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RPD stock rated a Sector perform by Scotiabank

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 $10.61 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 $11.54 million.

Scotiabank initiated its Rapid7 Inc [RPD] rating to a Sector perform in a research note published on April 26, 2024; the price target was $46. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late January from “a Neutral” to “a Buy”. Citigroup also remained covering RPD and has increased its forecast on January 09, 2024 with a “Buy” recommendation from previously “Neutral” rating. Susquehanna started covering the stock on December 15, 2023. It rated RPD as “a Neutral”.

Price Performance Review of RPD

On Tuesday, Rapid7 Inc [NASDAQ:RPD] saw its stock fall -1.93% to $44.80. Over the last five days, the stock has lost -2.97%. Rapid7 Inc shares have fallen nearly -21.54% since the year began. Nevertheless, the stocks have fallen -7.84% 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 04/18/24. SMA at 50 days reached $50.61, while 200 days put it at $50.96. A total of 0.93 million shares were traded, compared to the trading of 0.41 million shares in the previous session.

Levels Of Support And Resistance For RPD Stock

The 24-hour chart illustrates a support level at 44.33, which if violated will result in even more drops to 43.85. On the upside, there is a resistance level at 45.72. A further resistance level may holdings at 46.63. The Relative Strength Index (RSI) on the 14-day chart is 35.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.25, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.45%. Stochastics %K at 28.93% indicates the stock is a holding.

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