Rapid7 (NASDAQ:RPD) is scheduled to be announcing its earnings results after the market closes on Wednesday, February 7th.
Rapid7 (NASDAQ:RPD) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.02. The business had revenue of $50.50 million for the quarter, compared to the consensus estimate of $49.87 million. Rapid7 had a negative return on equity of 115.79% and a negative net margin of 22.44%. The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.13) earnings per share. On average, analysts expect Rapid7 to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.
Rapid7 (RPD) opened at $22.68 on Tuesday. The stock has a market capitalization of $995.22 and a price-to-earnings ratio of -22.91. Rapid7 has a 12-month low of $12.49 and a 12-month high of $25.95.
A number of equities analysts have recently issued reports on RPD shares. Needham & Company LLC started coverage on Rapid7 in a research report on Monday, October 23rd. They set a “buy” rating and a $23.00 price target on the stock. ValuEngine raised Rapid7 from a “sell” rating to a “hold” rating in a research report on Friday. BidaskClub downgraded Rapid7 from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Susquehanna Bancshares upped their target price on Rapid7 from $22.00 to $28.00 and gave the company a “positive” rating in a research report on Wednesday, January 24th. Finally, KeyCorp reissued an “overweight” rating and issued a $30.00 target price (up from $25.00) on shares of Rapid7 in a research report on Tuesday, January 30th. Four equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $23.41.
In other Rapid7 news, Chairman Alan Matthews sold 20,000 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $22.06, for a total transaction of $441,200.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Bain Capital Venture Investors sold 898,517 shares of the stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $18.30, for a total value of $16,442,861.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,366,228 shares of company stock worth $67,886,717. 56.90% of the stock is owned by insiders.
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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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