Market Recap Check: Rapid7 Inc (RPD)’s Negative Finish at 35.57, Up/Down -1.58

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The price of Rapid7 Inc (NASDAQ: RPD) closed at $35.57 in the last session, down -1.58% from day before closing price of $36.14. In other words, the price has decreased by -$1.58 from its previous closing price. On the day, 1.05 million shares were traded. RPD stock price reached its highest trading level at $36.71 during the session, while it also had its lowest trading level at $35.45.


We take a closer look at RPD’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 17.48. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.10.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Scotiabank on April 26, 2024, initiated with a Sector Perform rating and assigned the stock a target price of $46.

On January 29, 2024, UBS Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $53 to $70.

Citigroup Upgraded its Neutral to Buy on January 09, 2024, whereas the target price for the stock was revised from $54 to $65.

Insider Transactions:

An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 08 ’24 when Burton Andrew F. sold 20,653 shares for $48.73 per share. The transaction valued at 1,006,336 led to the insider holds 236,841 shares of the business.

Thomas Corey E. sold 50,000 shares of RPD for $2,653,500 on Mar 13 ’24. The CEO now owns 462,560 shares after completing the transaction at $53.07 per share. On Mar 13 ’24, another insider, Burton Andrew F., who serves as the Chief Operating Officer of the company, sold 31,727 shares for $53.07 each. As a result, the insider received 1,683,821 and left with 257,494 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, RPD now has a Market Capitalization of 2216882432 and an Enterprise Value of 2827494144. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.77. Its current Enterprise Value per Revenue stands at 3.536 whereas that against EBITDA is 53.492.

Stock Price History:

Over the past 52 weeks, RPD has reached a high of $61.88, while it has fallen to a 52-week low of $35.22. The 50-Day Moving Average of the stock is -19.11%, while the 200-Day Moving Average is calculated to be -29.31%.

Shares Statistics:

According to the various share statistics, RPD traded on average about 915.05K shares per day over the past 3-months and 964130 shares per day over the past 10 days. A total of 61.71M shares are outstanding, with a floating share count of 60.62M. Insiders hold about 2.73% of the company’s shares, while institutions hold 100.93% stake in the company. Shares short for RPD as of 1715731200 were 4141815 with a Short Ratio of 4.53, compared to 1713139200 on 3836170. Therefore, it implies a Short% of Shares Outstanding of 4141815 and a Short% of Float of 8.6.

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