Analysts Expect Rapid7, Inc. (NASDAQ:RPD) Will Post Earnings of $0.03 Per Share

Equities research analysts predict that Rapid7, Inc. (NASDAQ:RPD – Get Rating) will announce $0.03 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Rapid7’s earnings. The lowest EPS estimate is $0.00 and the highest is $0.09. Rapid7 reported earnings of $0.07 per share in the same quarter last year, which suggests a negative year over year growth rate of 57.1%. The business is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that Rapid7 will report full-year earnings of $0.13 per share for the current year, with EPS estimates ranging from $0.10 to $0.16. For the next fiscal year, analysts anticipate that the business will post earnings of $0.50 per share, with EPS estimates ranging from $0.36 to $0.63. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Rapid7.

Rapid7 (NASDAQ:RPD – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The technology company reported ($0.16) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.16). The firm had revenue of $157.00 million during the quarter, compared to analyst estimates of $154.15 million. During the same quarter in the previous year, the firm posted ($0.42) earnings per share. Rapid7’s quarterly revenue was up 33.6% compared to the same quarter last year.

A number of equities analysts have recently issued reports on the stock. KeyCorp increased their price objective on shares of Rapid7 from $126.00 to $129.00 and gave the company an “overweight” rating in a research note on Thursday, February 10th. Piper Sandler lowered their target price on shares of Rapid7 from $140.00 to $120.00 in a report on Thursday. StockNews.com began coverage on shares of Rapid7 in a report on Thursday, March 31st. They issued a “sell” rating on the stock. The Goldman Sachs Group lowered shares of Rapid7 from a “buy” rating to a “neutral” rating and set a $130.00 target price on the stock. in a report on Tuesday, April 12th. Finally, TheStreet lowered shares of Rapid7 from a “c-” rating to a “d+” rating in a report on Friday, January 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Rapid7 presently has an average rating of “Buy” and an average target price of $127.44.

In other news, Director Thomas E. Schodorf sold 260 shares of Rapid7 stock in a transaction on Monday, April 4th. The stock was sold at an average price of $112.54, for a total transaction of $29,260.40. Following the completion of the sale, the director now owns 5,290 shares of the company’s stock, valued at $595,336.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Andrew F. Burton sold 5,498 shares of the business’s stock in a transaction dated Tuesday, March 22nd. The shares were sold at an average price of $110.00, for a total value of $604,780.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 55,968 shares of company stock valued at $5,656,672. Company insiders own 3.60% of the company’s stock.

Several large investors have recently added to or reduced their stakes in RPD. Moors & Cabot Inc. grew its holdings in shares of Rapid7 by 14.8% during the third quarter. Moors & Cabot Inc. now owns 25,000 shares of the technology company’s stock worth $27,000 after purchasing an additional 3,222 shares during the last quarter. Clearstead Advisors LLC bought a new stake in Rapid7 in the third quarter valued at approximately $30,000. UMB Bank N A MO bought a new stake in Rapid7 in the fourth quarter valued at approximately $33,000. Evoke Wealth LLC bought a new stake in Rapid7 in the fourth quarter valued at approximately $35,000. Finally, Captrust Financial Advisors boosted its holdings in Rapid7 by 89.3% in the third quarter. Captrust Financial Advisors now owns 318 shares of the technology company’s stock valued at $36,000 after acquiring an additional 150 shares during the last quarter. Institutional investors own 98.03% of the company’s stock.

NASDAQ:RPD traded down $13.83 during trading hours on Monday, hitting $80.88. 28,858 shares of the company traded hands, compared to its average volume of 440,243. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of -32.30 and a beta of 1.38. Rapid7 has a twelve month low of $72.96 and a twelve month high of $145.00. The firm has a 50-day moving average of $105.86 and a 200 day moving average of $110.71.

Rapid7 Company Profile (Get Rating)

Rapid7, Inc provides cyber security solutions. The company offers a cloud-native insight platform that enables customers to create and manage analytics-driven cyber security risk management programs. Its platform includes InsightIDR, an incident detection and response solution; InsightCloudSec, a solution that integrates posture management, workload protection, infrastructure entitlements management, infrastructure-as-code security, and Kubernetes protection; InsightVM, a vulnerability risk management solution that is designed to provide a way to collect vulnerability data, prioritize risk, and automate remediation; InsightAppSec, which provides application security testing that analyzes web applications for security vulnerabilities; and InsightConnect, a security orchestration and automation response solution that is used by security professionals.

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