Jeffrey Kalowski Sells 20,000 Shares of Rapid7 Inc (RPD) Stock

Rapid7 Inc (NASDAQ:RPD) CFO Jeffrey Kalowski sold 20,000 shares of Rapid7 stock in a transaction that occurred on Thursday, August 9th. The stock was sold at an average price of $32.65, for a total transaction of $653,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of RPD opened at $32.19 on Wednesday. Rapid7 Inc has a one year low of $15.59 and a one year high of $36.23. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of -30.67 and a beta of 0.88.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Monday, August 6th. The technology company reported ($0.13) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.05. The company had revenue of $58.40 million during the quarter, compared to analysts’ expectations of $55.14 million. Rapid7 had a negative net margin of 24.40% and a negative return on equity of 105.43%. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period last year, the company posted ($0.14) earnings per share. sell-side analysts predict that Rapid7 Inc will post -1.01 EPS for the current year.



Several equities analysts have recently issued reports on the stock. Monness Crespi & Hardt lifted their price objective on shares of Rapid7 from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 7th. KeyCorp raised their target price on shares of Rapid7 from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Tuesday, August 7th. Royal Bank of Canada reiterated a “buy” rating and issued a $40.00 target price on shares of Rapid7 in a report on Tuesday, August 7th. Stifel Nicolaus raised their target price on shares of Rapid7 from $36.00 to $42.00 and gave the stock a “buy” rating in a report on Tuesday, August 7th. Finally, BidaskClub cut shares of Rapid7 from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Rapid7 has an average rating of “Buy” and an average price target of $33.57.

Hedge funds have recently bought and sold shares of the stock. Barclays PLC boosted its holdings in shares of Rapid7 by 68.6% during the first quarter. Barclays PLC now owns 5,718 shares of the technology company’s stock worth $146,000 after purchasing an additional 2,327 shares during the period. Wade G W & Inc. acquired a new stake in shares of Rapid7 during the first quarter worth approximately $203,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Rapid7 during the first quarter worth approximately $213,000. Neuberger Berman Group LLC acquired a new stake in shares of Rapid7 during the first quarter worth approximately $230,000. Finally, MetLife Investment Advisors LLC acquired a new stake in shares of Rapid7 during the fourth quarter worth approximately $190,000. Institutional investors and hedge funds own 78.75% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enables 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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