The 15,000 Shares of Stock are sold by Rapid7 Inc. (RPD) Insider Lee David Weiner

The 15,000 Shares of Stock are sold by Rapid7 Inc. (RPD) Insider Lee David Weiner

Rapid7 Inc. (NASDAQ:RPD) insider Lee David Weiner sold 15,000 shares of the company’s stock in a transaction on Monday, October 10th. The shares were sold at an average price of $16.72, for a total value of $250,800.00. Following the completion of the transaction, the insider now directly owns 44,843 shares in the company, valued at approximately $749,774.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Lee David Weiner also recently made the following trade(s): On Wednesday, September 7th, Lee David Weiner sold 15,000 shares of Rapid7 stock. The shares were sold at an average price of $18.29, for a total value of $274,350.00.

Rapid7 Inc. (NASDAQ:RPD) opened at 15.42 on Friday. Rapid7 Inc. has a 12-month low of $9.05 and a 12-month high of $22.14. The stock’s market capitalization is $626.56 million. The stock’s 50 day moving average is $17.32 and its 200 day moving average is $14.30.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.22) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.02. Rapid7 had a negative net margin of 46.51% and a negative return on equity of 100.88%. The business had revenue of $37.30 million for the quarter, compared to analyst estimates of $36.29 million. During the same period in the prior year, the business posted ($0.61) earnings per share. Rapid7’s revenue was up 44.6% compared to the same quarter last year. Analysts forecast that Rapid7 Inc. will post ($0.90) EPS for the current year.

A number of institutional investors have recently made changes to their positions in RPD. State Street Corp raised its position in shares of Rapid7 by 3.0% in the first quarter. State Street Corp now owns 101,644 shares of the company’s stock valued at $1,328,000 after buying an additional 2,962 shares in the last quarter. Cutler Group LP acquired a new position in shares of Rapid7 during the third quarter valued at $104,000. American International Group Inc. raised its position in shares of Rapid7 by 143.8% in the second quarter. American International Group Inc. now owns 11,455 shares of the company’s stock valued at $144,000 after buying an additional 6,756 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Rapid7 by 4.1% in the second quarter. JPMorgan Chase & Co. now owns 175,384 shares of the company’s stock valued at $2,206,000 after buying an additional 6,897 shares in the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Rapid7 by 160.1% in the second quarter. Nationwide Fund Advisors now owns 12,737 shares of the company’s stock valued at $160,000 after buying an additional 7,840 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.

Several research firms have weighed in on RPD. Zacks Investment Research upgraded shares of Rapid7 from a “sell” rating to a “hold” rating in a research report on Wednesday. Cowen and Company reiterated a “buy” rating on shares of Rapid7 in a research report on Sunday, June 26th. Rosenblatt Securities began coverage on shares of Rapid7 in a research report on Friday, August 26th. They set a “buy” rating and a $23.00 price objective on the stock. Finally, Barclays PLC set a $17.00 price objective on shares of Rapid7 and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Rapid7 has a consensus rating of “Buy” and a consensus price target of $19.60.

Rapid7 Company Profile

Related posts

Leave a Comment