Rapid7 Inc. (RPD)
RPD INVESTIGATION ALERT: BFA Law Informs Rapid7, Inc. (Nasdaq:RPD) Investors that it is Investigating the Potential Acquisition, and Urges Shareholders to Contact Us
nNEW YORK, NY / ACCESSWIRE / June 30, 2024 / Top law firm Bleichmar Fonti & Auld LLP is investigating the potential acquisition of Rapid7, Inc. (Nasdaq:RPD) If you are a shareholder of Rapid7, you are encouraged to obtain additional information by visiting: Click Here . Ongoing Stockholder Investigation BFA is currently investigating potential claims for breach of fiduciary duty against the board of directors and/or senior management of Rapid7, Inc. in connection with recent news reports concerning the potential for a merger transaction involving the company.
Activist Jana has a stake in Rapid7. There are two paths to bolster value at the cybersecurity company
In a situation like this, there are typically two paths to boost shareholder value, including a potential overhaul of management
RAPID7 INVESTOR ALERT: BFA Law is Investigating a Potential Transaction between Rapid7, Inc. (Nasdaq:RPD) and Cannae Holdings, Shareholders are Urged to Contact the Firm
NEW YORK, NY / ACCESSWIRE / June 28, 2024 / Top law firm Bleichmar Fonti & Auld LLP is investigating the potential acquisition of Rapid7, Inc. (NASDAQ:RPD) If you are a shareholder of Rapid7, you are encouraged to obtain additional information by visiting: Click Here . Ongoing Stockholder Investigation BFA is currently investigating potential claims for breach of fiduciary duty against the board of directors and/or senior management of Rapid7, Inc. in connection with recent news reports concerning the potential for a merger transaction involving the company.
Jana Partners Is Betting Big on Rapid7 (RPD) Stock. It Wants a Sale.
Rapid7 (NASDAQ: RPD ) stock is climbing higher on Thursday after activist investor Jana Partners pushed the cybersecurity solutions company for a sale of its business. According to insider sources, Jana Partners has enough of a stake in the company to push for this sale.
Rapid7 (RPD) Surges 6.8%: Is This an Indication of Further Gains?
Rapid7 (RPD) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.
Activist investor Jana pushes Rapid7 to consider a sale
Jana Partners, the activist investor that has successfully pushed for the sale of multiple companies, has built a stake in Rapid7 and is urging the cybersecurity company to sell itself, a person familiar with the matter said on Wednesday.
Rapid7, Inc. (NASDAQ:RPD) Shares Sold by Amalgamated Bank
Amalgamated Bank reduced its stake in shares of Rapid7, Inc. (NASDAQ:RPD – Free Report) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,593 shares of the technology company’s stock after selling 602 shares during the period. Amalgamated Bank’s holdings in Rapid7 were worth $491,000 as of its most recent SEC filing. Other large investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Rapid7 in the 3rd quarter valued at $255,000. Strs Ohio grew its holdings in Rapid7 by 100.0% during the 3rd quarter. Strs Ohio now owns 2,600 shares of the technology company’s stock worth $119,000 after acquiring an additional 1,300 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Rapid7 by 13.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,917 shares of the technology company’s stock worth $134,000 after purchasing an additional 336 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Rapid7 by 67.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 10,584 shares of the technology company’s stock worth $485,000 after acquiring an additional 4,249 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in Rapid7 by 30.1% in the third quarter. California Public Employees Retirement System now owns 109,234 shares of the technology company’s stock valued at $5,001,000 after purchasing an additional 25,246 shares in the last quarter. 95.66% of the stock is currently owned by hedge funds and other institutional investors. Insider Activity at Rapid7 In other Rapid7 news, COO Andrew F. Burton sold 20,653 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $48.73, for a total transaction of $1,006,420.69. Following the transaction, the chief operating officer now owns 236,841 shares of the company’s stock, valued at $11,541,261.93. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, COO Andrew F. Burton sold 31,727 shares of the business’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $53.07, for a total transaction of $1,683,751.89. Following the completion of the sale, the chief operating officer now owns 257,494 shares in the company, valued at approximately $13,665,206.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Andrew F. Burton sold 20,653 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $48.73, for a total transaction of $1,006,420.69. Following the completion of the transaction, the chief operating officer now owns 236,841 shares in the company, valued at approximately $11,541,261.93. The disclosure for this sale can be found here. 2.60% of the stock is owned by insiders. Wall Street Analysts Forecast Growth Several equities analysts have issued reports on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Rapid7 in a report on Friday, May 10th. Stifel Nicolaus dropped their price target on shares of Rapid7 from $63.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, May 8th. Piper Sandler dropped their price objective on Rapid7 from $56.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. JPMorgan Chase & Co. dropped their target price on shares of Rapid7 from $61.00 to $60.00 and set a “neutral” rating for the company in a report on Thursday, February 8th. Finally, Citigroup dropped their price target on Rapid7 from $65.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, May 8th. Eleven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $51.73. Read Our Latest Research Report on Rapid7 Rapid7 Price Performance RPD opened at $38.11 on Monday. Rapid7, Inc. has a 12 month low of $35.22 and a 12 month high of $61.88. The business has a 50-day moving average of $46.49 and a two-hundred day moving average of $52.31. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -18.59 and a beta of 1.01. About Rapid7 (Free Report) Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.
