Rapid7 (RPD) to Release Earnings on Tuesday

Rapid7 (NASDAQ:RPD) will be posting its quarterly earnings results 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.Parties interested in participating in the company’s conference call can do so using this link.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings data on Wednesday, February 7th. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.27. Rapid7 had a negative net margin of 19.19% and a negative return on equity of 1.36%. The company had revenue of $205.27 million during the quarter, compared to the consensus estimate 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

RPD opened at $45.21 on Monday. Rapid7 has a one year low of $39.49 and a one year high of $61.88. The stock has a market capitalization of $2.82 billion, a P/E ratio of -18.01 and a beta of 1.01. The business’s 50-day simple moving average is $49.82 and its 200-day simple moving average is $52.87.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

RPD has been the subject of a number of research reports. Scotiabank began coverage on Rapid7 in a research note on Friday, April 26th. They issued a “sector perform” rating and a $46.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of Rapid7 from $61.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, February 8th. UBS Group upgraded shares of Rapid7 from a “neutral” rating to a “buy” rating and increased their target price for the stock from $53.00 to $70.00 in a research note on Monday, January 29th. Barclays boosted their price target on Rapid7 from $58.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, February 8th. Finally, Citigroup raised Rapid7 from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $54.00 to $65.00 in a research report on Tuesday, January 9th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.56.

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.