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Rapid7 (NASDAQ:RPD) Gets Equal Weight Rating from Morgan Stanley

Rapid7 (NASDAQ:RPD) Gets Equal Weight Rating from Morgan Stanley


Morgan Stanley reiterates equal weight rating on stocks Fast7 (NASDAQ:RPDFree Report) In a report released Wednesday morning, Benzinga According to reports, the company currently has a price target of $46.00 for the tech company’s stock.

Several other analysts have also recently commented on RPD. Mizuho lowered their target price on Rapid7 from $62.00 to $47.00 and gave the stock a neutral rating in a research report on Wednesday, May 8th. Susquehanna lowered their target price on Rapid7 from $55.00 to $40.00 and gave the stock a neutral rating in a research report on Monday, May 13th. Stifel Nicolaus lowered their target price on Rapid7 from $63.00 to $51.00 and gave the stock a buy rating in a research report on Wednesday, May 8th. Truist Financial lowered their target price on Rapid7 from $50.00 to $45.00 and gave the stock a hold rating in a research report on Wednesday, May 8th. Finally, KeyCorp upgraded Rapid7 to a hold rating in a research report on Monday, June 17th. Twelve investment analysts have rated the stock with a Hold rating, while six have issued a Buy rating to the company’s stock. Rapid7 currently has a Hold consensus rating and a $51.13 consensus price target, according to data from MarketBeat.

Check Out Our Latest Report on Rapid7

Rapid7 Transactions Drop 1.4%

Shares Rapid7 stock It opened at $39.18 on Wednesday. The business has a 50-day simple moving average of $39.06 and a 200-day simple moving average of $48.18. The stock has a market cap of $2.44 billion, a price-to-earnings ratio of -19.11 and a beta of 0.98. Rapid7 has a twelve-month low of $35.08 and a twelve-month high of $61.88.

Fast7 (NASDAQ:RPDGet a Free Report) last reported its quarterly earnings results on Tuesday, May 7th. The tech company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22. The business had revenue of $205.10 million for the quarter, compared to analysts’ expectations of $204.10 million. Rapid7 had a return on equity of 31.09% and a negative net margin of 15.14%. Sell-side analysts expect Rapid7 to report 0.75 earnings per share for the current year.

Institutional Investors Discuss Rapid7

Several major investors recently changed their holdings in RPD. First Trust Advisors LP increased its stake in Rapid7 shares by 49.2% in the 4th quarter. First Trust Advisors LP now owns 3,409,246 shares of the technology company worth $194,668,000 after purchasing an additional 1,124,429 shares in the last quarter. Norges Bank purchased a new stake in Rapid7 shares worth $37,790,000 in the 4th quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Rapid7 shares by 46.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,254,323 shares of the technology company worth $61,512,000 after purchasing an additional 397,968 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Rapid7 by 12.8% in the 4th quarter. Wasatch Advisors LP now owns 1,410,051 shares of the technology company worth $80,514,000 after purchasing an additional 160,531 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Rapid7 by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 7,041,011 shares of the technology company worth $322,337,000 after purchasing an additional 148,440 shares in the last quarter. 95.66% of the stock is owned by institutional investors.

About Rapid7

(Get a Free Report)

Rapid7, Inc. provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint-to-cloud data collection and sharing applications such as Rapid7 Insight Agent, a software-based agent used across assets in on-premises and cloud environments to centralize and monitor data on the company’s platform; Rapid7 Insight Network Sensor, which analyzes raw end-to-end network traffic to increase visibility into user activity and identify real threats and investigations; Rapid7 Cloud Event Data Harvesting, which provides visibility into changes made to cloud resources; and orchestration and automation solutions through a third-party integration and ecosystem.

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