Mutual of America Capital Management LLC Buys 4,316 Shares of Rapid7, Inc. (NASDAQ:RPD)

Mutual of America Capital Management LLC boosted its stake in shares of Rapid7, Inc. (NASDAQ:RPD) by 5.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 79,799 shares of the technology company’s stock after acquiring an additional 4,316 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.13% of Rapid7 worth $4,557,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in RPD. HighTower Advisors LLC lifted its position in Rapid7 by 9.1% during the 1st quarter. HighTower Advisors LLC now owns 2,354 shares of the technology company’s stock valued at $261,000 after purchasing an additional 196 shares during the period. PNC Financial Services Group Inc. lifted its position in Rapid7 by 30.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 5,529 shares of the technology company’s stock valued at $615,000 after purchasing an additional 1,281 shares during the period. MetLife Investment Management LLC lifted its position in Rapid7 by 53.8% during the 1st quarter. MetLife Investment Management LLC now owns 29,914 shares of the technology company’s stock valued at $3,328,000 after purchasing an additional 10,460 shares during the period. Rhumbline Advisers lifted its position in Rapid7 by 3.8% during the 1st quarter. Rhumbline Advisers now owns 59,263 shares of the technology company’s stock valued at $6,592,000 after purchasing an additional 2,152 shares during the period. Finally, Vontobel Holding Ltd. acquired a new position in Rapid7 during the 1st quarter valued at about $1,631,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Rapid7

In related news, COO Andrew F. Burton sold 31,727 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 257,494 shares of the company’s stock, valued at $13,665,206.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Rapid7 news, COO Andrew F. Burton sold 20,653 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $48.73, for a total transaction of $1,006,420.69. Following the completion of the sale, the chief operating officer now owns 236,841 shares of the company’s stock, valued at approximately $11,541,261.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Andrew F. Burton sold 31,727 shares of the firm’s stock in a transaction on 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 disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Analyst Ratings Changes

RPD has been the topic of a number of research reports. UBS Group upgraded shares of Rapid7 from a “neutral” rating to a “buy” rating and upped their target price for the company from $53.00 to $70.00 in a research report on Monday, January 29th. Barclays increased their price target on shares of Rapid7 from $58.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, February 8th. StockNews.com downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Wednesday, March 6th. Citigroup upgraded shares of Rapid7 from a “neutral” rating to a “buy” rating and increased their price target for the company from $54.00 to $65.00 in a research report on Tuesday, January 9th. Finally, JPMorgan Chase & Co. cut their price target on shares of Rapid7 from $61.00 to $60.00 and set a “neutral” rating on the stock in a research report on Thursday, February 8th. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $56.20.

Rapid7 Stock Down 4.5 %

Shares of RPD opened at $45.75 on Tuesday. Rapid7, Inc. has a twelve month low of $39.49 and a twelve month high of $61.88. The company has a 50 day moving average of $53.56 and a 200-day moving average of $53.19.

Rapid7 (NASDAQ:RPD) last released its earnings results on Wednesday, February 7th. The technology company reported $0.40 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $205.27 million during the quarter, compared to analysts’ expectations of $201.52 million. On average, sell-side analysts predict that Rapid7, Inc. will post 0.86 EPS for the current fiscal year.

Rapid7 Profile

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.