Rapid7 (NASDAQ:RPD) Sets New 12-Month Low – Should You Sell?

Rapid7, Inc. (NASDAQ:RPD)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $27.95 and last traded at $28.35, with a volume of 1103847 shares traded. The stock had previously closed at $29.09.

Wall Street Analysts Forecast Growth

RPD has been the subject of several research reports. Raymond James reduced their target price on shares of Rapid7 from $55.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Needham & Company LLC reiterated a “hold” rating on shares of Rapid7 in a research report on Thursday, February 13th. DA Davidson boosted their price objective on Rapid7 from $35.00 to $39.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Stifel Nicolaus cut their target price on Rapid7 from $42.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, February 13th. Finally, UBS Group decreased their price target on shares of Rapid7 from $52.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $41.22.

Rapid7 Trading Down 2.5 %

The stock has a fifty day moving average of $37.55 and a two-hundred day moving average of $38.56. The stock has a market capitalization of $1.79 billion, a price-to-earnings ratio of 72.69 and a beta of 0.96.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.38). Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. Equities analysts expect that Rapid7, Inc. will post 0.35 earnings per share for the current year.

Insider Activity at Rapid7

In related news, CEO Corey E. Thomas sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $39.38, for a total value of $3,938,000.00. Following the transaction, the chief executive officer now owns 431,469 shares in the company, valued at $16,991,249.22. This trade represents a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by company insiders.

Institutional Trading of Rapid7

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its position in shares of Rapid7 by 3,888.2% during the 3rd quarter. International Assets Investment Management LLC now owns 678 shares of the technology company’s stock worth $27,000 after buying an additional 661 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in Rapid7 by 68.8% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 1,116 shares of the technology company’s stock valued at $46,000 after acquiring an additional 455 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Rapid7 by 30.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company’s stock worth $60,000 after acquiring an additional 347 shares during the period. RPg Family Wealth Advisory LLC bought a new stake in shares of Rapid7 during the 3rd quarter valued at $69,000. Finally, Ostrum Asset Management lifted its stake in shares of Rapid7 by 45.3% in the 4th quarter. Ostrum Asset Management now owns 2,478 shares of the technology company’s stock valued at $100,000 after purchasing an additional 772 shares during the period. 95.66% of the stock is owned by institutional investors.

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.