Rapid7 Inc (RPD) COO Andrew F. Burton Sells 22,500 Shares

Rapid7 Inc (NASDAQ:RPD) COO Andrew F. Burton sold 22,500 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $51.71, for a total transaction of $1,163,475.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

RPD stock opened at $51.56 on Wednesday. The stock has a market cap of $2.41 billion, a PE ratio of -51.05 and a beta of 1.20. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.49 and a quick ratio of 1.51. Rapid7 Inc has a 52 week low of $26.27 and a 52 week high of $57.00.

Rapid7 (NASDAQ:RPD) last released its earnings results on Thursday, May 2nd. The technology company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.24. The business had revenue of $73.20 million during the quarter, compared to analysts’ expectations of $69.86 million. Rapid7 had a negative net margin of 19.35% and a negative return on equity of 46.34%. The company’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.19) earnings per share. As a group, equities analysts anticipate that Rapid7 Inc will post -0.61 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in shares of Rapid7 by 7.8% during the first quarter. Geode Capital Management LLC now owns 500,944 shares of the technology company’s stock worth $25,352,000 after purchasing an additional 36,048 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Rapid7 by 4.6% during the first quarter. Charles Schwab Investment Management Inc. now owns 225,335 shares of the technology company’s stock worth $11,405,000 after purchasing an additional 9,808 shares in the last quarter. Fifth Third Bancorp grew its stake in Rapid7 by 1,433.8% during the 1st quarter. Fifth Third Bancorp now owns 8,482 shares of the technology company’s stock valued at $429,000 after acquiring an additional 7,929 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Rapid7 by 18.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 162,780 shares of the technology company’s stock valued at $8,238,000 after acquiring an additional 25,480 shares in the last quarter. Finally, RPg Family Wealth Advisory LLC grew its stake in Rapid7 by 8.3% during the 1st quarter. RPg Family Wealth Advisory LLC now owns 3,790 shares of the technology company’s stock valued at $192,000 after acquiring an additional 290 shares in the last quarter. 85.47% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have weighed in on RPD. Zacks Investment Research downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective (up previously from $42.00) on shares of Rapid7 in a research report on Friday, February 8th. Barclays upped their price objective on shares of Rapid7 from $48.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Morgan Stanley set a $53.00 price objective on shares of Rapid7 and gave the stock a “hold” rating in a research report on Friday, May 3rd. Finally, Macquarie upgraded shares of Rapid7 from a “neutral” rating to an “outperform” rating in a research report on Monday, March 11th. Three investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $54.67.

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Rapid7 Company Profile

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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Insider Buying and Selling by Quarter for Rapid7 (NASDAQ:RPD)

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