Equities research analysts expect Rapid7, Inc. (NASDAQ:RPD) to report $49.89 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Rapid7’s earnings. The lowest sales estimate is $49.60 million and the highest is $50.30 million. Rapid7 posted sales of $40.34 million during the same quarter last year, which suggests a positive year-over-year growth rate of 23.7%. The business is scheduled to issue its next earnings results after the market closes on Tuesday, November 7th.
According to Zacks, analysts expect that Rapid7 will report full-year sales of $49.89 million for the current financial year, with estimates ranging from $196.00 million to $198.00 million. For the next year, analysts expect that the company will report sales of $237.75 million per share, with estimates ranging from $234.90 million to $240.10 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Rapid7.
Rapid7 (NASDAQ:RPD) last released its earnings results on Monday, August 7th. The technology company reported ($0.26) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.30) by $0.04. The firm had revenue of $47.44 million during the quarter, compared to analyst estimates of $46.31 million. Rapid7 had a negative return on equity of 98.26% and a negative net margin of 23.67%. The business’s quarterly revenue was up 27.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.22) earnings per share.
Several analysts have recently commented on RPD shares. ValuEngine cut Rapid7 from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. BidaskClub cut Rapid7 from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. KeyCorp reaffirmed a “buy” rating and issued a $25.00 target price on shares of Rapid7 in a research report on Friday, October 6th. Zacks Investment Research cut Rapid7 from a “hold” rating to a “sell” rating in a research report on Thursday, October 5th. Finally, UBS AG raised Rapid7 from a “neutral” rating to a “positive” rating and set a $20.00 target price for the company in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. Rapid7 presently has an average rating of “Hold” and an average price target of $20.19.
Rapid7 (NASDAQ:RPD) opened at 17.63 on Wednesday. Rapid7 has a 1-year low of $10.63 and a 1-year high of $19.29. The company has a 50-day moving average price of $17.61 and a 200 day moving average price of $17.61. The firm’s market capitalization is $760.05 million.
In related news, Chairman Alan Matthews sold 52,770 shares of Rapid7 stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $17.22, for a total transaction of $908,699.40. Following the completion of the sale, the chairman now owns 3,152,177 shares of the company’s stock, valued at $54,280,487.94. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Lee David Weiner sold 20,000 shares of Rapid7 stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $17.15, for a total value of $343,000.00. Following the sale, the insider now directly owns 76,212 shares of the company’s stock, valued at approximately $1,307,035.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,770 shares of company stock valued at $1,601,139. Insiders own 56.90% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wasatch Advisors Inc. boosted its position in Rapid7 by 51.1% during the second quarter. Wasatch Advisors Inc. now owns 1,975,177 shares of the technology company’s stock valued at $33,242,000 after purchasing an additional 668,273 shares during the last quarter. Vanguard Group Inc. raised its holdings in Rapid7 by 6.5% during the second quarter. Vanguard Group Inc. now owns 1,428,575 shares of the technology company’s stock valued at $24,044,000 after buying an additional 87,101 shares in the last quarter. ETF Managers Group LLC bought a new position in Rapid7 during the second quarter valued at about $19,395,000. Voya Investment Management LLC raised its holdings in Rapid7 by 3.3% during the second quarter. Voya Investment Management LLC now owns 995,428 shares of the technology company’s stock valued at $16,754,000 after buying an additional 31,664 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Rapid7 by 7.6% during the first quarter. Massachusetts Financial Services Co. MA now owns 704,087 shares of the technology company’s stock valued at $10,547,000 after buying an additional 49,970 shares in the last quarter. 71.01% of the stock is owned by hedge funds and other institutional investors.
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Rapid7 Company Profile
Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.
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