Rapid7 chief people officer Luconi sells $616,183 in stock

Christina Luconi, Chief People Officer at Rapid7, Inc. (NASDAQ:RPD), recently sold shares of the company, according to a filing with the Securities and Exchange Commission. On March 7, Luconi sold a total of 21,488 shares of Rapid7 common stock, generating approximately $616,183 in proceeds. The shares were sold in two separate transactions, with prices ranging from $28.11 to $29.25 per share. The sale comes as the stock trades near its 52-week low of $27.67, with a year-to-date decline of over 30%. According to InvestingPro data, the company maintains a healthy gross margin of 70.26% and generates annual revenue of $844 million.

After these transactions, Luconi’s direct ownership stands at 70,716 shares. The sales were conducted under a pre-arranged trading plan, as indicated in the Form 4 filing. Rapid7, headquartered in Boston, is known for its cybersecurity software and services. InvestingPro analysis reveals 14 additional investment tips for RPD, including insights on valuation metrics and growth prospects. Get access to the comprehensive Pro Research Report, available for Rapid7 and 1,400+ other US stocks, to make more informed investment decisions.

In other recent news, Rapid7 reported its fourth-quarter financial results, revealing a 5% year-over-year revenue growth to $216.26 million, surpassing analyst expectations of $212.17 million. However, the company’s adjusted earnings per share (EPS) of $0.48 slightly missed the consensus forecast of $0.50. Looking ahead, Rapid7 issued guidance for the first quarter and full year 2025 that fell short of Wall Street’s projections, with Q1 revenue expected between $207-209 million and full-year revenue guidance of $860-870 million, below the anticipated $886.25 million.

Analysts have responded with adjustments to their outlooks. DA Davidson, Mizuho (NYSE:MFG), and Citi have all lowered their price targets for Rapid7, with DA Davidson setting a new target of $35, Mizuho at $39, and Citi at $44, while maintaining neutral and buy ratings respectively. Jefferies also reduced its price target to $45 but reaffirmed a buy rating, noting the company’s current valuation as attractive despite the challenges. Rapid7’s annual recurring revenue (ARR) increased by 4% year-over-year, aligning with consensus estimates, but the company faces operational challenges, including increased customer churn in its Vulnerability Management segment.

Despite these hurdles, Rapid7’s Detection and Response segment is experiencing mid-teens growth, and the company is focusing on Managed Detection and Response capabilities with planned investments. Analysts from Citi and Jefferies have pointed out the potential for future growth, citing the company’s strategic shifts and attractive valuation as factors that could appeal to investors. Nonetheless, concerns remain about Rapid7’s ability to significantly boost ARR growth in the near term, as highlighted by Mizuho’s analysis.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.