Rapid7 (RPD) to Release Quarterly Earnings on Tuesday

Rapid7 (NASDAQ:RPD) will be releasing its earnings data after the market closes on Tuesday, May 7th. Analysts expect Rapid7 to post earnings of $0.54 per share for the quarter. Rapid7 has set its FY 2024 guidance at 2.100-2.210 EPS and its Q1 2024 guidance at 0.520-0.550 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Rapid7 (NASDAQ:RPD) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.27. Rapid7 had a negative return on equity of 1.36% and a negative net margin of 19.19%. The business had revenue of $205.27 million for the quarter, compared to analyst estimates of $201.52 million. On average, analysts expect Rapid7 to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Rapid7 Stock Performance

Shares of RPD stock opened at $45.21 on Monday. The company has a market capitalization of $2.82 billion, a price-to-earnings ratio of -18.01 and a beta of 1.01. The stock’s 50 day simple moving average is $49.82 and its 200 day simple moving average is $52.87. Rapid7 has a twelve month low of $39.49 and a twelve month high of $61.88.

Analyst Upgrades and Downgrades

RPD has been the topic of a number of recent analyst reports. Citigroup raised shares of Rapid7 from a “neutral” rating to a “buy” rating and lifted their price target for the company from $54.00 to $65.00 in a research report on Tuesday, January 9th. UBS Group raised shares of Rapid7 from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $53.00 to $70.00 in a research report on Monday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $70.00 price target on shares of Rapid7 in a research report on Thursday, February 8th. Scotiabank initiated coverage on Rapid7 in a research note on Friday, April 26th. They issued a “sector perform” rating and a $46.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their target price on Rapid7 from $61.00 to $60.00 and set a “neutral” rating for the company in a research note on Thursday, February 8th. Nine equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $55.56.

Insiders Place Their Bets

In other Rapid7 news, COO Andrew F. Burton sold 20,653 shares of Rapid7 stock in a transaction on Monday, April 8th. The shares were sold at an average price of $48.73, for a total transaction of $1,006,420.69. Following the sale, the chief operating officer now owns 236,841 shares in the company, valued at $11,541,261.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Andrew F. Burton sold 20,653 shares of the stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $48.73, for a total value of $1,006,420.69. Following the completion of the transaction, the chief operating officer now owns 236,841 shares of the company’s stock, valued at $11,541,261.93. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Andrew F. Burton sold 31,727 shares of the firm’s stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $53.07, for a total transaction of $1,683,751.89. Following the transaction, the chief operating officer now owns 257,494 shares of the company’s stock, valued at approximately $13,665,206.58. The disclosure for this sale can be found here. Corporate insiders own 2.60% of the company’s stock.

About Rapid7

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.