Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rapid7 Inc shares valued at $146,521 were sold by Sondhi Reeny on Sep 30 ’24. At $40.00 per share, Sondhi Reeny sold 3,663 shares. The insider’s holdings dropped to 17,460 shares worth approximately $0.73 million following the completion of this transaction.
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Also, REENY SONDHI purchased 3,663 shares, netting a total of over 136,850 in proceeds.
Before that, Luconi Christina had sold 33,795 shares from its account. In a trade valued at $1,214,930, the Chief People Officer traded Rapid7 Inc shares for $35.95 each. Upon closing the transaction, the insider’s holdings decreased to 33,795 shares, worth approximately $3.85 million.
As published in their initiating research note from Jefferies on October 16, 2024, Rapid7 Inc [RPD] has been a Buy and the price target has been revised to $50. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in mid September. As of August 07, 2024, Canaccord Genuity has increased its “Hold” rating to a “Buy” for RPD. Earlier on August 01, 2024, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for RPD stock which previously was a “an Outperform”.
Analyzing RPD Stock Performance
During the last five days, there has been a surge of approximately 0.17%. Over the course of the year, Rapid7 Inc shares have dropped approximately -27.02%. Shares of the company reached a 52-week high of $61.88 on 02/12/24 and a 52-week low of $32.94 on 08/06/24. A 50-day SMA is recorded $38.29, while a 200-day SMA reached $42.83. Nevertheless, trading volume fell to 0.72 million shares from 0.59 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 41.14, which, if violated, would cause prices to drop to 40.61. In the upper region, resistance lies at 42.59. The next price resistance is at 43.51. RSI (Relative Strength Index) is 60.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.83, which suggests the price will decrease in the coming days. Percent R is at 29.52%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
