Forex
Rapid7 Share Holdings Trimmed by Royal Bank of Canada Amid Market Volatility
Royal Bank of Canada (RBC) recently trimmed its holdings in Rapid7, Inc. (NASDAQ: RPD), selling off nearly 92% of its shares during the first quarter.
According to a recent SEC filing, RBC owned 241,291 shares of Rapid7's stock after disposing of 2,823,771 shares. This represents approximately 0.36% of Rapid7's total outstanding shares, valued at $1,330,000.
Other large investors, such as Prudential Financial Inc. and Parallel Advisors LLC, also made adjustments to their holdings in Rapid7 during the quarter, although their positions increased rather than decreased.