Rapid7, Inc. (RPD) Chairman Alan Matthews Sells 20,000 Shares

Rapid7, Inc. (NASDAQ:RPD) Chairman Alan Matthews sold 20,000 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $20.00, for a total transaction of $400,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

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

  • On Thursday, November 9th, Alan Matthews sold 20,000 shares of Rapid7 stock. The shares were sold at an average price of $20.00, for a total transaction of $400,000.00.

Rapid7, Inc. (NASDAQ:RPD) opened at $20.35 on Tuesday. Rapid7, Inc. has a 52 week low of $12.20 and a 52 week high of $20.50. The firm has a market cap of $892.98 and a price-to-earnings ratio of -20.56.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.02. Rapid7 had a negative net margin of 22.44% and a negative return on equity of 115.79%. The firm had revenue of $50.50 million during the quarter, compared to the consensus estimate of $49.87 million. During the same period in the previous year, the firm posted ($0.13) earnings per share. The business’s revenue was up 25.3% compared to the same quarter last year. equities analysts anticipate that Rapid7, Inc. will post -1.05 earnings per share for the current fiscal year.

RPD has been the subject of a number of analyst reports. ValuEngine raised shares of Rapid7 from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. BidaskClub downgraded shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Rosenblatt Securities reissued a “buy” rating and set a $23.00 target price on shares of Rapid7 in a research note on Thursday, December 14th. Royal Bank of Canada lifted their target price 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. Finally, Needham & Company LLC initiated coverage on shares of Rapid7 in a research note on Monday, October 23rd. They set a “buy” rating and a $23.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $21.05.

A number of institutional investors and hedge funds have recently bought and sold shares of RPD. Citigroup Inc. increased its stake in Rapid7 by 1,398.9% in the second quarter. Citigroup Inc. now owns 9,788 shares of the technology company’s stock valued at $165,000 after purchasing an additional 9,135 shares in the last quarter. BT Investment Management Ltd bought a new stake in Rapid7 in the second quarter valued at $169,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in Rapid7 by 25.8% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 10,352 shares of the technology company’s stock valued at $173,000 after purchasing an additional 2,124 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Rapid7 in the third quarter valued at $187,000. Finally, Menta Capital LLC bought a new stake in Rapid7 in the second quarter valued at $227,000. 70.71% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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