Group One Trading LP Has Cut Micron Technology (MU) Position; Rapid7 (RPD) Shorts Raised By 9.45%

August 12, 2018 - By Catherine Diaz

Rapid7, Inc. (NASDAQ:RPD) Logo

Group One Trading Lp decreased Micron Technology Inc (MU) stake by 75.43% reported in 2018Q1 SEC filing. Group One Trading Lp sold 1.61 million shares as Micron Technology Inc (MU)’s stock rose 27.87%. The Group One Trading Lp holds 523,754 shares with $27.31M value, down from 2.13M last quarter. Micron Technology Inc now has $59.58B valuation. The stock decreased 1.70% or $0.89 during the last trading session, reaching $51.37. About 29.96 million shares traded. Micron Technology, Inc. (NASDAQ:MU) has risen 108.46% since August 12, 2017 and is uptrending. It has outperformed by 95.89% the S&P500. Some Historical MU News: 26/03/2018 – MICRON SOLUTIONS INC QTRLY SHR LOSS $0.13; 12/03/2018 – Cramer: Micron’s strength means Intel is a buy; 14/05/2018 – Coatue Buys New 1.2% Position in Micron; 22/03/2018 – MICRON 2Q ADJ GROSS MARGIN +58.4%; 21/05/2018 – MICRON TECHNOLOGY INC – CO, INTEL ALSO ANNOUNCED DEVELOPMENT PROGRESS ON THIRD-GENERATION 96-TIER 3D NAND STRUCTURE; 06/04/2018 – Tech Today: Sandberg Speaks, Defending Micron, Cheers for OLED — Barron’s Blog; 23/03/2018 – MICRON TECHNOLOGY INC MU.O : WELLS FARGO RAISES TARGET PRICE TO $70 FROM $54; 02/04/2018 – After-hours buzz: NKE, MU, & more; 21/05/2018 – Micron CFO: Ten Billion Dollars! Remember That! — Barron’s Blog; 06/03/2018 – Tech Today: Broadcom Rising, Another Netflix Target Hike, Bully for Micron — Barron’s Blog

Rapid7 Inc (NASDAQ:RPD) had an increase of 9.45% in short interest. RPD’s SI was 784,200 shares in August as released by FINRA. Its up 9.45% from 716,500 shares previously. With 530,600 avg volume, 2 days are for Rapid7 Inc (NASDAQ:RPD)’s short sellers to cover RPD’s short positions. The SI to Rapid7 Inc’s float is 3.39%. The stock decreased 3.31% or $1.09 during the last trading session, reaching $31.8. About 308,402 shares traded. Rapid7, Inc. (NASDAQ:RPD) has risen 68.68% since August 12, 2017 and is uptrending. It has outperformed by 56.11% the S&P500. Some Historical RPD News: 08/05/2018 – Rapid7 1Q Loss/Shr 36c; 08/05/2018 – RAPID7 1Q ADJ LOSS/SHR 15C, EST. LOSS/SHR 19C; 09/05/2018 – RAPID7 INC RPD.O : BARCLAYS RAISES TARGET PRICE TO $36 FROM $30; 30/05/2018 – Rapid7 Presenting at Cowen Conference Tomorrow; 09/05/2018 – Columbus Circle Investors Buys New 1.1% Position in Rapid7; 17/05/2018 – RAPID7 HOLDER BAIN CAPITAL VENTURE CUT STAKE TO 4.1%; 08/05/2018 – RAPID7 INC – SEES FY UNDER ASC 606 REVENUE $231.0 MLN TO $236.5 MLN; 09/05/2018 – RAPID7 INC RPD.O : COWEN AND COMPANY RAISES TARGET PRICE TO $35 FROM $30; 20/03/2018 – Checkmarx Names Bernd Leger Chief Marketing Officer; 08/05/2018 – RAPID7 INC – SEES FY UNDER ASC 606 NON-GAAP NET LOSS PER SHARE $0.55 TO $0.42

More notable recent Rapid7, Inc. (NASDAQ:RPD) news were published by: Seekingalpha.com which released: “Rapid7 +12% on Q2 beats, analyst target increase” on August 07, 2018, also Globenewswire.com with their article: “Rapid7 Announces Second Quarter 2018 Financial Results” published on August 06, 2018, Nasdaq.com published: “Rapid7 to Present at the KeyBanc Capital Markets Technology Leadership Forum” on August 08, 2018. More interesting news about Rapid7, Inc. (NASDAQ:RPD) were released by: Benzinga.com and their article: “77 Biggest Movers From Yesterday” published on August 08, 2018 as well as Benzinga.com‘s news article titled: “64 Stocks Moving In Tuesday’s Mid-Day Session” with publication date: August 07, 2018.

Among 7 analysts covering Rapid7 (NASDAQ:RPD), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Rapid7 had 12 analyst reports since February 13, 2018 according to SRatingsIntel. The firm has “Buy” rating by Needham given on Monday, April 23. The stock has “Equal-Weight” rating by Morgan Stanley on Tuesday, February 13. The firm has “Buy” rating given on Wednesday, May 9 by Stifel Nicolaus. The firm has “Buy” rating given on Friday, April 13 by BTIG Research. The firm has “Neutral” rating by BTIG Research given on Monday, June 18. KeyBanc Capital Markets maintained the shares of RPD in report on Wednesday, May 9 with “Overweight” rating. Cowen & Co maintained it with “Buy” rating and $3000 target in Friday, April 20 report. The firm has “Hold” rating given on Tuesday, April 10 by DA Davidson. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, May 9. The rating was maintained by Stifel Nicolaus with “Buy” on Tuesday, August 7.

