Rapid7 Inc (RPD) Expected to Announce Earnings of -$0.09 Per Share

Brokerages expect Rapid7 Inc (NASDAQ:RPD) to report ($0.09) earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Rapid7’s earnings, with the highest EPS estimate coming in at ($0.08) and the lowest estimate coming in at ($0.09). Rapid7 reported earnings of ($0.17) per share during the same quarter last year, which indicates a positive year over year growth rate of 47.1%. The business is scheduled to report its next quarterly earnings report on Monday, February 11th.

According to Zacks, analysts expect that Rapid7 will report full-year earnings of ($0.45) per share for the current fiscal year, with EPS estimates ranging from ($0.45) to ($0.44). For the next fiscal year, analysts forecast that the business will report earnings of ($0.06) per share, with EPS estimates ranging from ($0.20) to $0.05. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Rapid7.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Tuesday, November 6th. The technology company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.05. The firm had revenue of $62.40 million during the quarter, compared to analysts’ expectations of $59.50 million. Rapid7 had a negative net margin of 23.83% and a negative return on equity of 76.86%. The company’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.15) earnings per share.

RPD has been the subject of a number of analyst reports. Morgan Stanley set a $35.00 price target on shares of Rapid7 and gave the stock a “hold” rating in a research note on Wednesday, November 7th. BidaskClub cut shares of Rapid7 from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. Needham & Company LLC raised their price target on shares of Rapid7 from $37.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, September 21st. Monness Crespi & Hardt raised their price target on shares of Rapid7 from $38.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, November 7th. Finally, Zacks Investment Research cut shares of Rapid7 from a “buy” rating to a “hold” rating in a research note on Thursday, November 15th. Five investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Rapid7 presently has an average rating of “Buy” and a consensus price target of $36.13.

In other news, insider Vii Lp Tcv sold 182,600 shares of Rapid7 stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $37.96, for a total value of $6,931,496.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lee David Weiner sold 5,580 shares of Rapid7 stock in a transaction that occurred on Thursday, November 15th. The shares were sold at an average price of $31.78, for a total transaction of $177,332.40. The disclosure for this sale can be found here. Insiders sold 2,411,285 shares of company stock valued at $80,480,656 in the last quarter. 25.60% of the stock is currently owned by corporate insiders.

Several large investors have recently bought and sold shares of RPD. Alliancebernstein L.P. raised its stake in shares of Rapid7 by 3,076.7% in the third quarter. Alliancebernstein L.P. now owns 1,226,757 shares of the technology company’s stock valued at $45,292,000 after acquiring an additional 1,188,140 shares during the last quarter. Point72 Asset Management L.P. bought a new position in Rapid7 in the 3rd quarter worth approximately $38,775,000. BlackRock Inc. raised its position in Rapid7 by 64.5% in the 2nd quarter. BlackRock Inc. now owns 2,557,393 shares of the technology company’s stock worth $72,171,000 after purchasing an additional 1,002,292 shares during the last quarter. Clearbridge Investments LLC raised its position in Rapid7 by 843,883.3% in the 3rd quarter. Clearbridge Investments LLC now owns 557,029 shares of the technology company’s stock worth $20,566,000 after purchasing an additional 556,963 shares during the last quarter. Finally, SQN Investors LP bought a new position in Rapid7 in the 3rd quarter worth approximately $16,045,000. Institutional investors own 83.43% of the company’s stock.

RPD traded down $1.23 during midday trading on Monday, reaching $31.38. 451,924 shares of the company’s stock were exchanged, compared to its average volume of 597,685. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -29.89 and a beta of 0.98. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.85. Rapid7 has a one year low of $18.49 and a one year high of $39.40.

Rapid7 Company Profile

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enables customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.

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