Insider Selling: Rapid7, Inc. (RPD) Chairman Sells $400,000.00 in Stock

Rapid7, Inc. (NASDAQ:RPD) Chairman Alan Matthews sold 20,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $20.00, for a total value of $400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Alan Matthews also recently made the following trade(s):

  • On Wednesday, September 13th, Alan Matthews sold 52,770 shares of Rapid7 stock. The shares were sold at an average price of $17.22, for a total value of $908,699.40.

Rapid7, Inc. (RPD) opened at $18.25 on Thursday. Rapid7, Inc. has a one year low of $11.26 and a one year high of $20.25.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, November 7th. The technology company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The firm had revenue of $50.50 million for the quarter, compared to the consensus estimate of $49.87 million. Rapid7 had a negative net margin of 22.44% and a negative return on equity of 115.79%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.13) earnings per share. sell-side analysts predict that Rapid7, Inc. will post -1.03 earnings per share for the current fiscal year.

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A number of equities analysts have recently weighed in on the stock. Royal Bank Of Canada upped their price target on shares of Rapid7 from $22.00 to $25.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 8th. ValuEngine downgraded shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub downgraded shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. KeyCorp reaffirmed a “buy” rating and issued a $25.00 price target on shares of Rapid7 in a research note on Friday, October 6th. Finally, Zacks Investment Research downgraded shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $20.83.

A number of institutional investors have recently bought and sold shares of the business. Granahan Investment Management Inc. MA increased its position in Rapid7 by 6.6% during the third quarter. Granahan Investment Management Inc. MA now owns 255,541 shares of the technology company’s stock worth $4,498,000 after buying an additional 15,763 shares during the last quarter. Jane Street Group LLC acquired a new position in Rapid7 during the third quarter worth $237,000. Alyeska Investment Group L.P. acquired a new position in Rapid7 during the third quarter worth $7,896,000. OxFORD Asset Management LLP increased its position in Rapid7 by 20.5% during the third quarter. OxFORD Asset Management LLP now owns 117,952 shares of the technology company’s stock worth $2,073,000 after buying an additional 20,094 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in Rapid7 by 5.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 71,343 shares of the technology company’s stock worth $1,256,000 after buying an additional 3,673 shares during the last quarter. 71.80% of the stock is currently owned by hedge funds and other institutional investors.

About Rapid7

Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.

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

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