Susquehanna Cuts Rapid7 (NASDAQ:RPD) Price Target to $40.00

Rapid7 (NASDAQ:RPDGet Free Report) had its target price reduced by equities researchers at Susquehanna from $55.00 to $40.00 in a report released on Monday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Susquehanna’s target price would indicate a potential upside of 5.68% from the stock’s current price.

RPD has been the subject of a number of other reports. Truist Financial dropped their target price on Rapid7 from $50.00 to $45.00 and set a “hold” rating for the company in a report on Wednesday, May 8th. Robert W. Baird reduced their price target on shares of Rapid7 from $62.00 to $56.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 8th. UBS Group cut their price target on Rapid7 from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Barclays decreased their price objective on Rapid7 from $60.00 to $49.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 8th. Finally, JPMorgan Chase & Co. cut their target price on Rapid7 from $61.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Rapid7 presently has an average rating of “Hold” and a consensus price target of $51.73.

View Our Latest Stock Analysis on RPD

Rapid7 Stock Down 0.2 %

NASDAQ:RPD opened at $37.85 on Monday. The firm has a market capitalization of $2.36 billion, a PE ratio of -18.46 and a beta of 1.01. Rapid7 has a 12-month low of $35.22 and a 12-month high of $61.88. The firm has a 50-day moving average price of $48.21 and a 200 day moving average price of $52.59.

Insider Activity at Rapid7

In related news, COO Andrew F. Burton sold 20,653 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $48.73, for a total value of $1,006,420.69. Following the completion of the transaction, the chief operating officer now owns 236,841 shares of the company’s stock, valued at approximately $11,541,261.93. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Rapid7 news, COO Andrew F. Burton sold 20,653 shares of the company’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $48.73, for a total value of $1,006,420.69. Following the completion of the transaction, the chief operating officer now owns 236,841 shares of the company’s stock, valued at approximately $11,541,261.93. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Andrew F. Burton sold 31,727 shares of Rapid7 stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $53.07, for a total value of $1,683,751.89. Following the sale, the chief operating officer now directly owns 257,494 shares in the company, valued at $13,665,206.58. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by insiders.

Institutional Trading of Rapid7

A number of institutional investors and hedge funds have recently bought and sold shares of RPD. Fidelis Capital Partners LLC bought a new stake in shares of Rapid7 in the 1st quarter valued at about $36,000. Mather Group LLC. acquired a new position in shares of Rapid7 in the first quarter worth approximately $42,000. International Assets Investment Management LLC lifted its stake in shares of Rapid7 by 3,367.9% in the fourth quarter. International Assets Investment Management LLC now owns 971 shares of the technology company’s stock worth $55,000 after acquiring an additional 943 shares during the period. Financial Connections Group Inc. acquired a new stake in Rapid7 during the 4th quarter valued at approximately $95,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Rapid7 during the first quarter worth $83,000. 95.66% of the stock is currently owned by institutional investors and hedge funds.

Rapid7 Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Rapid7 (NASDAQ:RPD)

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