US Bancorp DE Lowers Stake in Rapid7, Inc. (NASDAQ:RPD)

US Bancorp DE lowered its position in Rapid7, Inc. (NASDAQ:RPDFree Report) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,061 shares of the technology company’s stock after selling 2,034 shares during the quarter. US Bancorp DE’s holdings in Rapid7 were worth $974,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its stake in shares of Rapid7 by 3,367.9% during the fourth quarter. International Assets Investment Management LLC now owns 971 shares of the technology company’s stock valued at $55,000 after purchasing an additional 943 shares during the period. Financial Connections Group Inc. bought a new stake in Rapid7 in the 4th quarter worth $95,000. Headlands Technologies LLC bought a new stake in Rapid7 in the 3rd quarter worth $162,000. Envestnet Portfolio Solutions Inc. purchased a new position in shares of Rapid7 in the fourth quarter valued at about $204,000. Finally, Cerity Partners LLC bought a new position in shares of Rapid7 during the fourth quarter valued at about $206,000. 95.66% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RPD has been the topic of several recent analyst reports. Canaccord Genuity Group cut their target price on Rapid7 from $60.00 to $52.00 and set a “hold” rating on the stock in a research note on Wednesday, May 8th. Royal Bank of Canada cut their price objective on Rapid7 from $70.00 to $57.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. Mizuho decreased their target price on Rapid7 from $62.00 to $47.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Barclays cut their price target on shares of Rapid7 from $60.00 to $49.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 8th. Finally, Truist Financial decreased their price objective on shares of Rapid7 from $50.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $51.73.

Get Our Latest Report on Rapid7

Insiders Place Their Bets

In related news, COO Andrew F. Burton sold 20,653 shares of the firm’s 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 $11,541,261.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Rapid7 news, COO Andrew F. Burton sold 31,727 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $53.07, for a total value of $1,683,751.89. Following the completion of the transaction, the chief operating officer now 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 through this link. Also, COO Andrew F. Burton sold 20,653 shares of the company’s stock in a transaction dated 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 transaction, the chief operating officer now owns 236,841 shares in the company, valued at approximately $11,541,261.93. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Rapid7 Stock Down 1.6 %

RPD stock opened at $35.57 on Tuesday. The business has a 50 day moving average of $43.47 and a 200 day moving average of $51.30. Rapid7, Inc. has a twelve month low of $35.22 and a twelve month high of $61.88.

Rapid7 (NASDAQ:RPDGet Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $205.10 million during the quarter, compared to the consensus estimate of $204.10 million. Rapid7 had a negative return on equity of 31.09% and a negative net margin of 15.14%. As a group, sell-side analysts expect that Rapid7, Inc. will post 0.74 EPS for the current fiscal year.

Rapid7 Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Rapid7 (NASDAQ:RPD)

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