Home Stock Earnings Investing in Rapid7 Inc. (RPD): What You Must Know

Investing in Rapid7 Inc. (RPD): What You Must Know

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Investing in Rapid7 Inc. (RPD): What You Must Know

Rapid7 Inc.’s filing revealed that its Chief Financial Officer Adams Timothy M acquired Company’s shares for reported $0.33 million on May 09. In the deal valued at $65.50 per share,5,000 shares were bought. As a result of this transaction, Adams Timothy M now holds 106,540 shares worth roughly $ 3.06 million.


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Then, Schodorf Thomas E sold 260 shares, generating $29,260 in total proceeds. Upon selling the shares at $112.54, the Director now owns 5,290 shares.

Before that, Burton Andrew F. sold 5,498 shares. Rapid7 Inc. shares valued at $604,780 were divested by the Chief Operating Officer at a price of $110.00 per share. As a result of the transaction, Burton Andrew F. now holds 259,293 shares, worth roughly $7.44 million.

Wolfe Research downgraded its Rapid7 Inc. [RPD] rating to a Peer perform from a an Outperform in a research note published on Friday. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Mizuho also remained covering RPD and has decreased its forecast on November 03, 2022 with a “Neutral” recommendation from previously “Buy” rating. Needham revised its rating on October 21, 2022. It rated RPD as “a Hold” which previously was an “a Buy”.

Price Performance Review of RPD

On Friday, Rapid7 Inc. [NASDAQ:RPD] saw its stock fall -4.94% to $28.70. On the same session, the stock had its day’s lowest price of $26.86, but rose to a high of $30.38. Over the last five days, the stock has lost -36.12%. Rapid7 Inc. shares have fallen nearly -75.61% since the year began. Nevertheless, the stocks have fallen -78.94% over the past one year. While a 52-week high of $145.00 was reached on 01/04/22, a 52-week low of $29.27 was recorded on 11/04/22. SMA at 50 days reached $47.06, while 200 days put it at $75.14. A total of 3.53 million shares were traded, compared to the trading of 1.73 million shares in the previous session.

Levels Of Support And Resistance For RPD Stock

The 24-hour chart illustrates a support level at 26.91, which if violated will result in even more drops to 25.13. On the upside, there is a resistance level at 30.43. A further resistance level may holdings at 32.17. The Relative Strength Index (RSI) on the 14-day chart is 22.68, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -9.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.88%. Stochastics %K at 4.85% indicates the stock is a buying.

How much short interest is there in Rapid7 Inc.?

A steep rise in short interest was recorded in Rapid7 Inc. stocks on Jul 14, 2022, growing by 0.39 million shares to a total of 4.48 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 4.09 million shares. There was a rise of 8.71%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.78% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.72.

Rapid7 Inc. [RPD] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 5,232,850 shares, or roughly 8.91% of the outstanding RPD shares. In other words, the investor’s shares have risen by 100,159 from its previous 13-F filing of 5132691.0. Additionally, BlackRock Fund Advisors increased 1.21% of its stake after which the total value it holdings stand at $165,740,332, while Wellington Management Co. LLP reduced -2.16% of its stake to hold $153.63 million in the firm. Over the last quarter, Wasatch Advisors, Inc. purchased 70,486 shares of Rapid7 Inc., while Fidelity Management & Research Co bought -671,603 shares. At present, First Trust Advisors LP is holding 1,952,405 shares valued at $83.76 million. Pictet Asset Management SA owned 1,730,701 shares of the company at the time of its most recent 13F filing, worth $74.25 million.

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