Alliancebernstein L.P. lifted its position in shares of Rapid7, Inc. (NASDAQ:RPD) by 39.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,500 shares of the technology company’s stock after acquiring an additional 8,700 shares during the period. Alliancebernstein L.P. owned approximately 0.07% of Rapid7 worth $513,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Swiss National Bank boosted its stake in shares of Rapid7 by 21.5% during the 1st quarter. Swiss National Bank now owns 24,300 shares of the technology company’s stock worth $364,000 after acquiring an additional 4,300 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Rapid7 by 144.8% during the 1st quarter. JPMorgan Chase & Co. now owns 39,171 shares of the technology company’s stock worth $586,000 after acquiring an additional 23,173 shares during the last quarter. American International Group Inc. boosted its stake in shares of Rapid7 by 7.1% during the 1st quarter. American International Group Inc. now owns 12,257 shares of the technology company’s stock worth $184,000 after acquiring an additional 815 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Rapid7 by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 1,341,474 shares of the technology company’s stock valued at $20,096,000 after buying an additional 60,337 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Rapid7 by 6.9% during the 1st quarter. Geode Capital Management LLC now owns 150,390 shares of the technology company’s stock valued at $2,252,000 after buying an additional 9,667 shares in the last quarter. 71.80% of the stock is owned by institutional investors.
In other news, Chairman Alan Matthews sold 20,000 shares of the stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $20.00, for a total value of $400,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Lee David Weiner sold 21,000 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $16.64, for a total transaction of $349,440.00. Following the completion of the sale, the insider now owns 77,212 shares in the company, valued at approximately $1,284,807.68. The disclosure for this sale can be found here. Insiders have sold a total of 134,895 shares of company stock worth $2,379,911 in the last 90 days. 56.90% of the stock is currently owned by company insiders.
Shares of Rapid7, Inc. (NASDAQ RPD) opened at $19.36 on Tuesday. Rapid7, Inc. has a 52-week low of $11.26 and a 52-week high of $20.25.
Rapid7 (NASDAQ:RPD) last posted its earnings results on Tuesday, November 7th. The technology company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.02. Rapid7 had a negative net margin of 22.44% and a negative return on equity of 115.79%. The company had revenue of $50.50 million during the quarter, compared to analysts’ expectations of $49.87 million. During the same quarter in the prior year, the company posted ($0.13) earnings per share. Rapid7’s revenue for the quarter was up 25.3% compared to the same quarter last year. analysts predict that Rapid7, Inc. will post -1.03 earnings per share for the current fiscal year.
A number of research analysts recently weighed in on RPD shares. Zacks Investment Research cut shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. KeyCorp reiterated a “buy” rating and issued a $25.00 price target on shares of Rapid7 in a research note on Friday, October 6th. BidaskClub cut shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. ValuEngine downgraded shares of Rapid7 from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, UBS AG upgraded shares of Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 target price on the stock in a report on Tuesday, August 8th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $20.83.
Rapid7 Company Profile
Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.
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