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.
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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