Rapid7, Inc. (NASDAQ:RPD) Director Benjamin Holzman Sells 5,000 Shares

Rapid7, Inc. (NASDAQ:RPD) Director Benjamin Holzman sold 5,000 shares of the business’s stock in a transaction dated Monday, September 20th. The stock was sold at an average price of $118.40, for a total value of $592,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ RPD opened at $121.64 on Friday. The stock has a fifty day moving average price of $116.20 and a two-hundred day moving average price of $95.73. The company has a debt-to-equity ratio of 5.29, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market cap of $6.79 billion, a P/E ratio of -54.30 and a beta of 1.34. Rapid7, Inc. has a 1 year low of $59.20 and a 1 year high of $125.32.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Wednesday, August 4th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Rapid7 had a negative return on equity of 177.30% and a negative net margin of 25.64%. The firm had revenue of $126.42 million during the quarter, compared to analyst estimates of $123.09 million. During the same period last year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. On average, research analysts predict that Rapid7, Inc. will post -1.92 earnings per share for the current fiscal year.

A number of research analysts have commented on the company. Royal Bank of Canada boosted their price objective on Rapid7 from $120.00 to $138.00 and gave the stock an “outperform” rating in a research note on Thursday, August 5th. FBN Securities initiated coverage on Rapid7 in a research note on Thursday. They issued an “outperform” rating and a $140.00 price target on the stock. Barclays boosted their price target on Rapid7 from $115.00 to $130.00 and gave the stock an “overweight” rating in a research note on Thursday, August 5th. Piper Sandler boosted their price target on Rapid7 from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday, July 9th. Finally, Truist Securities upped their price objective on Rapid7 from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, August 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Rapid7 has an average rating of “Buy” and an average target price of $122.60.

Large investors have recently made changes to their positions in the company. Brinker Capital Investments LLC acquired a new stake in shares of Rapid7 during the 2nd quarter valued at $2,511,000. Davy Global Fund Management Ltd lifted its holdings in shares of Rapid7 by 58.0% in the first quarter. Davy Global Fund Management Ltd now owns 28,870 shares of the technology company’s stock valued at $2,154,000 after purchasing an additional 10,603 shares in the last quarter. HighTower Advisors LLC purchased a new stake in shares of Rapid7 in the first quarter valued at $220,000. Quadrature Capital Ltd purchased a new stake in shares of Rapid7 in the first quarter valued at $595,000. Finally, GW&K Investment Management LLC lifted its holdings in shares of Rapid7 by 9.2% in the first quarter. GW&K Investment Management LLC now owns 1,403,726 shares of the technology company’s stock valued at $104,732,000 after purchasing an additional 117,877 shares in the last quarter.

About Rapid7

Rapid7, Inc engages in the provision of cyber security analytics and automation services. Its products include Metasploit, Nexpose, AppSpider, tCell by Rapid7, as well as insight platforms such as InsightDR, InsightIVM, InsightAppSec, InsightConnect, and InsightOps. It also offers security and product consulting services.

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