables customers to create and manage analytics-driven cyber security risk management programs. Its platform includes InsightVM, a vulnerability risk management solution that is designed to provide a way to collect vulnerability data, prioritize risk, and automate remediation; InsightIDR, an incident detection and response solution; InsightAppSec, which provides application security testing that analyzes web applications for security vulnerabilities; and InsightConnect, a security orchestration and automation response solution that is used by security professionals.

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