Rapid7 (NASDAQ:RPD) Issues Earnings Results

Rapid7 (NASDAQ:RPD) announced its quarterly earnings data on Wednesday. The technology company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.38), Zacks reports. Rapid7 had a net margin of 5.65% and a negative return on equity of 128.95%.

Rapid7 Price Performance

RPD traded down $1.14 on Wednesday, hitting $36.79. 1,710,738 shares of the stock were exchanged, compared to its average volume of 576,627. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of 58.40 and a beta of 0.96. Rapid7 has a 12 month low of $32.94 and a 12 month high of $61.79. The business has a 50-day moving average of $39.71 and a two-hundred day moving average of $38.88.

Insider Buying and Selling at Rapid7

In related news, CEO Corey E. Thomas sold 100,000 shares of the company’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $39.38, for a total transaction of $3,938,000.00. Following the completion of the sale, the chief executive officer now directly owns 431,469 shares in the company, valued at $16,991,249.22. This represents a 18.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. DA Davidson lifted their price target on Rapid7 from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Piper Sandler decreased their target price on Rapid7 from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. StockNews.com raised Rapid7 from a “hold” rating to a “buy” rating in a report on Friday, December 6th. JPMorgan Chase & Co. decreased their price objective on shares of Rapid7 from $42.00 to $40.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Stifel Nicolaus restated a “hold” rating and set a $42.00 target price (down previously from $48.00) on shares of Rapid7 in a research note on Friday, January 17th. Fifteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $43.65.

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.