In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Rapid7 Inc. (NASDAQ:RPD) reported that Bain Capital Venture Fund 2007, L.p. has picked up 6,626,923 of common stock as of 2017-06-07.
The acquisition brings the aggregate amount owned by Bain Capital Venture Fund 2007, L.p. to a total of 6,626,923 representing less than 15.3% stake in the company.
For those not familiar with the company, Rapid7, Inc. is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users. Leveraging its IT data and analytics platform, its solutions enable organizations to manage their cyber security exposure and manage IT operations. Its solutions empower organizations to prevent attacks by providing visibility into vulnerabilities, and allow them to detect compromises, respond to breaches and correct the underlying causes of attacks. By providing a unified IT and security platform, with automated workflow, it enables IT and security to work together to develop, operate and secure their environment.
A glance at Rapid7 Inc. (NASDAQ:RPD)’s key stats reveals a current market capitalization of 772.27 Million based on 42.86 Million shares outstanding and a price at last close of $18.00 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2015-07-22, Hoag picked up 1,960 at a purchase price of $16.00. This brings their total holding to 53,947 as of the date of the filing.
On the sell side, the most recent transaction saw Bain unload 1,400,000 shares at a sale price of $18.00. This brings their total holding to 7,581,230.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Rapid7 Inc. (NASDAQ:RPD) as things move forward to see if its progress aligns with these transactions.
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