Mutual of America Capital Management LLC Has $4.56 Million Holdings in Rapid7, Inc. (NASDAQ:RPD)

Mutual of America Capital Management LLC raised its position in shares of Rapid7, Inc. (NASDAQ:RPD) by 5.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 79,799 shares of the technology company’s stock after purchasing an additional 4,316 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Rapid7 were worth $4,557,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RPD. International Assets Investment Management LLC boosted its holdings in shares of Rapid7 by 3,367.9% during the 4th quarter. International Assets Investment Management LLC now owns 971 shares of the technology company’s stock worth $55,000 after buying an additional 943 shares in the last quarter. State of Wyoming boosted its holdings in shares of Rapid7 by 315.1% during the 4th quarter. State of Wyoming now owns 2,117 shares of the technology company’s stock worth $72,000 after buying an additional 1,607 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new position in shares of Rapid7 during the 3rd quarter worth approximately $87,000. Financial Connections Group Inc. bought a new position in shares of Rapid7 during the 4th quarter worth approximately $95,000. Finally, Strs Ohio boosted its holdings in shares of Rapid7 by 100.0% during the 3rd quarter. Strs Ohio now owns 2,600 shares of the technology company’s stock worth $119,000 after buying an additional 1,300 shares in the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Rapid7 from $61.00 to $60.00 and set a “neutral” rating on the stock in a report on Thursday, February 8th. StockNews.com cut Rapid7 from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. UBS Group upgraded Rapid7 from a “neutral” rating to a “buy” rating and increased their target price for the stock from $53.00 to $70.00 in a report on Monday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 target price on shares of Rapid7 in a report on Thursday, February 8th. Finally, Citigroup upgraded Rapid7 from a “neutral” rating to a “buy” rating and increased their target price for the stock from $54.00 to $65.00 in a report on Tuesday, January 9th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $56.20.

Rapid7 Stock Down 4.5 %

Shares of Rapid7 stock opened at $45.75 on Tuesday. Rapid7, Inc. has a 1 year low of $39.49 and a 1 year high of $61.88. The stock has a fifty day moving average price of $53.56 and a 200-day moving average price of $53.19.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Wednesday, February 7th. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $205.27 million during the quarter, compared to analyst estimates of $201.52 million. As a group, equities research analysts expect that Rapid7, Inc. will post 0.86 EPS for the current year.

Insider Activity

In other news, COO Andrew F. Burton sold 31,727 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $53.07, for a total transaction of $1,683,751.89. Following the completion of the sale, the chief operating officer now directly owns 257,494 shares of the company’s stock, valued at approximately $13,665,206.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Rapid7 news, COO Andrew F. Burton sold 20,653 shares of Rapid7 stock in a transaction dated 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andrew F. Burton sold 31,727 shares of Rapid7 stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $53.07, for a total value of $1,683,751.89. Following the transaction, the chief operating officer now directly owns 257,494 shares of the company’s stock, valued at approximately $13,665,206.58. The disclosure for this sale can be found here. Insiders own 2.60% of the company’s stock.

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.