Director Mike Burns buys 2,000 RPD shares at $13.80; 2 other insiders bought in past 14 days amid 67.7% decline from 52-week high.
Mike Burns, a director at Rapid7, purchased 2,000 shares at $13.80 on 2025-11-20, increasing his holdings from 3,000 to 5,000 shares. This purchase occurs within a cluster pattern—2 other insiders also bought within the past 14 days—suggesting coordinated confidence at depressed valuations. The stock has declined 67.7% from its 52-week high of $43.94 and 26.0% over the past 30 days, positioning this buy near recent lows. While Rapid7 maintains solid fundamentals with $218.0M in quarterly revenue and a 48.97 P/E ratio, the aggressive price decline and synchronized insider accumulation signal management views the current price as attractive relative to intrinsic value.