Wednesday, January 31, 2018 10:15 PM ET
Rapid7 (RPD) sees Significant Insider Sales Extending the Trend of Last Quarter
Two insiders — Bain Capital Venture Investers Llc, 10% Owner, and Benjamin Nye, 10% Owner and Director — disposed of 4,000,000 shares of Rapid7 having a market value of approximately $84,040,000, today, as disclosed in form 4 documents filed with the SEC. There have been 6 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 2,345,414 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 6,345,414 shares and have averaged 793,177 shares per transaction over this time period.
Insiders at Rapid7 have a higher number of buy/sell transactions than the 99-peer company average over the last 90-day period. The Software peer group saw 161 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 12,889,753 shares sold with company insiders having sold 79,164 shares on average.
For the purpose of evaluating significant insider buying and selling all trades reported to the SEC that involve awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers have been eliminated in data sourced to create and write this story.
Today’s Insider Activity
* Bain Capital Venture Investers Llc, 10% Owner, sold 2,000,000 shares
* Benjamin Nye, 10% Owner and Director, sold 2,000,000 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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