Rapid7 Inc’s recently made public that its CEO Thomas Corey E. unloaded Company’s shares for reported $2.0 million on Jan 02 ’25. In the deal valued at $39.93 per share,50,000 shares were sold. As a result of this transaction, Thomas Corey E. now holds 431,469 shares worth roughly $17.18 million.
Then, COREY THOMAS bought 150,000 shares, generating $6,034,500 in total proceeds.
Before that, Sondhi Reeny sold 3,663 shares. Rapid7 Inc shares valued at $149,267 were divested by the Director at a price of $40.75 per share. As a result of the transaction, Sondhi Reeny now holds 13,797 shares, worth roughly $0.55 million.
Jefferies initiated its Rapid7 Inc [RPD] rating to a Buy in a research note published on October 16, 2024; the price target was $50. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid September from “an Outperform” to “a Sector perform”. Canaccord Genuity also remained covering RPD and has increased its forecast on August 07, 2024 with a “Buy” recommendation from previously “Hold” rating. Robert W. Baird revised its rating on August 01, 2024. It rated RPD as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of RPD
On Monday, Rapid7 Inc [NASDAQ:RPD] saw its stock jump 0.48% to $39.81. Over the last five days, the stock has lost -0.95%. Rapid7 Inc shares have fallen nearly -1.04% since the year began. Nevertheless, the stocks have fallen -23.44% over the past one year. While a 52-week high of $61.88 was reached on 01/02/25, a 52-week low of $32.94 was recorded on 01/03/25. SMA at 50 days reached $40.90, while 200 days put it at $40.20.
Levels Of Support And Resistance For RPD Stock
The 24-hour chart illustrates a support level at 39.40, which if violated will result in even more drops to 38.99. On the upside, there is a resistance level at 40.38. A further resistance level may holdings at 40.95. The Relative Strength Index (RSI) on the 14-day chart is 45.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.64%. Stochastics %K at 31.68% indicates the stock is a holding.
How much short interest is there in Rapid7 Inc?
A steep rise in short interest was recorded in Rapid7 Inc stocks on 2024-12-13, dropping by -0.37 million shares to a total of 2.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.33 million shares. There was a decline of -12.43%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 26, 2024 when Scotiabank began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $46 price target.
