Oppenheimer Asset Management Inc. lifted its holdings in shares of Rapid7, Inc. (NASDAQ:RPD – Free Report) by 5.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,735 shares of the technology company’s stock after acquiring an additional 976 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Rapid7 were worth $860,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of RPD. HighTower Advisors LLC increased its position in shares of Rapid7 by 9.1% during the first quarter. HighTower Advisors LLC now owns 2,354 shares of the technology company’s stock worth $261,000 after acquiring an additional 196 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Rapid7 by 30.2% during the first quarter. PNC Financial Services Group Inc. now owns 5,529 shares of the technology company’s stock worth $615,000 after acquiring an additional 1,281 shares during the last quarter. MetLife Investment Management LLC increased its position in shares of Rapid7 by 53.8% during the first quarter. MetLife Investment Management LLC now owns 29,914 shares of the technology company’s stock worth $3,328,000 after acquiring an additional 10,460 shares during the last quarter. Rhumbline Advisers grew its stake in Rapid7 by 3.8% in the first quarter. Rhumbline Advisers now owns 59,263 shares of the technology company’s stock worth $6,592,000 after purchasing an additional 2,152 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new position in Rapid7 in the first quarter worth about $1,631,000. 94.56% of the stock is owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director Marc Evan Brown sold 11,601 shares of Rapid7 stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $47.56, for a total transaction of $551,743.56. Following the sale, the director now owns 32,564 shares of the company’s stock, valued at $1,548,743.84. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.60% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on RPD
Rapid7 Stock Up 1.0 %
RPD opened at $47.78 on Friday. The business’s 50 day moving average is $44.94 and its 200-day moving average is $45.85. Rapid7, Inc. has a twelve month low of $26.49 and a twelve month high of $63.64.
Rapid7 Company Profile
Rapid7, Inc provides cybersecurity solutions. The company offers a cloud-native insight platform that enables customers to create and manage analytics-driven cybersecurity risk management programs. Its platform includes InsightIDR, an incident detection and response solution; InsightCloudSec, a cloud risk and compliance management platform; InsightVM helps organizations to discover and remediate vulnerability risk across their network; InsightAppSec that provides dynamic application security testing; and InsightConnect, a security orchestration and automation response solution.
See Also
- Five stocks we like better than Rapid7
- How to Choose Top Rated Stocks
- 2 Stocks to Get You Ready for the Holiday Season
- How to Calculate Stock Profit
- Profit Potential: 5 Undervalued Stocks With High Dividend Yields
- What is a Bond Market Holiday? How to Invest and Trade
- MarketBeat Week in Review – 8/21 – 8/25
Want to see what other hedge funds are holding RPD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Rapid7, Inc. (NASDAQ:RPD – Free Report).
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.
