Rapid7 Inc (NASDAQ:RPD) shot up 6.3% during mid-day trading on Thursday . The company traded as high as $32.74 and last traded at $32.61. 636,623 shares were traded during trading, an increase of 30% from the average session volume of 490,121 shares. The stock had previously closed at $30.68.

A number of research firms have recently issued reports on RPD. Zacks Investment Research lowered shares of Rapid7 from a “buy” rating to a “hold” rating in a report on Thursday, November 15th. Berenberg Bank began coverage on shares of Rapid7 in a research report on Thursday, November 29th. They set a “buy” rating and a $41.00 price objective on the stock. BidaskClub downgraded shares of Rapid7 from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 7th. Morgan Stanley set a $35.00 price objective on shares of Rapid7 and gave the company a “hold” rating in a research report on Wednesday, November 7th. Finally, Monness Crespi & Hardt boosted their price objective on shares of Rapid7 from $38.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, November 7th. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $36.13.

The company has a debt-to-equity ratio of 1.85, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $1.45 billion, a P/E ratio of -31.06 and a beta of 0.98.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, November 6th. The technology company reported ($0.20) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.05. Rapid7 had a negative net margin of 23.83% and a negative return on equity of 76.86%. The company had revenue of $62.40 million during the quarter, compared to the consensus estimate of $59.50 million. During the same period in the previous year, the firm posted ($0.15) earnings per share. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. On average, equities analysts anticipate that Rapid7 Inc will post -1.02 EPS for the current fiscal year.

In other news, insider Lee David Weiner sold 5,580 shares of the business’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $31.78, for a total value of $177,332.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Benjamin Nye sold 2,182,713 shares of the business’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $33.00, for a total transaction of $72,029,529.00. The disclosure for this sale can be found here. Insiders sold 2,411,285 shares of company stock valued at $80,480,656 over the last 90 days. 25.60% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of RPD. Wells Fargo & Company MN raised its stake in shares of Rapid7 by 40.3% in the 2nd quarter. Wells Fargo & Company MN now owns 739,176 shares of the technology company’s stock valued at $20,858,000 after buying an additional 212,146 shares in the last quarter. First Trust Advisors LP acquired a new position in shares of Rapid7 in the 2nd quarter valued at $4,290,000. Sei Investments Co. acquired a new position in shares of Rapid7 in the 2nd quarter valued at $1,108,000. Engineers Gate Manager LP raised its stake in shares of Rapid7 by 8.6% in the 2nd quarter. Engineers Gate Manager LP now owns 55,102 shares of the technology company’s stock valued at $1,555,000 after buying an additional 4,371 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Rapid7 by 40.9% in the 2nd quarter. Rhumbline Advisers now owns 34,349 shares of the technology company’s stock valued at $969,000 after buying an additional 9,963 shares in the last quarter. Institutional investors and hedge funds own 83.43% of the company’s stock.

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About Rapid7 (NASDAQ:RPD)

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enables 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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