E. Ohman J or Asset Management AB Invests $1.41 Million in Rapid7, Inc. (NASDAQ:RPD)

E. Ohman J or Asset Management AB bought a new stake in shares of Rapid7, Inc. (NASDAQ:RPD) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 35,000 shares of the technology company’s stock, valued at approximately $1,408,000. E. Ohman J or Asset Management AB owned about 0.06% of Rapid7 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in RPD. International Assets Investment Management LLC boosted its stake in shares of Rapid7 by 3,888.2% during the third quarter. International Assets Investment Management LLC now owns 678 shares of the technology company’s stock valued at $27,000 after purchasing an additional 661 shares during the period. Pacer Advisors Inc. raised its holdings in Rapid7 by 30.4% during the 4th quarter. Pacer Advisors Inc. now owns 1,487 shares of the technology company’s stock valued at $60,000 after buying an additional 347 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in Rapid7 during the 3rd quarter valued at $69,000. KBC Group NV boosted its position in Rapid7 by 47.7% during the 4th quarter. KBC Group NV now owns 2,686 shares of the technology company’s stock valued at $108,000 after buying an additional 867 shares during the period. Finally, 1620 Investment Advisors Inc. grew its holdings in Rapid7 by 14.5% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 2,783 shares of the technology company’s stock worth $111,000 after acquiring an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 95.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on RPD shares. StockNews.com raised shares of Rapid7 from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Scotiabank boosted their target price on Rapid7 from $39.00 to $42.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 21st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $42.00 price target (down previously from $48.00) on shares of Rapid7 in a research note on Friday, January 17th. Citigroup cut their price target on shares of Rapid7 from $50.00 to $46.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Finally, UBS Group decreased their price objective on shares of Rapid7 from $59.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, November 7th. Fifteen research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $43.76.

Rapid7 Stock Up 0.7 %

NASDAQ:RPD opened at $38.79 on Wednesday. Rapid7, Inc. has a 52 week low of $32.94 and a 52 week high of $61.88. The stock has a market cap of $2.45 billion, a price-to-earnings ratio of 61.57 and a beta of 0.96. The company’s 50 day moving average price is $40.13 and its 200-day moving average price is $38.93.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.14. Rapid7 had a negative return on equity of 128.95% and a net margin of 5.65%. The firm had revenue of $214.65 million during the quarter, compared to analysts’ expectations of $210.04 million. During the same quarter in the previous year, the business earned $0.11 earnings per share. The company’s revenue was up 8.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Rapid7, Inc. will post 0.98 earnings per share for the current year.

Insider Buying and Selling at Rapid7

In other news, CEO Corey E. Thomas sold 100,000 shares of the stock in a transaction on 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 transaction, the chief executive officer now directly owns 431,469 shares of the company’s stock, valued at $16,991,249.22. This represents a 18.82 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company 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.