Chicago Equity Partners LLC boosted its holdings in shares of Rapid7 Inc (NASDAQ:RPD) by 79.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,940 shares of the technology company’s stock after buying an additional 14,125 shares during the period. Chicago Equity Partners LLC owned approximately 0.07% of Rapid7 worth $1,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also made changes to their positions in RPD. RPg Family Wealth Advisory LLC grew its holdings in Rapid7 by 8.3% during the first quarter. RPg Family Wealth Advisory LLC now owns 3,790 shares of the technology company’s stock worth $192,000 after acquiring an additional 290 shares during the period. Private Capital Group LLC grew its holdings in Rapid7 by 80.4% during the first quarter. Private Capital Group LLC now owns 745 shares of the technology company’s stock worth $38,000 after acquiring an additional 332 shares during the period. Harvest Group Wealth Management LLC purchased a new position in Rapid7 during the first quarter worth approximately $25,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Rapid7 by 30.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,364 shares of the technology company’s stock worth $137,000 after purchasing an additional 554 shares in the last quarter. Finally, Signaturefd LLC purchased a new position in Rapid7 during the second quarter worth approximately $46,000. 91.24% of the stock is currently owned by institutional investors.
Shares of NASDAQ RPD opened at $49.67 on Friday. The stock has a market capitalization of $2.45 billion, a PE ratio of -49.18 and a beta of 1.23. The stock has a fifty day simple moving average of $56.07 and a 200-day simple moving average of $53.76. Rapid7 Inc has a twelve month low of $26.27 and a twelve month high of $66.01. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 2.87.
Rapid7 (NASDAQ:RPD) last released its earnings results on Thursday, August 1st. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.26. The firm had revenue of $78.96 million during the quarter, compared to analyst estimates of $75.14 million. Rapid7 had a negative return on equity of 39.52% and a negative net margin of 17.63%. Rapid7’s revenue was up 35.1% compared to the same quarter last year. During the same period last year, the business posted ($0.13) earnings per share. On average, equities analysts predict that Rapid7 Inc will post -0.62 earnings per share for the current year.
In other news, insider Christina Luconi sold 3,087 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $53.75, for a total value of $165,926.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lee David Weiner sold 20,556 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $54.93, for a total value of $1,129,141.08. The disclosure for this sale can be found here. Insiders have sold a total of 81,143 shares of company stock valued at $4,414,742 over the last ninety days. 4.90% of the stock is owned by company insiders.
A number of brokerages have issued reports on RPD. Morgan Stanley raised their target price on Rapid7 from $51.00 to $61.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Northland Securities set a $75.00 price objective on Rapid7 and gave the stock a “buy” rating in a research report on Monday, July 15th. Monness Crespi & Hardt reiterated a “buy” rating and set a $72.00 price objective (up previously from $62.00) on shares of Rapid7 in a research report on Monday, July 29th. Cowen initiated coverage on Rapid7 in a research report on Thursday, May 23rd. They set an “outperform” rating and a $63.00 price objective on the stock. Finally, Zacks Investment Research downgraded Rapid7 from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $62.24.
Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enable customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.
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