Rapid7 (NASDAQ:RPD) Given “Hold” Rating at Needham & Company LLC

Rapid7 (NASDAQ:RPD)‘s stock had its “hold” rating reiterated by investment analysts at Needham & Company LLC in a report issued on Thursday,Benzinga reports.

RPD has been the topic of a number of other research reports. Jefferies Financial Group assumed coverage on shares of Rapid7 in a research report on Wednesday, October 16th. They set a “buy” rating and a $50.00 price target on the stock. Citigroup decreased their target price on Rapid7 from $50.00 to $46.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Stifel Nicolaus reissued a “hold” rating and issued a $42.00 price target (down from $48.00) on shares of Rapid7 in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered their price objective on shares of Rapid7 from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, StockNews.com upgraded Rapid7 from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Fifteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.18.

Rapid7 Trading Down 3.0 %

Shares of RPD stock opened at $36.79 on Thursday. Rapid7 has a 1-year low of $32.94 and a 1-year high of $61.79. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of 58.40 and a beta of 0.96. The stock has a 50-day moving average of $39.57 and a 200-day moving average of $38.87.

Rapid7 (NASDAQ:RPD) last released its earnings results on Wednesday, February 12th. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.38). Rapid7 had a net margin of 5.65% and a negative return on equity of 128.95%. Sell-side analysts forecast that Rapid7 will post 0.98 earnings per share for the current year.

Insider Activity

In other news, CEO Corey E. Thomas sold 100,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were sold at an average price of $39.38, for a total transaction of $3,938,000.00. Following the completion of the transaction, the chief executive officer now directly owns 431,469 shares in the company, valued at $16,991,249.22. The trade was a 18.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Rapid7

Several large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its position in shares of Rapid7 by 3,888.2% in the third quarter. International Assets Investment Management LLC now owns 678 shares of the technology company’s stock worth $27,000 after purchasing an additional 661 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its holdings in Rapid7 by 68.8% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 1,116 shares of the technology company’s stock valued at $46,000 after acquiring an additional 455 shares during the period. Pacer Advisors Inc. grew its position in Rapid7 by 30.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company’s stock worth $60,000 after acquiring an additional 347 shares during the last quarter. RPg Family Wealth Advisory LLC purchased a new position in Rapid7 in the 3rd quarter worth approximately $69,000. Finally, KBC Group NV lifted its position in Rapid7 by 47.7% in the fourth quarter. KBC Group NV now owns 2,686 shares of the technology company’s stock valued at $108,000 after purchasing an additional 867 shares during the last quarter. Institutional investors own 95.66% of the company’s stock.

Rapid7 Company 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.