Rapid7 Inc (NASDAQ:RPD) CFO Jeffrey Kalowski sold 37,500 shares of Rapid7 stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $53.73, for a total transaction of $2,014,875.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

NASDAQ:RPD opened at $53.71 on Wednesday. Rapid7 Inc has a 12 month low of $26.27 and a 12 month high of $66.01. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of -53.18 and a beta of 1.18. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 2.87. The company’s 50 day moving average is $59.78 and its 200-day moving average is $52.67.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.02 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.26. Rapid7 had a negative net margin of 17.63% and a negative return on equity of 39.52%. The company had revenue of $78.96 million for the quarter, compared to analyst estimates of $75.14 million. During the same quarter last year, the firm posted ($0.13) earnings per share. The company’s quarterly revenue was up 35.1% compared to the same quarter last year. Research analysts predict that Rapid7 Inc will post -0.62 EPS for the current fiscal year.

RPD has been the subject of a number of analyst reports. BTIG Research lifted their target price on shares of Rapid7 to $62.00 and gave the company a “positive” rating in a research note on Friday, May 3rd. DA Davidson lifted their target price on shares of Rapid7 to $52.00 and gave the company a “neutral” rating in a research note on Monday, May 6th. BidaskClub cut shares of Rapid7 from a “buy” rating to a “hold” rating in a research note on Saturday. Nomura initiated coverage on shares of Rapid7 in a research note on Friday, June 28th. They issued a “buy” rating and a $70.00 target price for the company. Finally, Royal Bank of Canada lifted their target price on shares of Rapid7 to $70.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Four investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $62.24.

Hedge funds have recently made changes to their positions in the stock. Harvest Group Wealth Management LLC bought a new position in Rapid7 during the first quarter worth $25,000. Private Capital Group LLC increased its holdings in Rapid7 by 80.4% in the 1st 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 period. Signaturefd LLC bought a new stake in Rapid7 in the 2nd quarter valued at $46,000. FNY Investment Advisers LLC bought a new stake in Rapid7 in the 2nd quarter valued at $57,000. Finally, Ladenburg Thalmann Financial Services Inc. increased its holdings in Rapid7 by 26.4% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,038 shares of the technology company’s stock valued at $61,000 after buying an additional 217 shares during the period. 88.88% of the stock is currently owned by institutional investors and hedge funds.

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.

Read More: The role of implied volatility with call option volume

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

Receive News & Ratings for Rapid7 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rapid7 and related companies with MarketBeat.com's FREE daily email newsletter.