Rapid7 Inc’s recently made public that its Chief Operating Officer Burton Andrew F. unloaded Company’s shares for reported $1.01 million on Apr 08 ’24. In the deal valued at $48.73 per share,20,653 shares were sold. As a result of this transaction, Burton Andrew F. now holds 236,841 shares worth roughly $11.34 million.
Then, Thomas Corey E. sold 50,000 shares, generating $2,653,500 in total proceeds. Upon selling the shares at $53.07, the CEO now owns 462,560 shares.
Before that, Burton Andrew F. sold 31,727 shares. Rapid7 Inc shares valued at $1,683,821 were divested by the Chief Operating Officer at a price of $53.07 per share. As a result of the transaction, Burton Andrew F. now holds 257,494 shares, worth roughly $12.33 million.
UBS upgraded its Rapid7 Inc [RPD] rating to a Buy from a a Neutral in a research note published on January 29, 2024; the price target was increased to $70 from $53. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Susquehanna began covering RPD with “Neutral” recommendation on December 15, 2023. Wolfe Research revised its rating on November 03, 2023. It rated RPD as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of RPD
On Friday, Rapid7 Inc [NASDAQ:RPD] saw its stock fall -4.75% to $47.90. Over the last five days, the stock has lost -1.76%. Rapid7 Inc shares have fallen nearly -16.11% since the year began. Nevertheless, the stocks have risen 2.66% over the past one year. While a 52-week high of $61.88 was reached on 02/12/24, a 52-week low of $39.49 was recorded on 03/26/24. SMA at 50 days reached $53.84, while 200 days put it at $50.86. A total of 0.54 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For RPD Stock
The 24-hour chart illustrates a support level at 47.12, which if violated will result in even more drops to 46.34. On the upside, there is a resistance level at 49.28. A further resistance level may holdings at 50.66. The Relative Strength Index (RSI) on the 14-day chart is 36.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.07%. Stochastics %K at 50.63% indicates the stock is a holding.
The most recent change occurred on July 06, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $50 price target.