Rapid7, Inc. provides security data and analytics solutions that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The company has market cap of $1.49 billion. It offers threat exposure management solutions, including Nexpose, which enables clients to assess and remediate their exposure to cyber risk; Metasploit, a penetration testing software solution; and AppSpider, an application security testing solution. It currently has negative earnings. The firm also provides incident detection and response solutions, such as InsightIDR, a cloud based offering for incident detection and response; Managed Detection and Response, a managed service, which provides clients with attacker behavior analytics, machine learning algorithms, and threat intelligence to hunt attackers; and incident response services that provide clients with access to security experts and experience.

Among 25 analysts covering Micron (NASDAQ:MU), 19 have Buy rating, 0 Sell and 6 Hold. Therefore 76% are positive. Micron had 50 analyst reports since February 21, 2018 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, June 21 by Needham. The rating was maintained by Cowen & Co with “Buy” on Wednesday, February 28. The firm has “Buy” rating given on Tuesday, June 19 by RBC Capital Markets. As per Thursday, May 31, the company rating was downgraded by Morgan Stanley. The rating was maintained by JP Morgan on Tuesday, May 22 with “Overweight”. The firm has “Outperform” rating by Cowen & Co given on Thursday, June 21. The company was maintained on Friday, March 23 by Stifel Nicolaus. On Tuesday, March 6 the stock rating was maintained by Goldman Sachs with “Buy”. The stock of Micron Technology, Inc. (NASDAQ:MU) has “Buy” rating given on Tuesday, May 15 by Mizuho. The rating was maintained by JP Morgan with “Overweight” on Friday, March 23.

Group One Trading Lp increased Toronto Dominion Bk Ont (Call) stake by 49,800 shares to 103,600 valued at $5.89M in 2018Q1. It also upped Altria Group Inc (NYSE:MO) stake by 11,385 shares and now owns 115,761 shares. Enterprise Prods Partners L (Put) was raised too.

Investors sentiment decreased to 1.13 in 2018 Q1. Its down 0.11, from 1.24 in 2017Q4. It turned negative, as 52 investors sold MU shares while 282 reduced holdings. 138 funds opened positions while 241 raised stakes. 846.69 million shares or 4.13% less from 883.15 million shares in 2017Q4 were reported. Dsam Ptnrs (London) Ltd has 1.47% invested in Micron Technology, Inc. (NASDAQ:MU) for 166,430 shares. Group One Trading Limited Partnership has 523,754 shares. State Street reported 44.37M shares or 0.2% of all its holdings. Amica Retiree Medical Trust stated it has 0.25% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Corsair Cap Lp accumulated 9,376 shares or 0.09% of the stock. State Treasurer State Of Michigan accumulated 0.14% or 340,444 shares. Navellier & Associates reported 1.82% in Micron Technology, Inc. (NASDAQ:MU). Legal And General Grp Inc Pcl accumulated 0.2% or 5.07 million shares. 221,565 were accumulated by Tudor Invest Corporation Et Al. Picton Mahoney Asset Mngmt has invested 0.22% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Gideon Advsrs holds 2.01% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 62,336 shares. Paloma Prtnrs holds 0.06% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 71,140 shares. Hartford Com reported 0.25% in Micron Technology, Inc. (NASDAQ:MU). 18,133 were accumulated by Nuwave Inv Management Ltd Liability Company. Avalon Asset Management owns 203,560 shares.

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on September, 25. They expect $3.27 EPS, up 64.32% or $1.28 from last year’s $1.99 per share. MU’s profit will be $3.79B for 3.93 P/E if the $3.27 EPS becomes a reality. After $3.12 actual EPS reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 4.81% EPS growth.

Since February 14, 2018, it had 0 insider purchases, and 14 insider sales for $16.07 million activity. Shares for $768,439 were sold by Deboer Scott J. 100,000 shares valued at $5.40 million were sold by SWITZ ROBERT E on Monday, July 2. 40,000 shares were sold by Thorsen Steven L. JR, worth $2.20 million. The insider JOHNSON MERCEDES sold 25,000 shares worth $1.26M. $31,814 worth of Micron Technology, Inc. (NASDAQ:MU) was sold by ARNZEN APRIL S on Thursday, March 15. The insider BAILEY ROBERT L sold $175,478. Byrne Patrick J sold 14,360 shares worth $665,058.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Seekingalpha.com which released: “Micron: Sky-High Price Targets Justified?” on August 09, 2018, also Nasdaq.com with their article: “Trade of the Day: Micron (MU)” published on July 19, 2018, Finance.Yahoo.com published: “Micron Technology Teaches a Tough Trading Lesson” on August 11, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Nasdaq.com and their article: “Pre-Market Most Active for Jul 23, 2018 : MU, FCAU, LPNT, GE, TSLA, GSK, QQQ, CLF, TLRY, HCLP, ABX, SYNT” published on July 23, 2018 as well as Nasdaq.com‘s news article titled: “Get into Bank Stocks Soon Because Inflation Is on the Way” with publication date: August 09, 2018.

Micron Technology, Inc. (NASDAQ:MU) Institutional Positions Chart

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