Wesbanco Bank Inc. Has $885,000 Holdings in Rapid7 Inc (RPD)

Wesbanco Bank Inc. reduced its position in shares of Rapid7 Inc (NASDAQ:RPD) by 40.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,401 shares of the technology company’s stock after selling 18,961 shares during the quarter. Wesbanco Bank Inc. owned 0.06% of Rapid7 worth $885,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in RPD. Ibex Investors LLC purchased a new stake in shares of Rapid7 during the 3rd quarter valued at about $210,000. People s United Financial Inc. purchased a new stake in shares of Rapid7 during the 3rd quarter valued at about $259,000. Harvest Fund Management Co. Ltd boosted its holdings in shares of Rapid7 by 598.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 8,918 shares of the technology company’s stock valued at $329,000 after acquiring an additional 7,642 shares during the last quarter. Wade G W & Inc. boosted its holdings in shares of Rapid7 by 12.6% during the 4th quarter. Wade G W & Inc. now owns 8,937 shares of the technology company’s stock valued at $278,000 after acquiring an additional 1,000 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of Rapid7 by 4.2% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 15,204 shares of the technology company’s stock valued at $474,000 after acquiring an additional 619 shares during the last quarter. Institutional investors and hedge funds own 84.89% of the company’s stock.

Shares of RPD traded up $0.41 on Monday, reaching $44.90. The company’s stock had a trading volume of 13,181 shares, compared to its average volume of 646,893. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 1.85. The company has a market cap of $2.12 billion, a price-to-earnings ratio of -44.60 and a beta of 1.14. Rapid7 Inc has a 12-month low of $21.33 and a 12-month high of $45.17.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Thursday, February 7th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.04. The company had revenue of $70.64 million for the quarter, compared to the consensus estimate of $66.66 million. Rapid7 had a negative net margin of 22.76% and a negative return on equity of 59.16%. The firm’s revenue was up 22.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.17) earnings per share. As a group, analysts predict that Rapid7 Inc will post -0.58 EPS for the current fiscal year.

In other Rapid7 news, insider Lee David Weiner sold 5,580 shares of Rapid7 stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $31.78, for a total transaction of $177,332.40. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Peter Kaes sold 9,809 shares of Rapid7 stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $38.00, for a total transaction of $372,742.00. The disclosure for this sale can be found here. In the last three months, insiders sold 53,769 shares of company stock worth $1,841,911. 25.60% of the stock is currently owned by insiders.

A number of brokerages have recently issued reports on RPD. Morgan Stanley set a $42.00 price target on shares of Rapid7 and gave the company a “hold” rating in a report on Friday. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target (up previously from $42.00) on shares of Rapid7 in a report on Friday. DA Davidson raised their price target on shares of Rapid7 to $40.00 and gave the company a “neutral” rating in a report on Friday. They noted that the move was a valuation call. Monness Crespi & Hardt reaffirmed a “buy” rating and set a $49.00 price target (up previously from $41.00) on shares of Rapid7 in a report on Friday. Finally, Zacks Investment Research downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a report on Wednesday, February 6th. Three equities research analysts have rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. Rapid7 presently has a consensus rating of “Buy” and a consensus price target of $41.43.

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About Rapid7

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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Institutional Ownership by Quarter for Rapid7 (NASDAQ:RPD)

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