The Vanguard Group, Inc. has recently announced that it has increased stake in Rapid7 Inc. (NASDAQ:RPD) by 6.27%. After grabbing 6.34 million shares, the institutional investor is now in possession of 0.37 million shares of the Technology Company. The new investment brought the stake of investor firm to 10.56% having worth around $308.04 million. Moreover, Alyeska Investment Group LP increased its share by 0.48 million to have a control over 2.71 million shares. And Point72 Asset Management LP raised its holdings to 2.33 million shares by acquiring 2.33 million shares or 3.88% of the stake.
Rapid7 Inc. (RPD) concluded trading on 05/24/23 at a closing price of $45.00, with 2.92 million shares of worth about $131.58 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 61.81% during that period and on Wednesday the price saw a gain of about 6.96%. Currently the company’s common shares owned by public are about 59.89M shares, out of which, 58.30M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 19 analysts are covering the RPD stock and their offered price forecasts bring an average price target of $49.79. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $65.00 and could fall to a lowest price of $40.00. The stock’s current price level is 14.45% above of average price target set by the analysts, while a rise to estimated low would result in loss of -12.5% for the stock. However, touching the estimated high of $65.00 would mean a gain of 30.77% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 43 times over the past 12 months. They bought 570,996 shares in 21 of the transactions. In 22 selling transactions, insiders dumped 321,365 shares.
First Trust NASDAQ Cybersecurity, Vanguard Total Stock Market ETF, and Vanguard Small Cap Index Fund are the top 3 mutual funds which are holding stakes in Rapid7 Inc. First Trust NASDAQ Cybersecurity is currently holding 1.85 million shares of worth totaling $89.91 million. The company recently came buying 0.0 shares which brought its stake up to 3.08% of the company’s outstanding shares. Vanguard Total Stock Market ETF bought 800.0 shares, after which its hold over company’s outstanding shares expand to 2.90%, leaving 1.74 million shares with the mutual fund that have a worth of about $84.72 million. Vanguard Small Cap Index Fund, after selling 1.47 million shares, have now control over 2.45% of the stake in the company. It holds 360.0 shares of worth $71.58 million.
Rapid7 Inc. (NASDAQ: RPD) started trading at $41.17, below -$0.9 from concluding price of the previous day. However, the stock later moved at a day high price of 45.70, or with a gain of 6.96%. Stock saw a price change of -2.83% in past 5 days and over the past one month there was a price change of -5.38%. Year-to-date (YTD), RPD shares are showing a performance of 32.43% which decreased to -37.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.49 but also hit the highest price of $74.88 during that period. The average intraday trading volume for Rapid7 Inc. shares is 1.09 million. The stock is currently trading -2.57% below its 20-day simple moving average (SMA20), while that difference is down -0.37% for SMA50 and it goes to 2.38% higher than SMA200.
The Vanguard Group, Inc. acquired 6.34 million shares of Rapid7 Inc. having value of about $308.04 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.37 million shares in the company valued at close to $16827030.0, or have control over 6.27% stake in the company. Rapid7 Inc. (NASDAQ: RPD) currently have 59.89M outstanding shares and institutions hold larger chunk of about 100.23% of that. Holding of mutual funds in the company is about 45.97% while other institutional holders and individual stake holders have control over 51.98% and 19.25% of the stake respectively.
The stock has a current market capitalization of $2.78B and its 3Y-monthly beta is at 1.12. It has posted earnings per share of -$1.79 in the same period. It has Quick Ratio of 0.90. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RPD, volatility over the week remained 5.71% while standing at 5.37% over the month.
Analysts are in expectations that Rapid7 Inc. (RPD) stock would likely to be making an EPS of $0.11 in the current quarter, while forecast for next quarter EPS is $0.26 and it is $1.19 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.1 which is $0.13 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$0.01 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 19.50% while it is estimated to increase by 41.07% in next year.
Analysts at 19 brokerage firms have issued recommendations for the Rapid7 Inc. (RPD)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.50. Out of those 19 Wall Street analysts, 4 recommended a “Buy” rating, while 13 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
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