Could Rapid7 Inc (NASDAQ:RPD) See a Reversal After More Sellers Came In?

August 12, 2018 - By Mark Mitchell

Rapid7, Inc. (NASDAQ:RPD) Logo

The stock of Rapid7 Inc (NASDAQ:RPD) registered an increase of 5.3% in short interest. RPD’s total short interest was 821,200 shares in August as published by FINRA. Its up 5.3% from 779,900 shares, reported previously. With 260,500 shares average volume, it will take short sellers 3 days to cover their RPD’s short positions. The short interest to Rapid7 Inc’s float is 3.55%.

The stock decreased 3.31% or $1.09 during the last trading session, reaching $31.8. About 308,402 shares traded. Rapid7, Inc. (NASDAQ:RPD) has risen 68.68% since August 12, 2017 and is uptrending. It has outperformed by 56.11% the S&P500.

Rapid7, Inc. provides security data and analytics solutions that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The company has market cap of $1.49 billion. It offers threat exposure management solutions, including Nexpose, which enables clients to assess and remediate their exposure to cyber risk; Metasploit, a penetration testing software solution; and AppSpider, an application security testing solution. It currently has negative earnings. The firm also provides incident detection and response solutions, such as InsightIDR, a cloud based offering for incident detection and response; Managed Detection and Response, a managed service, which provides clients with attacker behavior analytics, machine learning algorithms, and threat intelligence to hunt attackers; and incident response services that provide clients with access to security experts and experience.

Rapid7, Inc. (NASDAQ:RPD) Ratings Coverage

Among 7 analysts covering Rapid7 (NASDAQ:RPD), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Rapid7 had 12 analyst reports since February 13, 2018 according to SRatingsIntel. Morgan Stanley maintained it with “Equal-Weight” rating and $23 target in Tuesday, February 13 report. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, August 7 report. The rating was maintained by Cowen & Co with “Buy” on Friday, April 20. The firm has “Overweight” rating given on Wednesday, May 9 by KeyBanc Capital Markets. The firm has “Buy” rating by Needham given on Monday, April 23. The company was initiated on Tuesday, April 10 by DA Davidson. The company was downgraded on Monday, June 18 by BTIG Research. The stock of Rapid7, Inc. (NASDAQ:RPD) has “Buy” rating given on Friday, April 13 by BTIG Research. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, May 9. Morgan Stanley maintained it with “Equal-Weight” rating and $30 target in Wednesday, May 9 report.

More notable recent Rapid7, Inc. (NASDAQ:RPD) news were published by: Nasdaq.com which released: “Rapid7 to Present at the KeyBanc Capital Markets Technology Leadership Forum” on August 08, 2018, also Benzinga.com with their article: “77 Biggest Movers From Yesterday” published on August 08, 2018, Seekingalpha.com published: “Rapid7 +12% on Q2 beats, analyst target increase” on August 07, 2018. More interesting news about Rapid7, Inc. (NASDAQ:RPD) were released by: Globenewswire.com and their article: “Rapid7 Announces Second Quarter 2018 Financial Results” published on August 06, 2018 as well as Benzinga.com‘s news article titled: “64 Stocks Moving In Tuesday’s Mid-Day Session” with publication date: August 07, 2018.

Rapid7, Inc. (NASDAQ:RPD) Ratings Chart

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