Rapid7 (NASDAQ:RPD) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Rapid7 (NASDAQ:RPD) from a hold rating to a buy rating in a research note published on Friday.

Several other research firms have also recently weighed in on RPD. Needham & Company LLC restated a “hold” rating on shares of Rapid7 in a report on Thursday, February 13th. JPMorgan Chase & Co. reduced their target price on shares of Rapid7 from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday, February 11th. UBS Group decreased their price target on shares of Rapid7 from $52.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Jefferies Financial Group cut their price target on shares of Rapid7 from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, Stifel Nicolaus decreased their price objective on Rapid7 from $42.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, February 13th. Fifteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.22.

Rapid7 Price Performance

Shares of Rapid7 stock opened at $31.71 on Friday. The company’s 50 day moving average price is $38.49 and its two-hundred day moving average price is $38.71. The firm has a market capitalization of $2.00 billion, a P/E ratio of 81.31 and a beta of 0.96. Rapid7 has a fifty-two week low of $31.52 and a fifty-two week high of $59.43.

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

Insider Transactions at Rapid7

In other news, CEO Corey E. Thomas sold 100,000 shares of the stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $39.38, for a total transaction of $3,938,000.00. Following the transaction, the chief executive officer now owns 431,469 shares of the company’s stock, valued at $16,991,249.22. This represents a 18.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 2.60% of the company’s stock.

Institutional Trading of Rapid7

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CSS LLC IL acquired a new stake in Rapid7 in the fourth quarter valued at approximately $837,000. Vident Advisory LLC lifted its holdings in shares of Rapid7 by 47.7% in the 4th quarter. Vident Advisory LLC now owns 33,818 shares of the technology company’s stock worth $1,360,000 after purchasing an additional 10,923 shares in the last quarter. Two Sigma Advisers LP grew its position in Rapid7 by 87.7% in the 4th quarter. Two Sigma Advisers LP now owns 10,700 shares of the technology company’s stock valued at $430,000 after purchasing an additional 5,000 shares during the period. Two Sigma Investments LP increased its stake in Rapid7 by 48.7% during the 4th quarter. Two Sigma Investments LP now owns 142,167 shares of the technology company’s stock valued at $5,719,000 after purchasing an additional 46,567 shares in the last quarter. Finally, Shapiro Capital Management LLC raised its holdings in Rapid7 by 295.9% during the fourth quarter. Shapiro Capital Management LLC now owns 1,290,945 shares of the technology company’s stock worth $51,935,000 after buying an additional 964,899 shares during the last quarter. 95.66% of the stock is owned by institutional investors.

About Rapid7

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.