Media headlines about Rapid7 (NASDAQ:RPD) have trended somewhat positive on Saturday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rapid7 earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 47.2044719500952 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Rapid7, Inc. (NASDAQ:RPD) Files An 8-K Entry into a Material Definitive Agreement (4-traders.com)
- Rapid7 Announces New, Consolidated Global Headquarters in Boston (finance.yahoo.com)
- Rapid7, Inc. (RPD) Insider Sells $1,878,183.45 in Stock (americanbankingnews.com)
- Rapid7, Inc. (RPD) Major Shareholder Bain Capital Venture Investors Sells 898,517 Shares (americanbankingnews.com)
- Is The Stock A Good Investment?: Rapid7 Inc (NASDAQ: RPD) – Alpha Beta Stock (alphabetastock.com)
Several research analysts recently weighed in on RPD shares. Needham & Company LLC started coverage on shares of Rapid7 in a research report on Monday, October 23rd. They issued a “buy” rating and a $23.00 price objective on the stock. ValuEngine cut shares of Rapid7 from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub cut shares of Rapid7 from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Zacks Investment Research cut shares of Rapid7 from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Finally, UBS AG upgraded shares of Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 price objective on the stock in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Rapid7 has an average rating of “Buy” and an average target price of $20.83.
Rapid7 (NASDAQ:RPD) last issued its earnings results on Tuesday, November 7th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The business had revenue of $50.50 million during the quarter, compared to analyst estimates of $49.87 million. Rapid7 had a negative return on equity of 115.79% and a negative net margin of 22.44%. Rapid7’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.13) earnings per share. equities analysts expect that Rapid7 will post -1.03 EPS for the current year.
In other news, insider Lee David Weiner sold 20,000 shares of the stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $17.15, for a total transaction of $343,000.00. Following the completion of the sale, the insider now owns 76,212 shares of the company’s stock, valued at $1,307,035.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Alan Matthews sold 52,770 shares of the stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $17.22, for a total value of $908,699.40. Following the sale, the chairman now directly owns 3,152,177 shares of the company’s stock, valued at approximately $54,280,487.94. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,114,877 shares of company stock valued at $20,351,515. 56.90% of the stock is owned by insiders.
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Rapid7 Company Profile
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.
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