Rapid7 (NASDAQ:RPD) Director Michael J. Berry sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, June 5th. The stock was sold at an average price of $32.67, for a total value of $1,960,200.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Shares of Rapid7 traded down $1.26, reaching $32.05, during mid-day trading on Thursday, according to MarketBeat Ratings. 326,200 shares of the company’s stock were exchanged, compared to its average volume of 434,517. The firm has a market cap of $1.51 billion, a P/E ratio of -30.52 and a beta of 0.92. Rapid7 has a twelve month low of $14.74 and a twelve month high of $33.70.
Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Tuesday, May 8th. The technology company reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.02. The company had revenue of $54.52 million for the quarter, compared to analyst estimates of $52.23 million. Rapid7 had a negative return on equity of 122.32% and a negative net margin of 24.40%. Rapid7’s revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.14) earnings per share. analysts anticipate that Rapid7 will post -0.97 EPS for the current fiscal year.
A number of brokerages have issued reports on RPD. Rosenblatt Securities restated a “buy” rating and set a $37.00 target price on shares of Rapid7 in a report on Thursday, May 10th. Needham & Company LLC raised their target price on Rapid7 from $33.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, May 10th. Barclays restated a “buy” rating and set a $36.00 target price on shares of Rapid7 in a report on Thursday, May 10th. ValuEngine upgraded Rapid7 from a “buy” rating to a “strong-buy” rating in a report on Wednesday, May 9th. Finally, Stifel Nicolaus raised their price target on Rapid7 from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Wednesday, May 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $31.07.
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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