Diversified Trust Co Acquires 1,708 Shares of Rapid7, Inc. (NASDAQ:RPD)

Diversified Trust Co increased its holdings in shares of Rapid7, Inc. (NASDAQ:RPD) by 8.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 21,534 shares of the technology company’s stock after acquiring an additional 1,708 shares during the period. Diversified Trust Co’s holdings in Rapid7 were worth $866,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Nordea Investment Management AB increased its holdings in Rapid7 by 100.8% during the 4th quarter. Nordea Investment Management AB now owns 75,109 shares of the technology company’s stock worth $3,030,000 after purchasing an additional 37,708 shares during the period. Principal Financial Group Inc. increased its holdings in Rapid7 by 9.7% during the 3rd quarter. Principal Financial Group Inc. now owns 47,661 shares of the technology company’s stock worth $1,901,000 after purchasing an additional 4,214 shares during the period. 272 Capital LP increased its holdings in Rapid7 by 33.4% during the 3rd quarter. 272 Capital LP now owns 215,287 shares of the technology company’s stock worth $8,588,000 after purchasing an additional 53,849 shares during the period. Geode Capital Management LLC increased its holdings in shares of Rapid7 by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,462,007 shares of the technology company’s stock valued at $58,330,000 after acquiring an additional 15,287 shares during the period. Finally, Pier Capital LLC raised its position in shares of Rapid7 by 1.2% in the 3rd quarter. Pier Capital LLC now owns 180,168 shares of the technology company’s stock worth $7,187,000 after acquiring an additional 2,162 shares in the last quarter. 95.66% of the stock is owned by institutional investors.

Rapid7 Stock Performance

Rapid7 stock opened at $39.08 on Friday. The business’s 50-day simple moving average is $40.88 and its two-hundred day simple moving average is $39.19. The company has a market cap of $2.47 billion, a PE ratio of 62.03 and a beta of 0.96. Rapid7, Inc. has a fifty-two week low of $32.94 and a fifty-two week high of $61.88.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Wednesday, November 6th. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $210.04 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The company’s revenue was up 8.0% compared to the same quarter last year. As a group, analysts predict that Rapid7, Inc. will post 0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

RPD has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Rapid7 from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. UBS Group reduced their price target on Rapid7 from $59.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 7th. StockNews.com raised Rapid7 from a “hold” rating to a “buy” rating in a research report on Friday, December 6th. Piper Sandler reduced their target price on Rapid7 from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, November 7th. Finally, Truist Financial reduced their target price on Rapid7 from $40.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Fourteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Rapid7 has an average rating of “Hold” and an average target price of $44.59.

Rapid7 Company 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.