AlphaCrest Capital Management LLC Boosts Holdings in Rapid7, Inc. (NASDAQ:RPD)

AlphaCrest Capital Management LLC boosted its position in shares of Rapid7, Inc. (NASDAQ:RPDGet Rating) by 193.7% in the fourth quarter, HoldingsChannel reports. The fund owned 8,813 shares of the technology company’s stock after purchasing an additional 5,812 shares during the quarter. AlphaCrest Capital Management LLC’s holdings in Rapid7 were worth $1,037,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. MML Investors Services LLC raised its holdings in shares of Rapid7 by 2.7% in the third quarter. MML Investors Services LLC now owns 3,564 shares of the technology company’s stock worth $403,000 after buying an additional 95 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in shares of Rapid7 by 6.7% in the third quarter. Edmond DE Rothschild Holding S.A. now owns 1,830 shares of the technology company’s stock worth $207,000 after buying an additional 115 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of Rapid7 by 0.6% in the third quarter. Voya Investment Management LLC now owns 21,359 shares of the technology company’s stock worth $2,414,000 after buying an additional 131 shares during the last quarter. CIBC Asset Management Inc raised its holdings in shares of Rapid7 by 6.1% in the fourth quarter. CIBC Asset Management Inc now owns 2,374 shares of the technology company’s stock worth $279,000 after buying an additional 136 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Rapid7 by 89.3% in the third quarter. Captrust Financial Advisors now owns 318 shares of the technology company’s stock worth $36,000 after buying an additional 150 shares during the last quarter. 98.03% of the stock is owned by institutional investors.

RPD has been the subject of a number of research analyst reports. Royal Bank of Canada raised their price target on shares of Rapid7 from $130.00 to $140.00 in a report on Thursday, February 10th. The Goldman Sachs Group cut shares of Rapid7 from a “buy” rating to a “neutral” rating and set a $130.00 target price for the company. in a report on Tuesday, April 12th. Mizuho reduced their target price on shares of Rapid7 from $135.00 to $110.00 in a report on Thursday, May 5th. Truist Financial reduced their target price on shares of Rapid7 from $135.00 to $110.00 in a report on Tuesday. Finally, Piper Sandler reduced their target price on shares of Rapid7 from $140.00 to $120.00 in a report on Thursday, May 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $126.50.

In other news, CEO Corey E. Thomas sold 50,000 shares of Rapid7 stock in a transaction dated Thursday, March 17th. The shares were sold at an average price of $100.00, for a total value of $5,000,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Andrew F. Burton sold 5,498 shares of Rapid7 stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $110.00, for a total transaction of $604,780.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 55,968 shares of company stock worth $5,656,672. Company insiders own 3.60% of the company’s stock.

RPD stock opened at $70.76 on Friday. The firm has a market cap of $4.12 billion, a PE ratio of -24.74 and a beta of 1.38. The firm’s fifty day moving average is $101.13 and its 200 day moving average is $107.99. Rapid7, Inc. has a one year low of $63.24 and a one year high of $145.00.

Rapid7 (NASDAQ:RPDGet Rating) last released its quarterly earnings results on Wednesday, May 4th. The technology company reported ($0.16) EPS for the quarter, meeting the consensus estimate of ($0.16). The firm had revenue of $157.00 million for the quarter, compared to analyst estimates of $154.15 million. The firm’s quarterly revenue was up 33.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.42) EPS. Research analysts predict that Rapid7, Inc. will post -2.02 EPS for the current year.

Rapid7 Profile (Get Rating)

Rapid7, Inc provides cyber security solutions. The company offers a cloud-native insight platform that enables customers to create and manage analytics-driven cyber security risk management programs. Its platform includes InsightIDR, an incident detection and response solution; InsightCloudSec, a solution that integrates posture management, workload protection, infrastructure entitlements management, infrastructure-as-code security, and Kubernetes protection; InsightVM, a vulnerability risk management solution that is designed to provide a way to collect vulnerability data, prioritize risk, and automate remediation; InsightAppSec, which provides application security testing that analyzes web applications for security vulnerabilities; and InsightConnect, a security orchestration and automation response solution that is used by security professionals.

See Also

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Institutional Ownership by Quarter for Rapid7 (NASDAQ:RPD)

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