Rapid7 (RPD) Set to Announce Quarterly Earnings on Tuesday

Rapid7 (NASDAQ:RPD) is set to post 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 that wish to register for the company’s conference call can do so using this link.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings results 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 analysts’ expectations 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 Up 1.1 %

NASDAQ RPD opened at $45.21 on Friday. Rapid7 has a twelve month low of $39.49 and a twelve month high of $61.88. The business has a 50-day moving average price of $49.82 and a 200-day moving average price of $52.87. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of -18.01 and a beta of 1.01.

Analysts Set New Price Targets

Several research analysts have weighed in on RPD shares. Scotiabank initiated coverage on Rapid7 in a research note on Friday, April 26th. They issued a “sector perform” rating and a $46.00 price target for the company. JPMorgan Chase & Co. dropped their target price on shares of Rapid7 from $61.00 to $60.00 and set a “neutral” rating for the company in a research report on Thursday, February 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $70.00 price target on shares of Rapid7 in a report on Thursday, February 8th. Citigroup raised shares of Rapid7 from a “neutral” rating to a “buy” rating and increased their price objective for the company from $54.00 to $65.00 in a report on Tuesday, January 9th. Finally, Barclays lifted their target price on Rapid7 from $58.00 to $60.00 and gave the stock an “equal weight” rating in a report 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 stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $55.56.

Insider Buying and Selling

In other news, COO Andrew F. Burton sold 20,653 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $11,541,261.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Rapid7 news, COO Andrew F. Burton sold 20,653 shares of the business’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 transaction, the chief operating officer now directly owns 236,841 shares in the company, valued at $11,541,261.93. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Andrew F. Burton sold 31,727 shares of the stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $53.07, for a total transaction of $1,683,751.89. Following the sale, the chief operating officer now directly 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. 2.60% of the stock is owned by insiders.

Rapid7 Company Profile

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.