Andrew F. Burton Sells 20,653 Shares of Rapid7, Inc. (NASDAQ:RPD) Stock

Rapid7, Inc. (NASDAQ:RPD) COO Andrew F. Burton sold 20,653 shares of the business’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $48.73, for a total transaction of $1,006,420.69. Following the sale, the chief operating officer now directly owns 236,841 shares of the company’s stock, valued at $11,541,261.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Rapid7 Trading Up 0.5 %

Shares of RPD opened at $50.29 on Friday. Rapid7, Inc. has a 12 month low of $39.49 and a 12 month high of $61.88. The firm has a fifty day simple moving average of $53.93 and a 200 day simple moving average of $53.08. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of -20.04 and a beta of 1.01.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.40 EPS for the quarter, topping the consensus estimate of $0.13 by $0.27. Rapid7 had a negative net margin of 19.19% and a negative return on equity of 1.36%. The business had revenue of $205.27 million during the quarter, compared to analysts’ expectations of $201.52 million. As a group, research analysts predict that Rapid7, Inc. will post 0.86 earnings per share for the current fiscal year.

Analysts Set New Price Targets

RPD has been the subject of a number of recent research reports. StockNews.com downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Barclays upped their target price on shares of Rapid7 from $58.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Citigroup raised shares of Rapid7 from a “neutral” rating to a “buy” rating and upped their target price for the company from $54.00 to $65.00 in a research note on Tuesday, January 9th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 target price on shares of Rapid7 in a research note on Thursday, February 8th. Finally, UBS Group raised shares of Rapid7 from a “neutral” rating to a “buy” rating and upped their target price for the company from $53.00 to $70.00 in a research note on Monday, January 29th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Rapid7 currently has an average rating of “Hold” and a consensus target price of $56.20.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in RPD. HighTower Advisors LLC boosted its holdings in Rapid7 by 9.1% during the first quarter. HighTower Advisors LLC now owns 2,354 shares of the technology company’s stock worth $261,000 after purchasing an additional 196 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Rapid7 by 30.2% in the first quarter. PNC Financial Services Group Inc. now owns 5,529 shares of the technology company’s stock valued at $615,000 after acquiring an additional 1,281 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Rapid7 by 53.8% in the first quarter. MetLife Investment Management LLC now owns 29,914 shares of the technology company’s stock valued at $3,328,000 after acquiring an additional 10,460 shares during the last quarter. Rhumbline Advisers lifted its stake in Rapid7 by 3.8% in the first quarter. Rhumbline Advisers now owns 59,263 shares of the technology company’s stock valued at $6,592,000 after acquiring an additional 2,152 shares during the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in Rapid7 in the first quarter valued at $1,631,000. Institutional investors and hedge funds own 95.66% of the company’s stock.

About Rapid7

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.