Rapid7 Inc. (NASDAQ:RPD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Tuesday.

According to Zacks, “Rapid7, Inc. offers security data and analytics solutions. The Company provides solutions which consist of threat exposure management, incident detection and response solutions as well as security advisory services. Rapid7, Inc. is based in Boston, United States. “

RPD has been the topic of several other reports. Macquarie assumed coverage on shares of Rapid7 in a research report on Friday, July 8th. They set a “neutral” rating and a $16.00 price objective on the stock. Raymond James Financial Inc. restated a “buy” rating on shares of Rapid7 in a research report on Thursday, June 2nd. Barclays PLC set a $17.00 price objective on shares of Rapid7 and gave the company a “buy” rating in a research report on Tuesday, August 9th. Rosenblatt Securities assumed coverage on shares of Rapid7 in a research report on Friday, August 26th. They set a “buy” rating and a $23.00 price objective on the stock. Finally, Cowen and Company restated a “buy” rating on shares of Rapid7 in a research report on Sunday, June 26th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Rapid7 currently has a consensus rating of “Buy” and an average price target of $20.67.

Shares of Rapid7 (NASDAQ:RPD) opened at 17.56 on Tuesday. Rapid7 has a 52-week low of $9.05 and a 52-week high of $24.96. The stock’s market capitalization is $713.52 million. The firm’s 50-day moving average is $16.91 and its 200 day moving average is $13.91.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.22) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. The firm had revenue of $37.30 million for the quarter, compared to the consensus estimate of $36.29 million. Rapid7 had a negative net margin of 46.51% and a negative return on equity of 100.88%. The company’s revenue was up 44.6% on a year-over-year basis. During the same period last year, the firm earned ($0.61) EPS. Equities analysts expect that Rapid7 will post ($0.90) EPS for the current year.

In other news, CFO Steven Gatoff sold 15,000 shares of the business’s stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $17.36, for a total value of $260,400.00. Following the sale, the chief financial officer now directly owns 85,186 shares in the company, valued at approximately $1,478,828.96. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Corey E. Thomas sold 10,000 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was sold at an average price of $18.42, for a total transaction of $184,200.00. Following the completion of the sale, the insider now owns 219,757 shares in the company, valued at $4,047,923.94. The disclosure for this sale can be found here. 55.30% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of RPD. Commonwealth Equity Services Inc acquired a new stake in Rapid7 during the second quarter worth $135,000. American International Group Inc. increased its stake in Rapid7 by 143.8% in the second quarter. American International Group Inc. now owns 11,455 shares of the company’s stock worth $144,000 after buying an additional 6,756 shares during the period. Nationwide Fund Advisors increased its stake in Rapid7 by 160.1% in the second quarter. Nationwide Fund Advisors now owns 12,737 shares of the company’s stock worth $160,000 after buying an additional 7,840 shares during the period. Barclays PLC increased its stake in Rapid7 by 1,990.4% in the second quarter. Barclays PLC now owns 13,316 shares of the company’s stock worth $167,000 after buying an additional 12,679 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in Rapid7 during the second quarter worth $168,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc is a provider of security data and analytics solutions that enable organizations to implement an active approach to cyber security. The Company’s Rapid7 Insight Platform is a security data and analytics platform that provides solutions to cyber security that enables organizations to find and eliminate critical weaknesses and detect attacks in their information technology (IT) environments.

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