Skandinaviska Enskilda Banken AB publ Buys 455 Shares of Rapid7, Inc. (NASDAQ:RPD)

Skandinaviska Enskilda Banken AB publ grew its stake in Rapid7, Inc. (NASDAQ:RPD) by 68.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,116 shares of the technology company’s stock after purchasing an additional 455 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Rapid7 were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new stake in Rapid7 during the 4th quarter worth approximately $12,050,000. Harbor Capital Advisors Inc. grew its position in Rapid7 by 259.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 288,965 shares of the technology company’s stock worth $11,625,000 after acquiring an additional 208,501 shares during the last quarter. Invenomic Capital Management LP bought a new stake in Rapid7 during the 3rd quarter worth approximately $6,647,000. Thematics Asset Management grew its position in Rapid7 by 33.0% during the 3rd quarter. Thematics Asset Management now owns 399,000 shares of the technology company’s stock worth $15,916,000 after acquiring an additional 99,000 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Rapid7 by 102.3% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 187,500 shares of the technology company’s stock worth $7,479,000 after acquiring an additional 94,800 shares during the last quarter. 95.66% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on RPD. Needham & Company LLC reaffirmed a “hold” rating on shares of Rapid7 in a report on Thursday, February 13th. Truist Financial reduced their price objective on Rapid7 from $38.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, February 13th. UBS Group reduced their price objective on Rapid7 from $52.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. StockNews.com raised Rapid7 from a “hold” rating to a “buy” rating in a report on Friday, February 21st. Finally, Morgan Stanley began coverage on Rapid7 in a report on Tuesday. They set an “equal weight” rating and a $33.00 price objective on the stock. Fifteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.50.

Rapid7 Trading Down 0.2 %

Shares of Rapid7 stock opened at $29.05 on Wednesday. The company has a market capitalization of $1.86 billion, a PE ratio of 74.49 and a beta of 0.92. Rapid7, Inc. has a 12 month low of $26.77 and a 12 month high of $51.99. The stock’s fifty day simple moving average is $34.75 and its 200 day simple moving average is $37.75.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.38). Rapid7 had a negative return on equity of 130.41% and a net margin of 3.46%. Analysts predict that Rapid7, Inc. will post 0.35 EPS for the current fiscal year.

Insiders Place Their Bets

In other Rapid7 news, CEO Corey E. Thomas sold 100,000 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $39.38, for a total transaction of $3,938,000.00. Following the completion of the transaction, the chief executive officer now owns 431,469 shares in the company, valued at approximately $16,991,249.22. This represents a 18.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.

Rapid7 Profile

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.