Rapid7 Inc (NASDAQ:RPD) saw some unusual options trading on Monday. Traders acquired 1,297 call options on the stock. This represents an increase of 1,237% compared to the typical daily volume of 97 call options.

Rapid7 (RPD) traded up $0.95 during trading on Wednesday, hitting $24.31. The stock had a trading volume of 538,547 shares, compared to its average volume of 516,692. The company has a market capitalization of $1,054.57, a price-to-earnings ratio of -22.93 and a beta of 1.12. Rapid7 has a twelve month low of $13.42 and a twelve month high of $25.95.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Monday, February 12th. The technology company reported ($0.29) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.11). Rapid7 had a negative return on equity of 130.89% and a negative net margin of 22.63%. The business had revenue of $57.73 million during the quarter, compared to the consensus estimate of $57.39 million. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. The company’s revenue for the quarter was up 28.2% on a year-over-year basis. equities analysts expect that Rapid7 will post -1.01 EPS for the current year.

In other Rapid7 news, Director Jay C. Hoag sold 35,246 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $19.40, for a total transaction of $683,772.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Alan Matthews sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $22.06, for a total value of $441,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,345,246 shares of company stock worth $49,165,672. Corporate insiders own 56.90% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Wasatch Advisors Inc. increased its stake in Rapid7 by 5.2% during the fourth quarter. Wasatch Advisors Inc. now owns 2,088,008 shares of the technology company’s stock valued at $38,962,000 after acquiring an additional 103,934 shares during the period. Vanguard Group Inc. increased its stake in Rapid7 by 6.5% during the second quarter. Vanguard Group Inc. now owns 1,428,575 shares of the technology company’s stock valued at $24,044,000 after acquiring an additional 87,101 shares during the period. BlackRock Inc. increased its stake in Rapid7 by 3.2% during the fourth quarter. BlackRock Inc. now owns 1,223,915 shares of the technology company’s stock valued at $22,837,000 after acquiring an additional 38,238 shares during the period. Frontier Capital Management Co. LLC increased its stake in Rapid7 by 62.3% during the third quarter. Frontier Capital Management Co. LLC now owns 720,672 shares of the technology company’s stock valued at $12,684,000 after acquiring an additional 276,627 shares during the period. Finally, Cortina Asset Management LLC increased its stake in Rapid7 by 62.8% during the fourth quarter. Cortina Asset Management LLC now owns 556,533 shares of the technology company’s stock valued at $10,385,000 after acquiring an additional 214,780 shares during the period. Hedge funds and other institutional investors own 68.49% of the company’s stock.

Several equities analysts have weighed in on the company. BidaskClub upgraded Rapid7 from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Morgan Stanley lifted their price objective on Rapid7 from $20.00 to $23.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Needham & Company LLC initiated coverage on Rapid7 in a research note on Monday, October 23rd. They issued a “buy” rating and a $23.00 price objective on the stock. ValuEngine upgraded Rapid7 from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Monness Crespi & Hardt reiterated a “buy” rating and issued a $27.00 price objective (up from $23.00) on shares of Rapid7 in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $24.29.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are accessing this piece of content on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright laws. The original version of this piece of content can be accessed at https://theolympiareport.com/2018/02/14/investors-buy-high-volume-of-rapid7-call-options-rpd.html.

Rapid7 Company Profile

Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.

Receive News & Ratings for Rapid7 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rapid7 and related companies with MarketBeat.com's FREE daily email newsletter.