The most recent Form 13F filing with the SEC that the company submitted revealed that during the third quarter, Trust Financial Corporation reduced its position in Rapid7, Inc. (NASDAQ: RPD). The company now has a total holding of 55,766 shares of the stock held by the technology company after selling 7,307 shares during the quarter. This brings the company’s total number of shares owned by the technology company to 55,766. At the end of the most recent fiscal quarter, Trust Financial Corporation held approximately 0.10 percent of Rapid7, which had a value of $2,393,000.
Recently, several additional institutional investors have also changed the proportion of their assets allocated to the company. These changes were made in response to recent events. In the second quarter, Frontier Capital Management Co. LLC increased 606.9% in the proportion of Rapid7 stock it owned. Frontier Capital Management Co. LLC now has a total of 79,665 shares of the technology company’s stock after purchasing an additional 68,396 shares during the most recent fiscal quarter. This brings the company’s total number of shares to 79,665. There is a value of $5,322,000 attached to these shares. Aigen Investment Management LP spent a total of $325,000 during the second quarter of 2018 to acquire an additional holding in Rapid7. Envestnet Asset Management Inc. added 1.7% more Rapid7 stock to its portfolio over the second fiscal quarter. Envestnet Asset Management Inc. presently holds a total of 101,893 shares of the technology company’s stock, which gives it a market value of $6,806,000. This is because the company purchased 1,732 additional shares during the most recent fiscal quarter. The Massachusetts Financial Services Co., MA, increased the percentage of Rapid7 stock owned by 3.5% during the second quarter of 2018. Following the acquisition of an additional 33,067 shares during the most recent quarter, Massachusetts Financial Services Co., MA, now holds 982,931 shares of the technology company’s stock. These shares have a current value of $65,659,000, and the company’s holdings are worth $65,659,000.
Last but not least, during the second quarter of this year, Chartwell Investment Partners LLC increased the percentage of Rapid7 shares it owned by 8.1%. Chartwell Investment Partners LLC now holds a total of 87,022 shares of the technology company’s stock, which have a value of $5,813,000. This resulted from the acquisition of 6,556 additional shares during the preceding quarter. The vast majority of the company’s stock (97.91%) is owned by institutional investors who have purchased large blocks of shares.
When trading started on Monday, the price of a share of RPD was $33.92 per share. Rapid7, Inc.’s moving average price over the previous 50 days is $31.93, and the moving average price over the previous 200 days is $47.83. During that period, the company’s share price reached an all-time low of $26.49 and an all-time high of $118.25 on the market. In addition to having a beta value of 1.16, the company’s stock has a price-to-earnings ratio of -12.38, giving it a market value of $2.01 billion.
The most recent earnings report for Rapid7, whose stock is traded on the NASDAQ using the ticker symbol RPD, was released on November 2. Earnings per share for the quarter reported by the technology company came in at $0.39, which was $0.06 higher than the consensus estimate of $0.45. However, the company could only bring in revenue totaling $175.77 million during the quarter, even though analysts predicted it would bring in revenue totaling $176.13 million. Rapid7, Inc. is expected to report a loss in revenue of 1.86 cents per share for the current fiscal year, according to the forecasts of the analysts who cover the stock market.
Several different brokerage firms have produced recent research on RPD. These papers are available on their respective websites. The research note that prompted Berenberg Bank to begin covering Rapid7 shares was written on October 20 and published that day. They recommended to shareholders that they “hold” their shares and provided a price objective for the company of $44.00 per share. In a research note distributed on December 8, Mizuho lowered their price objective for Rapid7 shares from $45.00 to $40.00 and categorized the company as “neutral.” BTIG Research started providing coverage of Rapid7 shares in a research note that was released on September 23, the same day the note was published. While evaluating the company, they decided to give it a ” neutral rating.” On Saturday, November 5, the “sell” recommendation that had previously been placed on Rapid7 shares by StockNews.com was changed to a “hold” rating instead of being left unchanged. Barclays lowered their price objective for Rapid7 from $40.00 to $37.00 in a research note published on January 4. In addition, the company moved the business from “overweight” to “equal weight” in its classification system. Eight research analysts have recommended purchasing shares of the company, while twelve research analysts have recommended holding onto shares of the company. The company’s stock has been assigned the rating of “Hold,” and the price target has been established at $62.53, as indicated by information provided by Bloomberg.
According to reports from other sources regarding Rapid7, Inc., Chief Executive Officer Corey E. Thomas sold 41,619 shares on Friday, November 18. This transaction was made public. The purchase of each share occurred at an average price of $28.40 throughout the sale, which resulted in the total value of the transaction being $1,181,979.60. After the completion of the transaction, the CEO is now the owner of 428,074 company shares, which have a value of $12,157,301.60. This page contains the filing containing the information about the transaction provided to the Securities and Exchange Commission (SEC). You can access the filing by clicking here. Timothy M. Adams, who serves as the company’s Chief Financial Officer, purchased 2,500 shares of the company’s stock on Monday, December 5, according to some other recent developments. It was determined that the average price per share was thirty dollars, and the total amount paid to acquire them was seventy-five thousand dollars. Because of this transaction, the chief financial officer now has a direct ownership stake in 109,294 shares of the company’s stock, which have a value of $3,278,820. This gives the CFO a total ownership stake in the company of $3,278.820. A copy of the official paperwork used to disclose the acquisition can be found on the Securities and Exchange Commission (SEC) website.
On top of that, Chief Executive Officer Corey E. Thomas sold 41,619 company stock on Friday, November 18. The purchase of each share occurred at an average price of $28.40 throughout the sale, which resulted in the total value of the transaction being $1,181,979.60. After the completion of the transaction, the CEO is now the owner of 428,074 company shares worth a total of $12,157,301.60. Disclosures that are related to the sale might be found in this section of the website. Recent transactions carried out by members of the company’s management team resulted in the sale of 124,857 shares, which had a combined value of $3,923,423. Company insiders own 2.80% of the total shares currently outstanding.
Rapid7, Inc. is the name of a company that is in the business of providing various solutions connected to the cyber security field. With the assistance of the cloud-native insight platform that the company provides, customers can design and administer analytics-driven cyber security risk management programs. This is possible thanks to the company’s offering. InsightVM is a vulnerability and risk management solution that collects vulnerability data, prioritizes risk, and automates remediation. InsightIDR is a solution for incident detection and response. InsightCloudSec is a solution that integrates posture management, workload protection, infrastructure entitlements management, infrastructure-as-code security, and Kubernetes protection. InsightAppSec is a solution for application security. InsightVM is a tool for vulnerability and risk management. The platform provides access to each of these potential solutions. Ins