Taking a Closer Look At Rapid7 Inc. (RPD) Following Its Recent Trade


In a filing, Rapid7 Inc. revealed its CEO Thomas Corey E. unloaded Company’s shares for reported $1.52 million on Dec 16. In the deal valued at $36.52 per share,41,620 shares were sold. As a result of this transaction, Thomas Corey E. now holds 428,074 shares worth roughly $ 20.28 million.

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Then, Thomas Corey E. sold 41,619 shares, generating $1,526,432 in total proceeds. Upon selling the shares at $36.68, the CEO now owns 428,074 shares.

Before that, Thomas Corey E. sold 41,619 shares. Rapid7 Inc. shares valued at $1,583,403 were divested by the CEO at a price of $38.05 per share. As a result of the transaction, Thomas Corey E. now holds 428,074 shares, worth roughly $20.28 million.

Piper Sandler downgraded its Rapid7 Inc. [RPD] rating to a Neutral from a an Overweight in a research note published on Friday, February 09, 2023; the price target was increased to $52 from $45. PT values the company’s stock at a premium of 8.9 to its Friday closing price. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Hold”. JP Morgan began covering RPD with “Neutral” recommendation on January 24, 2023. DA Davidson started covering the stock on January 13, 2023. It rated RPD as “a Neutral”.

Price Performance Review of RPD

On Friday, Rapid7 Inc. [NASDAQ:RPD] saw its stock fall -1.04% to $47.37. On the same session, the stock had its day’s lowest price of $46.255, but rose to a high of $47.39. Over the last five days, the stock has lost -3.09%. Rapid7 Inc. shares have risen nearly 39.41% since the year began. Nevertheless, the stocks have fallen -46.76% over the past one year. While a 52-week high of $118.25 was reached on 02/09/23, a 52-week low of $26.49 was recorded on 01/06/23. SMA at 50 days reached $40.05, while 200 days put it at $51.06. A total of 0.84 million shares were traded, compared to the trading of 1.41 million shares in the previous session.

Levels Of Support And Resistance For RPD Stock

The 24-hour chart illustrates a support level at 46.62, which if violated will result in even more drops to 45.87. On the upside, there is a resistance level at 47.75. A further resistance level may holdings at 48.14. The Relative Strength Index (RSI) on the 14-day chart is 56.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.08%. Stochastics %K at 11.66% 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 Jan 12, 2023, growing by 50000.0 shares to a total of 4.29 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 4.24 million shares. There was a rise of 1.17%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 7.32% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.64.

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

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 5,963,075 shares, or roughly 10.07% of the outstanding RPD shares. In other words, the investor’s shares have risen by 667,908 from its previous 13-F filing of 5295167.0. Additionally, BlackRock Fund Advisors increased 14.10% of its stake after which the total value it holdings stand at $175,751,226, while Wellington Management Co. LLP reduced -28.05% of its stake to hold $100.59 million in the firm. Over the last quarter, First Trust Advisors LP purchased 246,214 shares of Rapid7 Inc., while Alyeska Investment Group LP bought 2,236,346 shares. At present, Wasatch Advisors, Inc. is holding 2,106,379 shares valued at $83.98 million. Fidelity Management & Research Co owned 1,597,510 shares of the company at the time of its most recent 13F filing, worth $63.69 million.

According to FactSet, Rapid7 Inc.’s share price will average $52.07 in the next year, based on opinions of analysts polled by the firm. This is up nearly 11.76 percent from its previous closing price of $47.87. Analysts expect Rapid7 Inc. stock to reach the higher price of $65.00, while the lowest price estimate is $38.00. However, 19 analysts have rated RPD stock as an Overweight in their predictions for 2023.


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