Rapid7 Inc (NASDAQ:RPD) Shares Sold by US Bancorp DE

US Bancorp DE decreased its position in shares of Rapid7 Inc (NASDAQ:RPD) by 25.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,080 shares of the technology company’s stock after selling 9,340 shares during the quarter. US Bancorp DE owned approximately 0.06% of Rapid7 worth $1,421,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of RPD. Natixis Advisors L.P. raised its stake in Rapid7 by 2.1% in the fourth quarter. Natixis Advisors L.P. now owns 12,767 shares of the technology company’s stock valued at $397,000 after buying an additional 257 shares during the last quarter. Private Capital Group LLC raised its stake in Rapid7 by 80.4% in the first quarter. Private Capital Group LLC now owns 745 shares of the technology company’s stock valued at $38,000 after buying an additional 332 shares during the last quarter. Harvest Group Wealth Management LLC purchased a new stake in Rapid7 in the first quarter valued at about $25,000. Oppenheimer Asset Management Inc. raised its stake in Rapid7 by 3.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 15,912 shares of the technology company’s stock valued at $496,000 after buying an additional 581 shares during the last quarter. Finally, Squarepoint Ops LLC raised its stake in Rapid7 by 2.2% in the fourth quarter. Squarepoint Ops LLC now owns 28,931 shares of the technology company’s stock valued at $901,000 after buying an additional 617 shares during the last quarter. 88.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:RPD traded up $262,760,936.21 during trading on Friday, reaching $262,760,992.00. The stock had a trading volume of 2,385,472 shares, compared to its average volume of 663,640. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 2.18. The stock has a fifty day moving average of $52.97. The company has a market cap of $2.69 billion, a PE ratio of -260,159,398.02 and a beta of 1.17. Rapid7 Inc has a 1-year low of $26.27 and a 1-year high of $58.74.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.24. Rapid7 had a negative return on equity of 46.34% and a negative net margin of 19.35%. The firm had revenue of $73.20 million for the quarter, compared to analyst estimates of $69.86 million. During the same period in the previous year, the company posted ($0.19) earnings per share. The business’s revenue was up 34.3% on a year-over-year basis. Research analysts expect that Rapid7 Inc will post -0.61 earnings per share for the current year.

Several brokerages have recently issued reports on RPD. Robert W. Baird assumed coverage on Rapid7 in a research note on Wednesday, April 3rd. They issued an “outperform” rating and a $58.00 price objective for the company. Nomura assumed coverage on Rapid7 in a research report on Friday. They set a “buy” rating and a $70.00 price target for the company. Northland Securities reiterated a “buy” rating and set a $64.00 price target on shares of Rapid7 in a research report on Friday, May 3rd. Cowen assumed coverage on Rapid7 in a research report on Thursday, May 23rd. They set an “outperform” rating and a $63.00 price target for the company. Finally, Mizuho assumed coverage on Rapid7 in a research report on Tuesday, March 26th. They set a “buy” rating and a $59.00 price target for the company. Three analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $56.06.

In other Rapid7 news, Director Timothy P. Mcadam sold 10,000 shares of Rapid7 stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $52.51, for a total value of $525,100.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Corey E. Thomas sold 5,000 shares of Rapid7 stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $52.58, for a total value of $262,900.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,137 shares of company stock worth $6,705,192. 4.90% of the stock is currently owned by company insiders.

Rapid7 Company 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.

Further Reading: Dow Jones Industrial Average (DJIA)

Institutional Ownership by Quarter for Rapid7 (NASDAQ:RPD)

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