Robert W. Baird Sticks to Their Buy Rating for Rapid7 (RPD)

Robert W. Baird analyst Shrenik Kothari maintained a Buy rating on Rapid7 (RPDResearch Report) today. The company’s shares opened today at $40.00.

Kothari covers the Technology sector, focusing on stocks such as Okta, Fortinet, and Splunk. According to TipRanks, Kothari has an average return of 7.2% and a 61.54% success rate on recommended stocks.

Currently, the analyst consensus on Rapid7 is a Moderate Buy with an average price target of $43.54.

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Based on Rapid7’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $175.77 million and a GAAP net loss of $28.73 million. In comparison, last year the company earned a revenue of $139.89 million and had a GAAP net loss of $37.7 million

Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of RPD in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Rapid7, Inc. engages in the provision of cyber security analytics and automation services. Its product includes insight platform, which offers InsightVM, InsightIDR, InsightAppSec, and InsightConnect. The company was founded by Alan P. Matthews, Tas Giakouminakis and Chad Loder in July 2000 and is headquartered in Boston, MA.

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