Market Recap: Rapid7 Inc (RPD)’s Negative Momentum, Closing at 37.08

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The closing price of Rapid7 Inc (NASDAQ: RPD) was $37.08 for the day, down -2.03% from the previous closing price of $37.85. In other words, the price has decreased by -$2.03 from its previous closing price. On the day, 1.16 million shares were traded. RPD stock price reached its highest trading level at $38.445 during the session, while it also had its lowest trading level at $36.89.

Ratios:

Our analysis of RPD’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 18.22. 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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 2310992640 and an Enterprise Value of 2921604096. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.89. Its current Enterprise Value per Revenue stands at 3.654 whereas that against EBITDA is 55.273.

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 -23.39%, while the 200-Day Moving Average is calculated to be -27.08%.

Shares Statistics:

RPD traded an average of 843.43K shares per day over the past three months and 1866880 shares per day over the past ten days. A total of 61.71M shares are outstanding, with a floating share count of 60.60M. Insiders hold about 2.77% of the company’s shares, while institutions hold 96.87% stake in the company. Shares short for RPD as of 1714435200 were 3913663 with a Short Ratio of 4.64, compared to 1711584000 on 3771190. Therefore, it implies a Short% of Shares Outstanding of 3913663 and a Short% of Float of 8.129999999999999.

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