Y.D. More Investments Ltd Lowers Position in Rapid7, Inc. (NASDAQ:RPD)

Y.D. More Investments Ltd cut its stake in Rapid7, Inc. (NASDAQ:RPD) by 42.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,891 shares of the technology company’s stock after selling 3,647 shares during the period. Y.D. More Investments Ltd’s holdings in Rapid7 were worth $278,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Rapid7 during the third quarter valued at approximately $255,000. Raymond James & Associates lifted its holdings in shares of Rapid7 by 41.5% during the third quarter. Raymond James & Associates now owns 100,806 shares of the technology company’s stock valued at $4,615,000 after purchasing an additional 29,543 shares during the last quarter. Bailard Inc. lifted its holdings in shares of Rapid7 by 1.5% during the third quarter. Bailard Inc. now owns 23,358 shares of the technology company’s stock valued at $1,069,000 after purchasing an additional 339 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of Rapid7 by 1.8% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 11,829 shares of the technology company’s stock valued at $538,000 after purchasing an additional 213 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Rapid7 by 1.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 49,346 shares of the technology company’s stock valued at $2,259,000 after purchasing an additional 502 shares during the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RPD. UBS Group raised Rapid7 from a “neutral” rating to a “buy” rating and upped their price objective for the company from $53.00 to $70.00 in a research report on Monday, January 29th. JPMorgan Chase & Co. lowered their price objective on Rapid7 from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. StockNews.com lowered shares of Rapid7 from a “buy” rating to a “hold” rating in a research note on Wednesday, March 6th. Barclays boosted their target price on shares of Rapid7 from $58.00 to $60.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Finally, Citigroup upgraded shares of Rapid7 from a “neutral” rating to a “buy” rating and boosted their target price for the company from $54.00 to $65.00 in a research note on Tuesday, January 9th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Rapid7 currently has a consensus rating of “Hold” and an average price target of $55.56.

Rapid7 Trading Up 0.2 %

Shares of NASDAQ:RPD opened at $44.88 on Thursday. Rapid7, Inc. has a 12 month low of $39.49 and a 12 month high of $61.88. The company has a 50-day moving average price of $50.22 and a 200 day moving average price of $52.95. The company has a market cap of $2.79 billion, a price-to-earnings ratio of -17.88 and a beta of 1.01.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.27. Rapid7 had a negative net margin of 19.19% and a negative return on equity of 1.36%. The company had revenue of $205.27 million for the quarter, compared to analyst estimates of $201.52 million. As a group, equities analysts forecast that Rapid7, Inc. will post 0.86 EPS for the current year.

Insider Buying and Selling

In related news, COO Andrew F. Burton sold 31,727 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $53.07, for a total value of $1,683,751.89. Following the sale, the chief operating officer now directly owns 257,494 shares of the company’s stock, valued at approximately $13,665,206.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, COO Andrew F. Burton sold 20,653 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $48.73, for a total transaction of $1,006,420.69. Following the transaction, the chief operating officer now directly owns 236,841 shares of the company’s stock, valued at $11,541,261.93. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Andrew F. Burton sold 31,727 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $53.07, for a total transaction of $1,683,751.89. Following the transaction, the chief operating officer now directly owns 257,494 shares in the company, valued at $13,665,206.58. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by corporate insiders.

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.