Rapid7, Inc. (NASDAQ:RPD) Shares Raised by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in Rapid7, Inc. (NASDAQ:RPD – Free Report) by 7,688.6% in the second quarter, HoldingsChannel reports. The institutional investor owned 165,196 shares of the technology company’s stock after acquiring an additional 163,075 shares during the period. SG Americas Securities LLC’s holdings in Rapid7 were worth $7,141,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Harbor Capital Advisors Inc. boosted its holdings in shares of Rapid7 by 111.5% in the second quarter. Harbor Capital Advisors Inc. now owns 13,610 shares of the technology company’s stock worth $588,000 after acquiring an additional 7,175 shares during the period. Virtu Financial LLC grew its stake in Rapid7 by 7.1% in the first quarter. Virtu Financial LLC now owns 5,198 shares of the technology company’s stock valued at $255,000 after purchasing an additional 346 shares during the period. Comerica Bank boosted its stake in Rapid7 by 1.1% in the first quarter. Comerica Bank now owns 25,356 shares of the technology company’s stock valued at $1,243,000 after buying an additional 281 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Rapid7 by 3.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 503,468 shares of the technology company’s stock valued at $24,691,000 after purchasing an additional 18,907 shares during the period. Finally, CANADA LIFE ASSURANCE Co raised its stake in Rapid7 by 37.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 185,781 shares of the technology company’s stock valued at $9,102,000 after purchasing an additional 50,603 shares during the period. 95.66% of shares are currently owned by institutional investors.

Rapid7 stock performance

Shares of NASDAQ:RPD traded down $0.61 during midday trading on Friday, reaching $36.16. 472,018 shares of the stock exchanged hands, compared to its average volume of 829,806. Rapid7, Inc. it has a 52 week low of $32.94 and a 52 week high of $61.88. The company’s fifty day simple moving average is $38.68 and two hundred day simple moving average is $45.61. The company has a market cap of $2.25 billion, a PE ratio of -17.64 and a beta of 0.98.

Rapid7 (NASDAQ:RPD – Get Your Free Report ) last announced its quarterly earnings data on Tuesday, August 6th. The technology company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.06. Rapid7 had a negative return on equity of 58.27% and a negative net margin of 5.64%. The business had revenue of $207.99 million during the quarter, compared to analyst estimates of $204.04 million. During the same period last year, the company earned ($0.33) earnings per share. Rapid7’s quarterly revenue was up 9.2% compared to the same quarter last year. As a group, equities analysts anticipate that Rapid7, Inc. it will show 0.75 EPS for the current year.

The Wall Street analyst weighs in

Several equities analysts have commented on the stock. Morgan Stanley reissued an “equal weight” rating and set a $46.00 target price on shares of Rapid7 in a research note on Wednesday, July 10th. Scotiabank dropped their target price on shares of Rapid7 from $45.00 to $41.00 and set a “sector perform” rating on the stock in a report on Wednesday. Citigroup dropped their target price on shares of Rapid7 from $65.00 to $52.00 and set a “buy” rating on the stock in a report on Wednesday, May 8th. Mizuho cut their price objective on Rapid7 from $62.00 to $47.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Finally, UBS Group decreased their price objective on Rapid7 from $65.00 to $59.00 and set a “buy” rating for the company in a research note on Wednesday. Thirteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Rapid7 currently has a consensus rating of “Hold” and an average price target of $46.75.

Read our latest research report on DPR

Quick Profile7

(Free report)

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

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