Diversified Trust Co Buys 716 Shares of Rapid7, Inc. (NASDAQ:RPD)

Diversified Trust Co grew its stake in shares of Rapid7, Inc. (NASDAQ:RPD) by 3.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,826 shares of the technology company’s stock after acquiring an additional 716 shares during the period. Diversified Trust Co’s holdings in Rapid7 were worth $791,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of RPD. Virtu Financial LLC bought a new stake in shares of Rapid7 during the fourth quarter valued at approximately $277,000. Los Angeles Capital Management LLC increased its holdings in Rapid7 by 60.9% during the first quarter. Los Angeles Capital Management LLC now owns 42,293 shares of the technology company’s stock valued at $2,074,000 after buying an additional 16,001 shares during the period. Mather Group LLC. purchased a new position in Rapid7 during the first quarter valued at approximately $42,000. Heritage Investors Management Corp increased its holdings in Rapid7 by 6.1% during the first quarter. Heritage Investors Management Corp now owns 116,722 shares of the technology company’s stock valued at $5,724,000 after buying an additional 6,745 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in Rapid7 by 453.9% during the first quarter. Principal Financial Group Inc. now owns 38,764 shares of the technology company’s stock valued at $1,901,000 after buying an additional 31,766 shares during the period. Institutional investors own 95.66% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on RPD. KeyCorp raised shares of Rapid7 to a “hold” rating in a report on Monday, June 17th. Canaccord Genuity Group raised shares of Rapid7 from a “hold” rating to a “buy” rating and cut their price objective for the company from $52.00 to $43.00 in a report on Wednesday, August 7th. UBS Group cut their price objective on shares of Rapid7 from $65.00 to $59.00 and set a “buy” rating on the stock in a report on Wednesday, August 7th. Robert W. Baird lowered shares of Rapid7 from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $56.00 to $45.00 in a report on Thursday, August 1st. Finally, Canaccord Genuity Group raised shares of Rapid7 from a “hold” rating to a “buy” rating and cut their price target for the stock from $52.00 to $43.00 in a report on Wednesday, August 7th. Fourteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $46.13.

Insider Activity at Rapid7

In related news, Director Reeny Sondhi sold 3,663 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $40.00, for a total transaction of $146,520.00. Following the completion of the transaction, the director now directly owns 17,460 shares in the company, valued at $698,400. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.60% of the stock is currently owned by insiders.

Rapid7 Price Performance

Shares of RPD opened at $40.27 on Thursday. The firm has a market capitalization of $2.53 billion, a PE ratio of -19.64 and a beta of 0.97. Rapid7, Inc. has a 1-year low of $32.94 and a 1-year high of $61.88. The company’s fifty day moving average price is $36.54 and its 200-day moving average price is $39.86.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.06. The firm had revenue of $207.99 million for the quarter, compared to analyst estimates of $204.04 million. Rapid7 had a negative net margin of 5.64% and a negative return on equity of 67.88%. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.33) earnings per share. As a group, research analysts anticipate that Rapid7, Inc. will post 0.8 EPS for the current fiscal year.

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.