Tuesday, January 30, 2018 10:15 PM ET
Rapid7 (RPD) Insiders Make Significant Share Sales Extending the Trend of Last Quarter
Two insiders — Alan Matthews, Director, and Corey E Thomas, Director and Officer — sold 450,000 shares of Rapid7 having a market value of approximately $9,454,500, today, as revealed in form 4 documents filed with the SEC. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 1,895,414 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,345,414 shares and have averaged 335,059 shares per transaction over this time period.
Relative to its peers over the last 90 days, insider buy/sell trading at Rapid7 is higher than the 99-company peer group average. Software peer group saw 160 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 144,400 shares purchased and 12,441,753 shares sold with company insiders selling 76,858 shares on average.
In order to focus on significant insider buying and selling activity, 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 has been eliminated data sourced to compose and write this story.
Today’s Insider Activity
* Alan Matthews, Director, sold 200,000 shares
* Corey E Thomas, Director and Officer, sold 250,000 shares
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