Analysts expect that Rapid7, Inc. (NASDAQ:RPD) will report $46.20 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Rapid7’s earnings. The lowest sales estimate is $46.04 million and the highest is $46.34 million. Rapid7 posted sales of $37.27 million during the same quarter last year, which would indicate a positive year over year growth rate of 24%. The firm is scheduled to issue its next earnings results after the market closes on Monday, August 7th.
On average, analysts expect that Rapid7 will report full-year sales of $46.20 million for the current fiscal year, with estimates ranging from $195.50 million to $196.70 million. For the next fiscal year, analysts expect that the firm will post sales of $237.08 million per share, with estimates ranging from $234.50 million to $238.90 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Rapid7.
Rapid7 (NASDAQ:RPD) last released its earnings results on Tuesday, May 9th. The technology company reported ($0.24) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.41) by $0.17. The company had revenue of $45.20 million for the quarter, compared to analyst estimates of $44.01 million. Rapid7 had a negative net margin of 26.19% and a negative return on equity of 93.19%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.23) EPS.
RPD has been the subject of a number of recent analyst reports. Monness Crespi & Hardt started coverage on Rapid7 in a report on Tuesday, May 30th. They issued a “buy” rating and a $23.00 price objective for the company. Cowen and Company restated a “hold” rating and issued a $11.50 price target on shares of Rapid7 in a report on Friday, April 14th. Royal Bank Of Canada restated a “buy” rating and issued a $19.00 price target on shares of Rapid7 in a report on Friday, March 31st. Zacks Investment Research downgraded Rapid7 from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Susquehanna Bancshares Inc started coverage on Rapid7 in a report on Wednesday, June 7th. They issued a “neutral” rating and a $20.00 price target for the company. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Rapid7 currently has a consensus rating of “Buy” and an average price target of $19.42.
Rapid7 (NASDAQ RPD) traded down 0.93% on Friday, reaching $17.12. 64,584 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $17.79 and its 200 day moving average is $15.27. Rapid7 has a 1-year low of $10.63 and a 1-year high of $19.29. The stock’s market capitalization is $724.78 million.
In other news, COO Andrew F. Burton sold 37,843 shares of the company’s stock in a transaction dated Friday, June 16th. The stock was sold at an average price of $16.95, for a total transaction of $641,438.85. Following the completion of the transaction, the chief operating officer now directly owns 238,158 shares of the company’s stock, valued at $4,036,778.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jay C. Hoag sold 1,400,000 shares of the company’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $18.00, for a total value of $25,200,000.00. The disclosure for this sale can be found here. 56.90% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in Rapid7 by 0.9% in the fourth quarter. State Street Corp now owns 296,932 shares of the technology company’s stock valued at $3,615,000 after buying an additional 2,758 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Rapid7 during the fourth quarter valued at approximately $237,000. TFS Capital LLC bought a new position in shares of Rapid7 during the first quarter valued at approximately $169,000. Penserra Capital Management LLC boosted its position in shares of Rapid7 by 28.0% in the first quarter. Penserra Capital Management LLC now owns 932,188 shares of the technology company’s stock valued at $13,964,000 after buying an additional 204,188 shares during the period. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Rapid7 during the fourth quarter valued at approximately $154,000. 68.71% of the stock is owned by institutional investors.
Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.
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