Fidelis Capital Partners LLC Invests $36,000 in Rapid7, Inc. (NASDAQ:RPD)

Fidelis Capital Partners LLC purchased a new position in shares of Rapid7, Inc. (NASDAQ:RPDFree Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 731 shares of the technology company’s stock, valued at approximately $36,000.

Other institutional investors have also modified their holdings of the company. Lisanti Capital Growth LLC bought a new position in shares of Rapid7 during the fourth quarter worth about $3,522,000. Duality Advisers LP acquired a new stake in Rapid7 in the fourth quarter worth about $235,000. First Trust Advisors LP lifted its holdings in Rapid7 by 49.2% in the fourth quarter. First Trust Advisors LP now owns 3,409,246 shares of the technology company’s stock worth $194,668,000 after purchasing an additional 1,124,429 shares during the period. Principal Financial Group Inc. lifted its holdings in Rapid7 by 453.9% in the first quarter. Principal Financial Group Inc. now owns 38,764 shares of the technology company’s stock worth $1,901,000 after purchasing an additional 31,766 shares during the period. Finally, Great Lakes Advisors LLC acquired a new stake in Rapid7 in the fourth quarter worth about $2,200,000. Institutional investors own 95.66% of the company’s stock.

Rapid7 Trading Down 3.3 %

NASDAQ RPD opened at $39.72 on Wednesday. The firm’s 50 day moving average is $39.18 and its 200-day moving average is $48.24. Rapid7, Inc. has a 12-month low of $35.08 and a 12-month high of $61.88.

Rapid7 (NASDAQ:RPDGet Free Report) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $205.10 million for the quarter, compared to analyst estimates of $204.10 million. Rapid7 had a negative net margin of 15.14% and a negative return on equity of 31.09%. As a group, research analysts predict that Rapid7, Inc. will post 0.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on RPD shares. UBS Group reduced their price objective on shares of Rapid7 from $70.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Citigroup dropped their price objective on Rapid7 from $65.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Truist Financial lowered their target price on Rapid7 from $50.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, May 8th. Robert W. Baird lowered their price objective on Rapid7 from $62.00 to $56.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada lowered their price objective on Rapid7 from $70.00 to $57.00 and set an “outperform” rating for the company in a research report on Wednesday, May 8th. Twelve investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $51.73.

Read Our Latest Research Report on RPD

About Rapid7

(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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