Rapid7, Inc. (NASDAQ:RPD) Receives Average Rating of “Hold” from Brokerages

Rapid7, Inc. (NASDAQ:RPD) has been assigned an average recommendation of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $56.20.

A number of analysts have issued reports on RPD shares. StockNews.com lowered Rapid7 from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Citigroup raised Rapid7 from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $54.00 to $65.00 in a research note on Tuesday, January 9th. UBS Group raised Rapid7 from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $53.00 to $70.00 in a research note on Monday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price objective on shares of Rapid7 in a research note on Thursday, February 8th. Finally, Barclays lifted their price objective on Rapid7 from $58.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th.

Insiders Place Their Bets

In other news, COO Andrew F. Burton sold 31,727 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $53.07, for a total value of $1,683,751.89. Following the completion of the sale, the chief operating officer now directly owns 257,494 shares in the company, valued at approximately $13,665,206.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Andrew F. Burton sold 20,653 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $48.73, for a total value of $1,006,420.69. Following the completion of the sale, the chief operating officer now directly owns 236,841 shares in the company, valued at approximately $11,541,261.93. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Andrew F. Burton sold 31,727 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $53.07, for a total value of $1,683,751.89. Following the completion of the sale, the chief operating officer now owns 257,494 shares of the company’s stock, valued at $13,665,206.58. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new position in Rapid7 during the 1st quarter valued at approximately $42,000. International Assets Investment Management LLC boosted its position in Rapid7 by 3,367.9% during the 4th quarter. International Assets Investment Management LLC now owns 971 shares of the technology company’s stock valued at $55,000 after purchasing an additional 943 shares during the period. Captrust Financial Advisors boosted its position in Rapid7 by 117.8% during the 1st quarter. Captrust Financial Advisors now owns 1,479 shares of the technology company’s stock valued at $165,000 after purchasing an additional 800 shares during the period. Quilter Plc acquired a new position in Rapid7 during the 1st quarter valued at approximately $1,489,500,000. Finally, Financial Connections Group Inc. acquired a new position in Rapid7 during the 4th quarter valued at approximately $95,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

Rapid7 Trading Up 0.8 %

Shares of NASDAQ:RPD opened at $44.15 on Friday. The stock’s 50-day moving average price is $52.74 and its two-hundred day moving average price is $53.05. Rapid7 has a 12-month low of $39.49 and a 12-month high of $61.88. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of -17.59 and a beta of 1.01.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.27. Rapid7 had a negative return on equity of 1.36% and a negative net margin of 19.19%. The firm had revenue of $205.27 million for the quarter, compared to analyst estimates of $201.52 million. As a group, research analysts forecast that Rapid7 will post 0.86 earnings per share for the current fiscal year.

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.