Rapid7 Inc (NASDAQ:RPD) Shares Purchased by GW&K Investment Management LLC

Share on StockTwits

GW&K Investment Management LLC increased its stake in shares of Rapid7 Inc (NASDAQ:RPD) by 21.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 840,643 shares of the technology company’s stock after acquiring an additional 146,213 shares during the period. GW&K Investment Management LLC owned about 1.72% of Rapid7 worth $38,157,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Rapid7 by 10.8% in the second quarter. Vanguard Group Inc. now owns 4,101,944 shares of the technology company’s stock valued at $237,256,000 after purchasing an additional 400,958 shares during the period. BlackRock Inc. grew its holdings in Rapid7 by 26.2% in the second quarter. BlackRock Inc. now owns 3,421,810 shares of the technology company’s stock valued at $197,918,000 after purchasing an additional 710,437 shares during the period. Bank of New York Mellon Corp grew its holdings in Rapid7 by 13.8% in the second quarter. Bank of New York Mellon Corp now owns 1,782,405 shares of the technology company’s stock valued at $103,095,000 after purchasing an additional 216,413 shares during the period. Invesco Ltd. grew its holdings in Rapid7 by 39.8% in the second quarter. Invesco Ltd. now owns 1,089,199 shares of the technology company’s stock valued at $62,999,000 after purchasing an additional 310,330 shares during the period. Finally, Allianz Asset Management GmbH grew its holdings in Rapid7 by 52.9% in the second quarter. Allianz Asset Management GmbH now owns 1,044,389 shares of the technology company’s stock valued at $60,407,000 after purchasing an additional 361,259 shares during the period. 90.82% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have recently issued reports on the company. BidaskClub raised Rapid7 from a “sell” rating to a “hold” rating in a research note on Tuesday, October 29th. Northland Securities set a $75.00 price target on Rapid7 and gave the stock a “buy” rating in a research note on Monday, July 15th. Barclays reaffirmed a “buy” rating and issued a $69.00 price target on shares of Rapid7 in a research note on Thursday, July 18th. ValuEngine lowered Rapid7 from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Finally, Zacks Investment Research lowered Rapid7 from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $63.33.

Shares of RPD stock traded up $0.62 on Friday, hitting $51.55. The stock had a trading volume of 371,300 shares, compared to its average volume of 617,679. The company’s 50 day moving average price is $48.66 and its 200-day moving average price is $53.65. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.38 and a quick ratio of 1.37. The firm has a market capitalization of $2.39 billion, a P/E ratio of -51.04 and a beta of 1.21. Rapid7 Inc has a 1 year low of $26.27 and a 1 year high of $66.01.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Tuesday, November 5th. The technology company reported $0.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.20. The firm had revenue of $83.20 million during the quarter, compared to the consensus estimate of $80.11 million. Rapid7 had a negative return on equity of 40.74% and a negative net margin of 17.27%. The firm’s revenue was up 33.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) EPS. On average, equities analysts forecast that Rapid7 Inc will post -0.62 EPS for the current year.

In related news, SVP Peter Kaes sold 12,881 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $50.03, for a total value of $644,436.43. Also, insider Lee David Weiner sold 20,556 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $54.93, for a total value of $1,129,141.08. The disclosure for this sale can be found here. Over the last three months, insiders have sold 123,462 shares of company stock valued at $6,505,874. Company insiders own 4.90% of the company’s stock.

Rapid7 Company Profile

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enable customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.

Featured Story: How to Invest in an Index Fund

Want to see what other hedge funds are holding RPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rapid7 Inc (NASDAQ:RPD).

Institutional Ownership by Quarter for Rapid7 (NASDAQ:RPD)

Receive News & Ratings for Rapid7 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rapid7 and related companies with MarketBeat.com's FREE daily email newsletter.