Andrew F. Burton Sells 22,500 Shares of Rapid7 Inc (RPD) Stock

Rapid7 Inc (NASDAQ:RPD) COO Andrew F. Burton sold 22,500 shares of the company’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $51.71, for a total transaction of $1,163,475.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ RPD opened at $52.02 on Thursday. Rapid7 Inc has a twelve month low of $26.27 and a twelve month high of $57.00. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -51.50 and a beta of 1.20.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.02 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.22) by $0.24. Rapid7 had a negative net margin of 19.35% and a negative return on equity of 46.34%. The company had revenue of $73.20 million during the quarter, compared to the consensus estimate of $69.86 million. During the same period in the prior year, the company earned ($0.19) EPS. Rapid7’s revenue was up 34.3% on a year-over-year basis. On average, equities research analysts forecast that Rapid7 Inc will post -0.61 EPS for the current year.



Several research firms recently weighed in on RPD. Zacks Investment Research downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. DA Davidson upped their price objective on shares of Rapid7 to $52.00 and gave the stock a “neutral” rating in a report on Monday, May 6th. Morgan Stanley set a $53.00 price objective on shares of Rapid7 and gave the stock a “hold” rating in a report on Friday, May 3rd. BTIG Research upped their price objective on shares of Rapid7 to $62.00 and gave the stock a “positive” rating in a report on Friday, May 3rd. Finally, Northland Securities reaffirmed a “buy” rating and issued a $64.00 price objective on shares of Rapid7 in a report on Friday, May 3rd. Three analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Rapid7 presently has a consensus rating of “Buy” and an average target price of $54.67.

A number of hedge funds and other institutional investors have recently modified their holdings of RPD. Harvest Group Wealth Management LLC acquired a new stake in Rapid7 in the 1st quarter valued at about $25,000. Private Capital Group LLC raised its holdings in Rapid7 by 80.4% during the 1st quarter. Private Capital Group LLC now owns 745 shares of the technology company’s stock worth $38,000 after buying an additional 332 shares during the period. Ladenburg Thalmann Financial Services Inc. acquired a new stake in Rapid7 during the 1st quarter worth about $42,000. Pearl River Capital LLC acquired a new stake in Rapid7 during the 4th quarter worth about $47,000. Finally, Acadian Asset Management LLC acquired a new stake in Rapid7 during the 1st quarter worth about $51,000. 85.13% of the stock is owned by institutional investors.

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Rapid7 Company Profile

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

Read More: Balance Sheet

Insider Buying and Selling by Quarter for Rapid7 (NASDAQ:RPD)

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