Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rapid7 Inc shares valued at $6,034,500 were purchased by COREY THOMAS on Jan 02 ’25. At $40.23 per share, COREY THOMAS acquired 150,000 shares.
Also, Sondhi Reeny sold 3,663 shares, netting a total of over 149,267 in proceeds. Following the sale of shares at $40.75 each, the insider now holds 13,797 shares.
Before that, REENY SONDHI had added 3,663 shares to its account. In a trade valued at $149,121, the Director bought Rapid7 Inc shares for $40.71 each.
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 drop of approximately -1.08%. Over the course of the year, Rapid7 Inc shares have dropped approximately -2.11%. Shares of the company reached a 52-week high of $41.38 on 01/02/25 and a 52-week low of $39.34 on 01/02/25. A 50-day SMA is recorded $40.85, while a 200-day SMA reached $40.31. Nevertheless, trading volume fell to 0.55 million shares from 0.69 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 38.69, which, if violated, would cause prices to drop to 37.99. In the upper region, resistance lies at 40.73. The next price resistance is at 42.07. RSI (Relative Strength Index) is 42.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 74.45%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.