Rapid7, Inc. (NASDAQ:RPD) Shares Sold by Heritage Investors Management Corp

Heritage Investors Management Corp decreased its holdings in Rapid7, Inc. (NASDAQ:RPD) by 17.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,545 shares of the technology company’s stock after selling 21,184 shares during the period. Heritage Investors Management Corp’s holdings in Rapid7 were worth $3,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of RPD. Geode Capital Management LLC grew its stake in Rapid7 by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,462,007 shares of the technology company’s stock worth $58,330,000 after purchasing an additional 15,287 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Rapid7 by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 511,088 shares of the technology company’s stock valued at $20,387,000 after buying an additional 9,190 shares during the period. Thematics Asset Management boosted its stake in shares of Rapid7 by 33.0% in the 3rd quarter. Thematics Asset Management now owns 399,000 shares of the technology company’s stock valued at $15,916,000 after buying an additional 99,000 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Rapid7 by 259.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 288,965 shares of the technology company’s stock worth $11,625,000 after buying an additional 208,501 shares in the last quarter. Finally, 272 Capital LP increased its stake in shares of Rapid7 by 33.4% during the third quarter. 272 Capital LP now owns 215,287 shares of the technology company’s stock worth $8,588,000 after buying an additional 53,849 shares during the period. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Insider Transactions at Rapid7

In other Rapid7 news, CEO Corey E. Thomas sold 100,000 shares of Rapid7 stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $39.38, for a total transaction of $3,938,000.00. Following the sale, the chief executive officer now owns 431,469 shares of the company’s stock, valued at $16,991,249.22. The trade was a 18.82 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.

Rapid7 Stock Down 1.9 %

Shares of RPD opened at $30.20 on Thursday. Rapid7, Inc. has a 52-week low of $30.13 and a 52-week high of $59.43. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 77.44 and a beta of 0.96. The business’s 50 day moving average is $37.97 and its two-hundred day moving average is $38.63.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.38). Rapid7 had a negative return on equity of 130.41% and a net margin of 3.46%. On average, equities analysts expect that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RPD has been the topic of a number of recent analyst reports. UBS Group dropped their price objective on shares of Rapid7 from $52.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Stifel Nicolaus dropped their target price on Rapid7 from $42.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. JPMorgan Chase & Co. decreased their price target on Rapid7 from $42.00 to $40.00 and set a “neutral” rating for the company in a report on Tuesday, February 11th. Citigroup dropped their price objective on Rapid7 from $46.00 to $44.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Finally, DA Davidson raised their target price on Rapid7 from $35.00 to $39.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Fifteen equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $41.22.

Rapid7 Company Profile

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.