Piper Jaffray Companies initiated coverage on shares of Rapid7 (NASDAQ:RPD) in a report issued on Monday, The Fly reports. The firm issued an overweight rating and a $67.00 price objective on the technology company’s stock.
A number of other analysts have also recently commented on the company. BidaskClub raised Rapid7 from a hold rating to a buy rating in a research report on Saturday, November 16th. SunTrust Banks assumed coverage on Rapid7 in a report on Wednesday, October 2nd. They issued a buy rating and a $66.00 price objective on the stock. Robert W. Baird restated a buy rating and issued a $72.00 price objective on shares of Rapid7 in a research note on Tuesday, November 5th. ValuEngine downgraded Rapid7 from a buy rating to a hold rating in a report on Friday, September 27th. Finally, Needham & Company LLC reiterated a buy rating and issued a $72.00 target price on shares of Rapid7 in a research report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Rapid7 has a consensus rating of Buy and an average price target of $63.61.
NASDAQ RPD opened at $53.06 on Monday. Rapid7 has a 12-month low of $27.79 and a 12-month high of $66.01. The company has a fifty day simple moving average of $52.21 and a two-hundred day simple moving average of $53.85. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 2.97. The stock has a market cap of $2.67 billion, a P/E ratio of -52.53 and a beta of 1.24.
Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.20. Rapid7 had a negative net margin of 17.27% and a negative return on equity of 40.74%. The firm had revenue of $83.20 million for the quarter, compared to analyst estimates of $80.11 million. During the same period in the previous year, the company earned ($0.04) earnings per share. The business’s quarterly revenue was up 33.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Rapid7 will post -0.67 earnings per share for the current year.
In other Rapid7 news, insider Christina Luconi sold 8,088 shares of Rapid7 stock in a transaction on Monday, November 18th. The shares were sold at an average price of $55.34, for a total value of $447,589.92. Following the completion of the transaction, the insider now owns 140,685 shares of the company’s stock, valued at $7,785,507.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andrew F. Burton sold 49,438 shares of Rapid7 stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $51.61, for a total transaction of $2,551,495.18. Over the last quarter, insiders sold 127,907 shares of company stock valued at $6,808,697. Company insiders own 4.90% of the company’s stock.
Large investors have recently bought and sold shares of the company. Signaturefd LLC purchased a new position in Rapid7 during the second quarter worth approximately $46,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Rapid7 by 26.4% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the technology company’s stock valued at $61,000 after buying an additional 217 shares in the last quarter. Point72 Hong Kong Ltd lifted its position in shares of Rapid7 by 412.6% during the 2nd quarter. Point72 Hong Kong Ltd now owns 2,148 shares of the technology company’s stock valued at $124,000 after buying an additional 1,729 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Rapid7 by 1,438.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,970 shares of the technology company’s stock valued at $135,000 after acquiring an additional 2,777 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Rapid7 by 30.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,364 shares of the technology company’s stock valued at $137,000 after acquiring an additional 554 shares during the period. Hedge funds and other institutional investors own 90.47% of the company’s stock.
Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enable customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.
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