Rapid7 Inc’s filing revealed that its CEO Thomas Corey E. unloaded Company’s shares for reported $3.94 million on Jan 21 ’25. In the deal valued at $39.38 per share,100,000 shares were sold. As a result of this transaction, Thomas Corey E. now holds 431,469 shares worth roughly $16.87 million.
Then, Thomas Corey E. sold 50,000 shares, generating $1,996,576 in total proceeds. Upon selling the shares at $39.93, the CEO now owns 431,469 shares.
Before that, COREY THOMAS bought 150,000 shares. Rapid7 Inc shares valued at $6,034,500 were divested by the Director at a price of $40.23 per share.
Stifel downgraded its Rapid7 Inc [RPD] rating to a Hold from a a Buy in a research note published on January 17, 2025; the price target was decreased to $42 from $48. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. RBC Capital Mkts also remained covering RPD and has decreased its forecast on September 20, 2024 with a “Sector perform” recommendation from previously “an Outperform” rating. Canaccord Genuity revised its rating on August 07, 2024. It rated RPD as “a Buy” which previously was an “a Hold”.
Price Performance Review of RPD
On Tuesday, Rapid7 Inc [NASDAQ:RPD] saw its stock jump 1.32% to $39.10. Over the last five days, the stock has lost -1.11%. Rapid7 Inc shares have fallen nearly -2.81% since the year began. Nevertheless, the stocks have fallen -29.42% 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 01/13/25. SMA at 50 days reached $40.51, while 200 days put it at $39.50.
Levels Of Support And Resistance For RPD Stock
The 24-hour chart illustrates a support level at 38.45, which if violated will result in even more drops to 37.79. On the upside, there is a resistance level at 39.64. A further resistance level may holdings at 40.17. The Relative Strength Index (RSI) on the 14-day chart is 45.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.32%. Stochastics %K at 44.27% 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 2025-01-15, growing by 0.47 million shares to a total of 3.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.96 million shares. There was a rise of 13.58%, which implies that there is a positive sentiment for the stock.
