Scott Murphy Sells 826 Shares of Rapid7 (NASDAQ:RPD) Stock

Rapid7, Inc. (NASDAQ:RPD) CAO Scott Murphy sold 826 shares of the company’s stock in a transaction dated Wednesday, October 22nd. The stock was sold at an average price of $19.10, for a total transaction of $15,776.60. Following the completion of the sale, the chief accounting officer owned 26,422 shares in the company, valued at $504,660.20. This represents a 3.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Rapid7 Trading Up 1.4%

RPD opened at $19.18 on Friday. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.36 and a quick ratio of 1.36. Rapid7, Inc. has a fifty-two week low of $17.75 and a fifty-two week high of $44.48. The firm has a market capitalization of $1.24 billion, a PE ratio of 46.78 and a beta of 0.92. The company’s 50-day moving average is $19.58 and its 200 day moving average is $21.86.

Rapid7 (NASDAQ:RPD) last posted its earnings results on Thursday, August 7th. The technology company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.14. Rapid7 had a net margin of 3.41% and a return on equity of 149.12%. The company had revenue of $214.19 million for the quarter, compared to analyst estimates of $212.17 million. During the same quarter in the prior year, the business posted $0.58 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year. Rapid7 has set its FY 2025 guidance at 1.900-2.030 EPS. Q3 2025 guidance at 0.440-0.470 EPS. As a group, research analysts predict that Rapid7, Inc. will post 0.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group set a $27.00 target price on shares of Rapid7 and gave the stock a “buy” rating in a report on Friday, August 8th. Stifel Nicolaus reduced their price objective on shares of Rapid7 from $29.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, August 8th. UBS Group reduced their price objective on shares of Rapid7 from $34.00 to $29.00 and set a “buy” rating for the company in a research report on Tuesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Rapid7 in a research report on Tuesday, October 14th. Finally, Scotiabank reduced their price objective on shares of Rapid7 from $29.00 to $20.00 and set a “sector perform” rating for the company in a research report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, thirteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RPD. Asset Management One Co. Ltd. grew its position in shares of Rapid7 by 4.2% during the 1st quarter. Asset Management One Co. Ltd. now owns 125,093 shares of the technology company’s stock valued at $3,316,000 after acquiring an additional 5,057 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Rapid7 by 18.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 10,548 shares of the technology company’s stock valued at $291,000 after acquiring an additional 1,648 shares during the period. New York State Teachers Retirement System bought a new position in shares of Rapid7 during the 1st quarter valued at approximately $29,000. Teacher Retirement System of Texas grew its position in shares of Rapid7 by 24.1% during the 1st quarter. Teacher Retirement System of Texas now owns 54,091 shares of the technology company’s stock valued at $1,434,000 after acquiring an additional 10,487 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Rapid7 by 1.1% during the 1st quarter. Principal Financial Group Inc. now owns 54,915 shares of the technology company’s stock valued at $1,456,000 after acquiring an additional 609 shares during the period. 95.66% of the stock is owned by institutional investors.

About Rapid7

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.