Thematics Asset Management Has $15.97 Million Holdings in Rapid7, Inc. (NASDAQ:RPD)

Thematics Asset Management trimmed its position in shares of Rapid7, Inc. (NASDAQ:RPD) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 397,000 shares of the technology company’s stock after selling 2,000 shares during the quarter. Thematics Asset Management owned 0.63% of Rapid7 worth $15,971,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. MetLife Investment Management LLC lifted its position in Rapid7 by 5.8% in the 4th quarter. MetLife Investment Management LLC now owns 37,787 shares of the technology company’s stock valued at $1,520,000 after acquiring an additional 2,066 shares in the last quarter. Ostrum Asset Management raised its stake in shares of Rapid7 by 45.3% in the fourth quarter. Ostrum Asset Management now owns 2,478 shares of the technology company’s stock worth $100,000 after purchasing an additional 772 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Rapid7 in the fourth quarter worth approximately $4,099,000. First Trust Advisors LP lifted its holdings in shares of Rapid7 by 6.8% in the fourth quarter. First Trust Advisors LP now owns 1,255,731 shares of the technology company’s stock valued at $50,518,000 after purchasing an additional 79,836 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Rapid7 by 7.8% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 305,357 shares of the technology company’s stock valued at $12,284,000 after buying an additional 22,043 shares during the last quarter. 95.66% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Christina Luconi sold 12,551 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $23.12, for a total transaction of $290,179.12. Following the transaction, the insider now directly owns 58,165 shares in the company, valued at approximately $1,344,774.80. This represents a 17.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Corey E. Thomas sold 100,000 shares of Rapid7 stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 431,469 shares in the company, valued at $16,991,249.22. This trade represents a 18.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. DA Davidson lowered their price target on Rapid7 from $35.00 to $29.00 and set a “neutral” rating for the company in a research report on Tuesday, March 25th. UBS Group dropped their price target 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 reduced their price objective on shares of Rapid7 from $42.00 to $38.00 and set a “hold” rating for the company in a research report on Thursday, February 13th. Robert W. Baird dropped their target price on shares of Rapid7 from $43.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, February 13th. Finally, Citigroup reduced their target price on Rapid7 from $46.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Fifteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $37.32.

Rapid7 Price Performance

NASDAQ RPD opened at $22.56 on Friday. The company’s 50 day simple moving average is $28.12 and its two-hundred day simple moving average is $35.95. The stock has a market capitalization of $1.44 billion, a PE ratio of 57.85 and a beta of 0.99. Rapid7, Inc. has a 1 year low of $22.08 and a 1 year high of $46.96.

Rapid7 (NASDAQ:RPD) last posted 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, research analysts anticipate that Rapid7, Inc. will post 0.35 EPS for the current year.

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.