A closer look at Rapid7 Inc (RPD)’s stock price trends

While Rapid7 Inc has overperformed by 0.67%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, RPD rose by 51.54%, with highs and lows ranging from $60.15 to $32.97, whereas the simple moving average jumped by 13.26% in the last 200 days.

On January 09, 2024, Citigroup Upgraded Rapid7 Inc (NASDAQ: RPD) to Buy.

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Analysis of Rapid7 Inc (RPD)

Further, the quarter-over-quarter increase in sales is 13.13%, showing a positive trend in the upcoming months.

There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Rapid7 Inc’s future performance, with equity being one of the most critical indicators. Taking into account the quick ratio of the company, currently set at 0.98, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

As an indicator of volatility for any stock, average volume can also be very valuable, and RPD is recording an average volume of 732.18K. On a monthly basis, the volatility of the stock is set at 3.07%, whereas on a weekly basis, it is put at 3.04%, with a gain of 1.58% over the past seven days. Furthermore, long-term investors anticipate a median target price of $58.06, showing growth from the present price of $55.19, which can serve as yet another indication of whether RPD is worth investing in or should be passed over.

How Do You Analyze Rapid7 Inc Shares?

Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 2.66%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 100.43% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in RPD shares?

The recent increase in stakes in RPD appears to be a result of several institutional investors and hedge funds increasing their positions. The Vanguard Group, Inc.’s position in RPD has increased by 2.14% in the first quarter. The company now owns 6,865,266 shares of the stock, with a value of $392.01 million, following the purchase of 143,806 additional shares during the last quarter. BlackRock Fund Advisors made another increased to its shares in RPD during the first quarter, upping its stake by 0.74%. During the last quarter, the company picked up 34,406 additional shares for a total stake of worth $267.23 million, bringing number of shares owned by the company to 4,680,002.

During the first quarter, First Trust Advisors LP added a 1,124,429 position in RPD. Point72 Asset Management LP purchased an additional 1.04 million shares in the last quarter, increasing its holdings by 53.73%, now holding 2.98 million shares worth $170.03 million. RPD shares are owned by institutional investors to the tune of 100.43% at present.

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