Rapid7, Inc. (NASDAQ:RPD) Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp decreased its position in Rapid7, Inc. (NASDAQ:RPD) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 109,977 shares of the technology company’s stock after selling 7,616 shares during the quarter. Heritage Investors Management Corp owned 0.18% of Rapid7 worth $6,280,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in Rapid7 by 3,367.9% during the fourth quarter. International Assets Investment Management LLC now owns 971 shares of the technology company’s stock worth $55,000 after purchasing an additional 943 shares during the last quarter. Financial Connections Group Inc. acquired a new stake in Rapid7 during the 4th quarter worth $95,000. Strs Ohio lifted its position in Rapid7 by 100.0% in the third quarter. Strs Ohio now owns 2,600 shares of the technology company’s stock valued at $119,000 after acquiring an additional 1,300 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Rapid7 by 13.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,917 shares of the technology company’s stock valued at $134,000 after acquiring an additional 336 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Rapid7 during the third quarter worth about $162,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Citigroup decreased their price target on shares of Rapid7 from $65.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday. UBS Group lowered their price target on Rapid7 from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Wednesday. StockNews.com downgraded Rapid7 from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Scotiabank initiated coverage on Rapid7 in a research report on Friday, April 26th. They set a “sector perform” rating and a $46.00 price objective for the company. Finally, Stifel Nicolaus dropped their target price on Rapid7 from $63.00 to $51.00 and set a “buy” rating on the stock in a report on Wednesday. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $52.13.

Rapid7 Stock Down 0.2 %

Shares of RPD traded down $0.06 on Thursday, hitting $37.94. 2,348,030 shares of the stock traded hands, compared to its average volume of 826,819. Rapid7, Inc. has a 1 year low of $35.22 and a 1 year high of $61.88. The stock’s 50 day moving average is $48.62 and its two-hundred day moving average is $52.60. The firm has a market capitalization of $2.36 billion, a P/E ratio of -15.12 and a beta of 1.01.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.27. Rapid7 had a negative return on equity of 1.36% and a negative net margin of 19.19%. The business had revenue of $205.27 million during the quarter, compared to the consensus estimate of $201.52 million. Research analysts forecast that Rapid7, Inc. will post 0.86 EPS for the current year.

Insider Activity at Rapid7

In related news, COO Andrew F. Burton sold 20,653 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $48.73, for a total value of $1,006,420.69. Following the transaction, the chief operating officer now directly owns 236,841 shares of the company’s stock, valued at approximately $11,541,261.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, COO Andrew F. Burton sold 20,653 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $48.73, for a total transaction of $1,006,420.69. Following the completion of the sale, the chief operating officer now owns 236,841 shares of the company’s stock, valued at approximately $11,541,261.93. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Andrew F. Burton sold 31,727 shares of Rapid7 stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $53.07, for a total transaction of $1,683,751.89. Following the transaction, the chief operating officer now directly owns 257,494 shares in the company, valued at $13,665,206.58. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders.

Rapid7 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.