Rapid7 (NASDAQ:RPD) Reaches New 12-Month Low – Should You Sell?

Rapid7, Inc. (NASDAQ:RPD)’s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $27.72 and last traded at $27.75, with a volume of 162921 shares. The stock had previously closed at $29.25.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Robert W. Baird reduced their price target on Rapid7 from $43.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Needham & Company LLC reissued a “hold” rating on shares of Rapid7 in a research report on Thursday, February 13th. JPMorgan Chase & Co. reduced their price target on Rapid7 from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. Stifel Nicolaus reduced their price target on Rapid7 from $42.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, February 13th. Finally, Jefferies Financial Group cut their target price on Rapid7 from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Fifteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Rapid7 presently has an average rating of “Hold” and a consensus target price of $41.22.

Rapid7 Trading Down 1.6 %

The company has a market cap of $1.76 billion, a P/E ratio of 70.62 and a beta of 0.92. The business’s fifty day moving average is $36.16 and its 200 day moving average is $38.17.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.38). Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. As a group, research analysts expect that Rapid7, Inc. will post 0.35 EPS for the current fiscal year.

Insider Activity at Rapid7

In other news, CEO Corey E. Thomas sold 100,000 shares of Rapid7 stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $39.38, for a total transaction of $3,938,000.00. Following the completion of the sale, the chief executive officer now directly owns 431,469 shares of the company’s stock, valued at approximately $16,991,249.22. The trade was a 18.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.60% of the stock is owned by company insiders.

Institutional Trading of Rapid7

Hedge funds have recently added to or reduced their stakes in the business. Shapiro Capital Management LLC raised its stake in shares of Rapid7 by 295.9% during the fourth quarter. Shapiro Capital Management LLC now owns 1,290,945 shares of the technology company’s stock valued at $51,935,000 after acquiring an additional 964,899 shares during the last quarter. Estuary Capital Management LP purchased a new position in shares of Rapid7 during the fourth quarter valued at about $20,714,000. Dendur Capital LP purchased a new position in shares of Rapid7 during the fourth quarter valued at about $19,190,000. Raymond James Financial Inc. purchased a new position in shares of Rapid7 during the fourth quarter valued at about $12,050,000. Finally, Marshall Wace LLP increased its position in shares of Rapid7 by 144.2% during the fourth quarter. Marshall Wace LLP now owns 475,695 shares of the technology company’s stock valued at $19,137,000 after buying an additional 280,913 shares during the period. 95.66% of the stock is owned by institutional investors.

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.