Rapid7, Inc. (NASDAQ:RPD) Given Consensus Recommendation of “Hold” by Analysts

Shares of Rapid7, Inc. (NASDAQ:RPD) have been assigned an average rating of “Hold” from the twenty-one ratings firms that are covering the firm, MarketBeat.com reports. Fifteen research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $41.22.

RPD has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their target price on shares of Rapid7 from $42.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, February 13th. Raymond James cut their target price on shares of Rapid7 from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Barclays cut their target price on shares of Rapid7 from $43.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Jefferies Financial Group cut their target price on shares of Rapid7 from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, DA Davidson upped their target price on shares of Rapid7 from $35.00 to $39.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th.

Insiders Place Their Bets

In other news, CEO Corey E. Thomas sold 100,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $39.38, for a total value of $3,938,000.00. Following the completion of the transaction, the chief executive officer now directly owns 431,469 shares in the company, valued at $16,991,249.22. This trade represents a 18.82 % decrease in their ownership of the stock. 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 insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. CSS LLC IL bought a new position in shares of Rapid7 in the fourth quarter valued at approximately $837,000. Vident Advisory LLC boosted its holdings in shares of Rapid7 by 47.7% in the fourth quarter. Vident Advisory LLC now owns 33,818 shares of the technology company’s stock valued at $1,360,000 after acquiring an additional 10,923 shares in the last quarter. Two Sigma Advisers LP lifted its stake in Rapid7 by 87.7% during the fourth quarter. Two Sigma Advisers LP now owns 10,700 shares of the technology company’s stock valued at $430,000 after purchasing an additional 5,000 shares during the last quarter. Two Sigma Investments LP lifted its stake in Rapid7 by 48.7% during the fourth quarter. Two Sigma Investments LP now owns 142,167 shares of the technology company’s stock valued at $5,719,000 after purchasing an additional 46,567 shares during the last quarter. Finally, Shapiro Capital Management LLC lifted its stake in 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 purchasing an additional 964,899 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.

Rapid7 Price Performance

Shares of RPD stock opened at $33.72 on Thursday. Rapid7 has a 12 month low of $32.94 and a 12 month high of $59.43. The firm has a market capitalization of $2.13 billion, a P/E ratio of 86.46 and a beta of 0.96. The company’s fifty day moving average price is $38.81 and its two-hundred day moving average price is $38.77.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.38). Rapid7 had a negative return on equity of 130.41% and a net margin of 3.46%. On average, sell-side analysts anticipate that Rapid7 will post 0.36 EPS for the current 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.