Rapid7, Inc. (NASDAQ:RPD) CFO Jeffrey Kalowski Sells 19,236 Shares

Rapid7, Inc. (NASDAQ:RPD) CFO Jeffrey Kalowski sold 19,236 shares of the company’s stock in a transaction on Tuesday, June 8th. The stock was sold at an average price of $85.00, for a total transaction of $1,635,060.00. Following the sale, the chief financial officer now directly owns 243,549 shares of the company’s stock, valued at $20,701,665. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Jeffrey Kalowski also recently made the following trade(s):

  • On Friday, May 28th, Jeffrey Kalowski sold 3,850 shares of Rapid7 stock. The shares were sold at an average price of $85.00, for a total transaction of $327,250.00.

Shares of Rapid7 stock opened at $88.16 on Friday. The firm has a market cap of $4.86 billion, a PE ratio of -43.22 and a beta of 1.30. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 5.29. The stock’s 50-day moving average price is $81.47. Rapid7, Inc. has a 12-month low of $45.33 and a 12-month high of $94.60.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Thursday, May 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $117.50 million during the quarter, compared to analysts’ expectations of $114.36 million. Rapid7 had a negative net margin of 24.34% and a negative return on equity of 177.30%. The firm’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same quarter last year, the company posted ($0.09) EPS. On average, equities analysts predict that Rapid7, Inc. will post -1.59 EPS for the current year.

Several equities analysts recently commented on the stock. Mizuho cut their target price on shares of Rapid7 from $102.00 to $92.00 and set a “buy” rating for the company in a research note on Friday, May 7th. Piper Sandler upgraded shares of Rapid7 from a “neutral” rating to an “overweight” rating and set a $100.00 target price for the company in a research note on Monday, March 8th. Zacks Investment Research cut shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Thursday, May 20th. Stifel Nicolaus started coverage on shares of Rapid7 in a research note on Wednesday, February 17th. They set a “buy” rating for the company. Finally, Raymond James increased their price objective on shares of Rapid7 from $100.00 to $105.00 and gave the company an “outperform” rating in a research note on Friday, May 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have assigned a buy rating to the company’s stock. Rapid7 has a consensus rating of “Buy” and a consensus target price of $98.10.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. grew its holdings in Rapid7 by 6.7% during the 1st quarter. BlackRock Inc. now owns 4,689,808 shares of the technology company’s stock worth $349,907,000 after acquiring an additional 293,927 shares during the last quarter. Wasatch Advisors Inc. grew its holdings in Rapid7 by 4.1% during the 1st quarter. Wasatch Advisors Inc. now owns 2,368,618 shares of the technology company’s stock worth $176,723,000 after acquiring an additional 93,177 shares during the last quarter. Federated Hermes Inc. grew its holdings in Rapid7 by 3.5% during the 4th quarter. Federated Hermes Inc. now owns 1,797,091 shares of the technology company’s stock worth $162,025,000 after acquiring an additional 60,796 shares during the last quarter. GW&K Investment Management LLC grew its holdings in Rapid7 by 9.2% during the 1st quarter. GW&K Investment Management LLC now owns 1,403,726 shares of the technology company’s stock worth $104,732,000 after acquiring an additional 117,877 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in Rapid7 by 1,716.7% during the 4th quarter. Alliancebernstein L.P. now owns 1,315,213 shares of the technology company’s stock worth $118,580,000 after acquiring an additional 1,242,818 shares during the last quarter. 97.27% of the stock is currently owned by hedge funds and other institutional investors.

About Rapid7

Rapid7, Inc provides cyber security solutions. The company offers a cloud-native insight platform that enables customers to create and manage analytics-driven cyber security risk management programs. Its platform includes InsightVM, a vulnerability risk management solution that is designed to provide a way to collect vulnerability data, prioritize risk, and automate remediation; InsightIDR, an incident detection and response solution; InsightAppSec, which provides application security testing that analyzes web applications for security vulnerabilities; and InsightConnect, a security orchestration and automation response solution that is used by security professionals.

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