Rapid7 Inc (RPD) was Initiated by RBC Capital Mkts to “Outperform” and the brokerage firm has set the Price Target at $19. RBC Capital Mkts advised their investors in a research report released on Oct 14, 2016.
Many Wall Street Analysts have commented on Rapid7 Inc. Rapid7 Inc was Initiated by Rosenblatt to “Buy” on Aug 26, 2016.
On the company’s financial health, Rapid7 Inc reported $-0.22 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $-0.24. The company had revenue of $37.30 million for the quarter, compared to analysts expectations of $36.33 million. The company’s revenue was up 44.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.61 EPS.
Rapid7 Inc closed down -0.65 points or -3.90% at $16.02 with 1,25,333 shares getting traded on Tuesday. Post opening the session at $16.64, the shares hit an intraday low of $15.924 and an intraday high of $16.719 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Oct 12, 2016, Lee David Weiner (Chief Product Officer) sold 15,000 shares at $16.72 per share price. According to the SEC, on Oct 7, 2016, Corey E. Thomas (President and CEO) sold 25,000 shares at $18.05 per share price. On Sep 13, 2016, Steven Gatoff (Chief Financial Officer) sold 15,000 shares at $17.59 per share price, according to the Form-4 filing with the securities and exchange commission.
Rapid7 Inc. is a provider of security data and analytics solutions.The Company offers three solution groups: threat exposure management which includes its Nexpose Metasploit and AppSpider products; incident detection and response which include its UserInsight product and its incident response services and security advisory services. Its threat exposure management solutions reflect its evolution and enhancement of management tools to encompass a set of data including real-world threat information and analytics that facilitate systematic remediation. Its incident detection and response solutions offer customers a combination of product-based analytics as well as services to help detect attackers and respond to attacks once they are discovered. Its security advisory services help organizations implement and manage an analytics-driven security approach by looking at their security programs and providing them with advice related to prevention detection and correction.