Rapid7 (NASDAQ:RPD) Posts Earnings Results

Rapid7 (NASDAQ:RPD) issued its earnings results on Wednesday. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate 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 updated its FY 2025 guidance to 1.720-1.850 EPS and its Q1 2025 guidance to 0.330-0.360 EPS.

Rapid7 Trading Down 6.4 %

NASDAQ RPD opened at $35.50 on Thursday. Rapid7 has a 12 month low of $32.94 and a 12 month high of $61.79. The stock has a 50-day simple moving average of $39.57 and a 200 day simple moving average of $38.87. The company has a market capitalization of $2.24 billion, a PE ratio of 56.35 and a beta of 0.96.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on RPD shares. JPMorgan Chase & Co. reduced their price target on shares of Rapid7 from $42.00 to $40.00 and set a “neutral” rating on the stock in a research report on Tuesday. Stifel Nicolaus restated a “hold” rating and set a $42.00 price target (down from $48.00) on shares of Rapid7 in a research report on Friday, January 17th. Truist Financial cut their price objective on Rapid7 from $38.00 to $35.00 and set a “hold” rating for the company in a research report on Thursday. DA Davidson boosted their price objective on Rapid7 from $35.00 to $39.00 and gave the stock a “neutral” rating in a research note on Thursday, November 7th. Finally, StockNews.com upgraded Rapid7 from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Fifteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.00.

Insider Activity

In related news, CEO Corey E. Thomas sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $39.38, for a total value of $3,938,000.00. Following the completion of the transaction, the chief executive officer now directly owns 431,469 shares in the company, valued at approximately $16,991,249.22. The trade was a 18.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by company 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.