Alyeska Investment Group L.P. purchased a new position in Rapid7, Inc. (NASDAQ:RPD) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 448,641 shares of the technology company’s stock, valued at approximately $7,896,000. Alyeska Investment Group L.P. owned 1.02% of Rapid7 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RPD. ETF Managers Group LLC purchased a new position in shares of Rapid7 during the 2nd quarter valued at approximately $19,395,000. Laurion Capital Management LP purchased a new position in shares of Rapid7 during the 2nd quarter valued at approximately $11,614,000. Wasatch Advisors Inc. boosted its stake in shares of Rapid7 by 51.1% during the 2nd quarter. Wasatch Advisors Inc. now owns 1,975,177 shares of the technology company’s stock valued at $33,242,000 after buying an additional 668,273 shares during the last quarter. Frontier Capital Management Co. LLC purchased a new position in shares of Rapid7 during the 2nd quarter valued at approximately $7,473,000. Finally, Cortina Asset Management LLC purchased a new position in shares of Rapid7 during the 3rd quarter valued at approximately $6,015,000. Hedge funds and other institutional investors own 70.71% of the company’s stock.
In other Rapid7 news, Director Jay C. Hoag sold 35,246 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $19.40, for a total value of $683,772.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman Alan Matthews sold 52,770 shares of the firm’s stock in a transaction 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 transaction, the chairman now directly owns 3,152,177 shares in the company, valued at $54,280,487.94. The disclosure for this sale can be found here. Insiders sold 1,170,123 shares of company stock worth $21,403,488 over the last ninety days. 56.90% of the stock is owned by corporate insiders.
Shares of Rapid7, Inc. (NASDAQ:RPD) opened at $18.77 on Tuesday. Rapid7, Inc. has a 52-week low of $11.72 and a 52-week high of $20.25.
Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.02. The business had revenue of $50.50 million for 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%. The business’s revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.13) EPS. sell-side analysts forecast that Rapid7, Inc. will post -1.03 EPS for the current year.
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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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