Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rapid7 Inc shares valued at $3,937,770 were sold by Thomas Corey E. on Jan 21 ’25. At $39.38 per share, Thomas Corey E. sold 100,000 shares. The insider’s holdings dropped to 431,469 shares worth approximately $12.21 million following the completion of this transaction.
Also, Thomas Corey E. sold 50,000 shares, netting a total of over 1,996,576 in proceeds. Following the sale of shares at $39.93 each, the insider now holds 431,469 shares.
Before that, COREY THOMAS had added 150,000 shares to its account. In a trade valued at $6,034,500, the Director bought Rapid7 Inc shares for $40.23 each.
As published in a research note from Stifel on January 17, 2025, Rapid7 Inc [RPD] has been rated down from a Buy to a Hold and the price target has been revised to $42 from $48. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of September 20, 2024, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for RPD. Earlier on August 07, 2024, Canaccord Genuity upgraded its rating. Their new recommendation was “a Buy” for RPD stock which previously was a “a Hold”.
Analyzing RPD Stock Performance
During the last five days, there has been a drop of approximately -3.51%. Over the course of the year, Rapid7 Inc shares have dropped approximately -29.68%. Shares of the company reached a 52-week high of $41.38 on 01/02/25 and a 52-week low of $27.95 on 03/04/25. A 50-day SMA is recorded $36.74, while a 200-day SMA reached $38.28.
Support And Resistance Levels for Rapid7 Inc (RPD)
According to the 24-hour chart, there is a support level at 27.94, which, if violated, would cause prices to drop to 27.59. In the upper region, resistance lies at 28.70. The next price resistance is at 29.11. RSI (Relative Strength Index) is 16.00 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.36, which suggests the price will decrease in the coming days. Percent R is at 95.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
