Rapid7, Inc. (NASDAQ:RPD – Get Rating) CEO Corey E. Thomas sold 41,619 shares of Rapid7 stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $28.40, for a total value of $1,181,979.60. Following the transaction, the chief executive officer now directly owns 428,074 shares in the company, valued at $12,157,301.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
Rapid7 Stock Down 0.8 %
Shares of RPD opened at $28.57 on Friday. The stock has a market cap of $1.69 billion, a P/E ratio of -10.43 and a beta of 1.37. The business’s fifty day moving average is $41.62 and its 200 day moving average is $58.24. Rapid7, Inc. has a 12-month low of $26.49 and a 12-month high of $134.74.
Rapid7 (NASDAQ:RPD – Get Rating) last posted its earnings results on Wednesday, November 2nd. The technology company reported ($0.39) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.06. The business had revenue of $175.77 million for the quarter, compared to the consensus estimate of $176.13 million. On average, analysts expect that Rapid7, Inc. will post -1.87 EPS for the current year.
Institutional Investors Weigh In On Rapid7
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Truist Financial lowered Rapid7 from a “buy” rating to a “hold” rating and cut their price objective for the stock from $80.00 to $40.00 in a research note on Thursday, November 3rd. StockNews.com upgraded shares of Rapid7 from a “sell” rating to a “hold” rating in a research report on Saturday, November 5th. Mizuho cut shares of Rapid7 from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $70.00 to $45.00 in a research report on Thursday, November 3rd. Robert W. Baird restated an “outperform” rating and issued a $90.00 target price on shares of Rapid7 in a report on Wednesday, October 19th. Finally, BTIG Research assumed coverage on Rapid7 in a report on Friday, September 23rd. They set a “neutral” rating for the company. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $68.63.
Rapid7 Company Profile
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 InsightIDR, an incident detection and response solution; InsightCloudSec, a solution that integrates posture management, workload protection, infrastructure entitlements management, infrastructure-as-code security, and Kubernetes protection; InsightVM, a vulnerability risk management solution that is designed to provide a way to collect vulnerability data, prioritize risk, and automate remediation; 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.
- Get a free copy of the StockNews.com research report on Rapid7 (RPD)
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