Rapid7, Inc. (NASDAQ:RPD) CFO Timothy M. Adams Buys 5,000 Shares

Rapid7, Inc. (NASDAQ:RPDGet Rating) CFO Timothy M. Adams acquired 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 9th. The shares were purchased at an average cost of $65.50 per share, for a total transaction of $327,500.00. Following the acquisition, the chief financial officer now owns 106,540 shares in the company, valued at $6,978,370. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of NASDAQ:RPD opened at $64.15 on Thursday. The company has a market capitalization of $3.74 billion, a price-to-earnings ratio of -22.43 and a beta of 1.38. The business’s 50-day moving average is $102.49 and its 200-day moving average is $108.79. Rapid7, Inc. has a 1 year low of $63.24 and a 1 year high of $145.00.

Rapid7 (NASDAQ:RPDGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The technology company reported ($0.16) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.16). The business had revenue of $157.00 million during the quarter, compared to analyst estimates of $154.15 million. During the same period in the prior year, the firm earned ($0.42) earnings per share. The firm’s revenue for the quarter was up 33.6% compared to the same quarter last year. Research analysts predict that Rapid7, Inc. will post -2.15 EPS for the current fiscal year.

Several equities research analysts recently weighed in on the company. Wolfe Research assumed coverage on Rapid7 in a report on Monday, April 11th. They set an “outperform” rating and a $122.00 price objective on the stock. Royal Bank of Canada raised their price objective on Rapid7 from $130.00 to $140.00 in a report on Thursday, February 10th. William Blair reissued an “outperform” rating on shares of Rapid7 in a report on Thursday, May 5th. The Goldman Sachs Group downgraded Rapid7 from a “buy” rating to a “neutral” rating and set a $130.00 target price on the stock. in a report on Tuesday, April 12th. Finally, Morgan Stanley cut their target price on Rapid7 from $106.00 to $103.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 18th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Rapid7 has an average rating of “Buy” and a consensus target price of $126.50.

A number of institutional investors have recently modified their holdings of RPD. Allspring Global Investments Holdings LLC bought a new stake in Rapid7 in the 4th quarter valued at about $223,943,000. BlackRock Inc. increased its position in Rapid7 by 13.8% in the 4th quarter. BlackRock Inc. now owns 4,690,116 shares of the technology company’s stock valued at $551,978,000 after buying an additional 570,372 shares in the last quarter. Norges Bank bought a new stake in Rapid7 in the 4th quarter valued at about $58,551,000. Alliancebernstein L.P. increased its position in Rapid7 by 20.0% in the 4th quarter. Alliancebernstein L.P. now owns 1,468,694 shares of the technology company’s stock valued at $172,851,000 after buying an additional 244,379 shares in the last quarter. Finally, Eagle Asset Management Inc. bought a new stake in Rapid7 in the 3rd quarter valued at about $26,930,000. 98.03% of the stock is owned by institutional investors and hedge funds.

Rapid7 Company Profile (Get Rating)

Rapid7, Inc provides cyber security solutions. The company offers a cloud-native insight platform that enables customers to create and manage analytics-driven cyber security risk management programs. Its platform includes InsightIDR, an incident detection and response solution; InsightCloudSec, a solution that integrates posture management, workload protection, infrastructure entitlements management, infrastructure-as-code security, and Kubernetes protection; InsightVM, a vulnerability risk management solution that is designed to provide a way to collect vulnerability data, prioritize risk, and automate remediation; InsightAppSec, which provides application security testing that analyzes web applications for security vulnerabilities; and InsightConnect, a security orchestration and automation response solution that is used by security professionals.

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