Wednesday, November 15, 2017 10:15 PM ET
Insiders at Rapid7 (RPD) Make Significant Stock Sales Extends the Trend of Last Quarter
Two insiders — Bain Capital Venture Investers Llc, 10% Owner, and Benjamin Nye, 10% Owner and Director — today, disposed of 1,797,034 shares of Rapid7 having a market value of approximately $32,885,722, as reported in form 4 documents filed with the SEC. In the past 90 days prior to this transaction there was one insider buy/sell transaction which resulted in the sale of 72,770 shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,869,804 shares and have averaged 623,268 shares per transaction over this time period.
Insider buy/sell trading at Rapid7 is greater than the 96 peer company average over the last 90-day period. The Software peer group saw 155 buy/sell trades during this period for an average of 1.6 transactions per company. The number of shares per buy/sell trade for Rapid7 insiders was also higher. Within the peer group there were 1,294,605 shares purchased and 2,875,491 shares sold with company insiders selling 10,199 shares on average.
Insider buying and selling activity that is significant has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in creating and writing this story.
Today’s Insider Activity
* Bain Capital Venture Investers Llc, 10% Owner, sold 898,517 shares
* Benjamin Nye, 10% Owner and Director, sold 898,517 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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