Rapid7, Inc. (NASDAQ:RPD) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in Rapid7, Inc. (NASDAQ:RPD) by 2.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,041,011 shares of the technology company’s stock after purchasing an additional 148,440 shares during the period. Vanguard Group Inc. owned about 11.46% of Rapid7 worth $322,337,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC boosted its position in Rapid7 by 9.1% in the 1st quarter. HighTower Advisors LLC now owns 2,354 shares of the technology company’s stock valued at $261,000 after buying an additional 196 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in Rapid7 by 1.8% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,829 shares of the technology company’s stock valued at $538,000 after buying an additional 213 shares during the period. Ameritas Investment Partners Inc. boosted its position in Rapid7 by 4.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,958 shares of the technology company’s stock valued at $224,000 after buying an additional 232 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Rapid7 by 2.0% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 13,992 shares of the technology company’s stock valued at $642,000 after buying an additional 271 shares during the period. Finally, Arizona State Retirement System boosted its position in Rapid7 by 1.9% in the 3rd quarter. Arizona State Retirement System now owns 17,184 shares of the technology company’s stock valued at $787,000 after buying an additional 320 shares during the period. Institutional investors and hedge funds own 95.66% of the company’s stock.

Insider Buying and Selling at Rapid7

In other Rapid7 news, COO Andrew F. Burton sold 31,727 shares of Rapid7 stock in a transaction 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 transaction, the chief operating officer now directly owns 257,494 shares in the company, valued at $13,665,206.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Andrew F. Burton sold 31,727 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $53.07, for a total transaction of $1,683,751.89. Following the transaction, the chief operating officer now directly owns 257,494 shares in the company, valued at $13,665,206.58. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Andrew F. Burton sold 17,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $53.68, for a total transaction of $912,560.00. Following the transaction, the chief operating officer now owns 224,038 shares in the company, valued at $12,026,359.84. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

Rapid7 Price Performance

Shares of NASDAQ:RPD opened at $48.71 on Thursday. The company’s fifty day moving average price is $55.35 and its 200 day moving average price is $52.98. Rapid7, Inc. has a 12 month low of $39.49 and a 12 month high of $61.88. The firm has a market capitalization of $3.02 billion, a P/E ratio of -19.41 and a beta of 1.03.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.27. The company had revenue of $205.27 million for the quarter, compared to analyst estimates of $201.52 million. Rapid7 had a negative net margin of 19.19% and a negative return on equity of 1.36%. On average, sell-side analysts anticipate that Rapid7, Inc. will post 0.86 EPS for the current year.

Analyst Upgrades and Downgrades

RPD has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and issued a $70.00 price target on shares of Rapid7 in a research report on Thursday, February 8th. UBS Group raised shares of Rapid7 from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $53.00 to $70.00 in a research report on Monday, January 29th. Citigroup raised shares of Rapid7 from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $54.00 to $65.00 in a research report on Tuesday, January 9th. Barclays lifted their price objective on shares of Rapid7 from $58.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. Finally, StockNews.com cut shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $56.20.

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.