On September 30, 2024, Reeny Sondhi, Director at Rapid7 Inc (RPD, Financial), sold 3,663 shares of the company, according to the SEC Filing. Following this transaction, the insider now owns 17,460 shares of the company.
Rapid7 Inc (RPD, Financial) is a cybersecurity company that provides analytics and automation solutions for security and IT operations. The company's products include vulnerability management, user behavior analytics, and threat detection solutions.
Over the past year, the insider has sold a total of 3,663 shares and has not made any purchases. This recent transaction is part of a broader trend observed over the past year, where there have been 8 insider sells and no insider buys at Rapid7 Inc.
Shares of Rapid7 Inc were trading at $40 on the day of the transaction. The company has a market cap of approximately $2.46 billion. According to GF Value, the stock is currently modestly undervalued, with a price-to-GF-Value ratio of 0.82, suggesting potential for price appreciation.
The GF Value of $49.05 is derived from historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted for the company's past performance and expected future business outcomes.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of confidence in the company's future prospects. The transaction details and the company's valuation metrics provide a snapshot of the current financial landscape at Rapid7 Inc.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
