Rapid7, Inc. (NASDAQ:RPD) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its holdings in shares of Rapid7, Inc. (NASDAQ:RPDFree Report) by 1.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,915 shares of the technology company’s stock after buying an additional 609 shares during the quarter. Principal Financial Group Inc. owned 0.09% of Rapid7 worth $1,456,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Rapid7 by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 8,618,480 shares of the technology company’s stock valued at $346,721,000 after purchasing an additional 60,095 shares in the last quarter. JANA Partners Management LP raised its holdings in shares of Rapid7 by 0.9% in the 4th quarter. JANA Partners Management LP now owns 3,690,129 shares of the technology company’s stock valued at $148,454,000 after purchasing an additional 34,589 shares in the last quarter. Shapiro Capital Management LLC raised its holdings in shares of Rapid7 by 295.9% in the 4th quarter. Shapiro Capital Management LLC now owns 1,290,945 shares of the technology company’s stock valued at $51,935,000 after purchasing an additional 964,899 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Rapid7 by 6.8% in the 4th quarter. First Trust Advisors LP now owns 1,255,731 shares of the technology company’s stock valued at $50,518,000 after purchasing an additional 79,836 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Rapid7 by 17.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 919,434 shares of the technology company’s stock valued at $36,993,000 after buying an additional 133,967 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on RPD shares. Canaccord Genuity Group dropped their target price on shares of Rapid7 from $43.00 to $39.00 and set a “hold” rating on the stock in a research report on Wednesday, May 14th. Morgan Stanley raised their price objective on shares of Rapid7 from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 13th. Robert W. Baird raised their price objective on shares of Rapid7 from $26.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 13th. Scotiabank lowered their price objective on shares of Rapid7 from $38.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Tuesday, May 13th. Finally, Barclays lowered their price objective on shares of Rapid7 from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Rapid7 has a consensus rating of “Hold” and a consensus price target of $33.16.

Check Out Our Latest Stock Report on RPD

Rapid7 Stock Performance

NASDAQ:RPD opened at $22.31 on Friday. The firm has a 50 day simple moving average of $23.50 and a 200-day simple moving average of $28.26. The company has a debt-to-equity ratio of 16.87, a current ratio of 1.24 and a quick ratio of 1.24. The firm has a market cap of $1.43 billion, a PE ratio of 57.21 and a beta of 1.01. Rapid7, Inc. has a 1-year low of $21.61 and a 1-year high of $44.48.

Rapid7 (NASDAQ:RPDGet Free Report) last issued its quarterly earnings results on Monday, May 12th. The technology company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.37 by $0.12. Rapid7 had a net margin of 3.42% and a return on equity of 2,043.18%. The firm had revenue of $210.25 million during the quarter, compared to analyst estimates of $208.25 million. During the same quarter in the prior year, the business posted $0.55 earnings per share. Rapid7’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, equities analysts expect that Rapid7, Inc. will post 0.35 EPS for the current 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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