Rhumbline Advisers Boosts Holdings in Rapid7 Inc (NASDAQ:RPD)

Rhumbline Advisers grew its holdings in shares of Rapid7 Inc (NASDAQ:RPD) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 62,927 shares of the technology company’s stock after acquiring an additional 496 shares during the quarter. Rhumbline Advisers’ holdings in Rapid7 were worth $2,856,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. State of New Jersey Common Pension Fund D bought a new position in shares of Rapid7 in the third quarter worth approximately $1,661,000. Brinker Capital Inc. boosted its holdings in Rapid7 by 1.4% in the third quarter. Brinker Capital Inc. now owns 22,672 shares of the technology company’s stock valued at $1,029,000 after acquiring an additional 315 shares in the last quarter. Stephens Investment Management Group LLC boosted its holdings in Rapid7 by 16.0% in the third quarter. Stephens Investment Management Group LLC now owns 214,510 shares of the technology company’s stock valued at $9,737,000 after acquiring an additional 29,547 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Rapid7 by 7.6% in the third quarter. Envestnet Asset Management Inc. now owns 76,364 shares of the technology company’s stock valued at $3,466,000 after acquiring an additional 5,370 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Rapid7 by 125.0% in the third quarter. Signaturefd LLC now owns 1,800 shares of the technology company’s stock valued at $82,000 after acquiring an additional 1,000 shares in the last quarter. 90.93% of the stock is currently owned by hedge funds and other institutional investors.

In other news, COO Andrew F. Burton sold 49,438 shares of Rapid7 stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $51.61, for a total value of $2,551,495.18. Also, insider Christina Luconi sold 3,087 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $53.75, for a total value of $165,926.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 123,462 shares of company stock valued at $6,505,874. 4.90% of the stock is owned by insiders.

Shares of RPD stock traded up $0.55 during mid-day trading on Tuesday, reaching $51.63. 4,681 shares of the company’s stock traded hands, compared to its average volume of 511,403. Rapid7 Inc has a 12 month low of $26.27 and a 12 month high of $66.01. The company has a market cap of $2.55 billion, a P/E ratio of -51.26 and a beta of 1.21. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 2.97. The company’s 50-day moving average price is $48.65 and its 200-day moving average price is $53.66.

Rapid7 (NASDAQ:RPD) last announced its earnings results on Tuesday, November 5th. The technology company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.20. Rapid7 had a negative net margin of 17.27% and a negative return on equity of 40.74%. The firm had revenue of $83.20 million for the quarter, compared to analysts’ expectations of $80.11 million. During the same quarter in the previous year, the business posted ($0.04) EPS. The company’s quarterly revenue was up 33.3% on a year-over-year basis. Equities analysts predict that Rapid7 Inc will post -0.67 earnings per share for the current year.

RPD has been the topic of several recent analyst reports. Robert W. Baird reiterated a “buy” rating and issued a $72.00 price target on shares of Rapid7 in a report on Tuesday, November 5th. Raymond James cut their price target on shares of Rapid7 from $76.00 to $69.00 and set a “strong-buy” rating on the stock in a report on Wednesday, November 6th. Needham & Company LLC reiterated a “buy” rating and issued a $72.00 price target on shares of Rapid7 in a report on Tuesday, November 5th. SunTrust Banks initiated coverage on shares of Rapid7 in a report on Wednesday, October 2nd. They issued a “buy” rating and a $66.00 price target on the stock. Finally, Barclays reiterated a “buy” rating and issued a $69.00 price target on shares of Rapid7 in a report on Thursday, July 18th. Five research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $63.33.

Rapid7 Profile

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enable customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.

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Institutional Ownership by Quarter for Rapid7 (NASDAQ:RPD)

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