Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rapid7 Inc shares valued at $1,006,336 were sold by Burton Andrew F. on Apr 08 ’24. At $48.73 per share, Burton Andrew F. sold 20,653 shares. The insider’s holdings dropped to 236,841 shares worth approximately $10.37 million following the completion of this transaction.
Also, Thomas Corey E. sold 50,000 shares, netting a total of over 2,653,500 in proceeds. Following the sale of shares at $53.07 each, the insider now holds 462,560 shares.
Before that, Burton Andrew F. had sold 31,727 shares from its account. In a trade valued at $1,683,821, the Chief Operating Officer traded Rapid7 Inc shares for $53.07 each. Upon closing the transaction, the insider’s holdings decreased to 31,727 shares, worth approximately $11.28 million.
As published in a research note from UBS on January 29, 2024, Rapid7 Inc [RPD] has been rated up from a Neutral to a Buy and the price target has been revised to $70 from $53. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of December 15, 2023, Susquehanna has initiated its “Neutral” rating for RPD. Earlier on November 03, 2023, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for RPD stock which previously was a “a Peer perform”.
Analyzing RPD Stock Performance
During the last five days, there has been a drop of approximately -12.44%. Over the course of the year, Rapid7 Inc shares have dropped approximately -23.29%. Shares of the company reached a 52-week high of $61.88 on 02/12/24 and a 52-week low of $43.69 on 04/16/24. A 50-day SMA is recorded $53.14, while a 200-day SMA reached $50.86. Nevertheless, trading volume fell to 0.59 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for Rapid7 Inc (RPD)
According to the 24-hour chart, there is a support level at 43.34, which, if violated, would cause prices to drop to 42.87. In the upper region, resistance lies at 44.63. The next price resistance is at 45.46. RSI (Relative Strength Index) is 26.36 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.51, which suggests the price will decrease in the coming days. Percent R is at 98.32%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
