Versor Investments LP Purchases Shares of 6,600 Rapid7, Inc. (NASDAQ:RPD)

Versor Investments LP purchased a new position in shares of Rapid7, Inc. (NASDAQ:RPD) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,600 shares of the technology company’s stock, valued at approximately $266,000.

A number of other large investors also recently modified their holdings of RPD. International Assets Investment Management LLC increased its position in Rapid7 by 3,888.2% during the 3rd quarter. International Assets Investment Management LLC now owns 678 shares of the technology company’s stock worth $27,000 after purchasing an additional 661 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of Rapid7 by 30.4% in the fourth quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company’s stock worth $60,000 after acquiring an additional 347 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Rapid7 in the third quarter worth $69,000. KBC Group NV raised its stake in shares of Rapid7 by 47.7% in the 4th quarter. KBC Group NV now owns 2,686 shares of the technology company’s stock valued at $108,000 after acquiring an additional 867 shares during the period. Finally, FORA Capital LLC acquired a new position in shares of Rapid7 during the 3rd quarter valued at $209,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Rapid7

In related news, CEO Corey E. Thomas sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $39.38, for a total value of $3,938,000.00. Following the sale, the chief executive officer now owns 431,469 shares of the company’s stock, valued at approximately $16,991,249.22. This trade represents a 18.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Rapid7 Stock Down 2.5 %

NASDAQ:RPD opened at $28.35 on Tuesday. The company has a market cap of $1.79 billion, a PE ratio of 72.69 and a beta of 0.96. The business’s 50 day moving average is $37.55 and its two-hundred day moving average is $38.56. Rapid7, Inc. has a 52 week low of $27.95 and a 52 week high of $59.43.

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

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on RPD shares. Citigroup lowered their price target on Rapid7 from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, February 13th. StockNews.com upgraded Rapid7 from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Piper Sandler 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 Thursday, November 7th. Raymond James lowered their price objective on shares of Rapid7 from $55.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Rapid7 in a research report on Thursday, February 13th. Fifteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $41.22.

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.