Rapid7 price target lowered to $35 from $43 at Barclays

Barclays analyst Saket Kalia lowered the firm’s price target on Rapid7 (RPD) to $35 from $43 and keeps an Equal Weight rating on the shares. The company reported inline Q4 annual recurring revenue, but guided for operating margin and free cash flow to be well below estimates, the analyst tells investors in a research note. The firm says that with Jana Partners involved in this name, it wonders how this will play into the story moving forward.