Rapid7 (NASDAQ:RPD) Announces Earnings Results

Rapid7 (NASDAQ:RPD) released its earnings results on Wednesday. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.38), Zacks reports. Rapid7 had a negative return on equity of 128.95% and a net margin of 5.65%. Rapid7 updated its FY 2025 guidance to 1.720-1.850 EPS and its Q1 2025 guidance to 0.330-0.360 EPS.

Rapid7 Stock Performance

NASDAQ RPD traded up $0.24 on Friday, reaching $35.06. The company had a trading volume of 234,057 shares, compared to its average volume of 615,892. The company’s fifty day moving average is $39.39 and its 200-day moving average is $38.84. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 55.64 and a beta of 0.96. Rapid7 has a 1-year low of $32.94 and a 1-year high of $61.79.

Wall Street Analyst Weigh In

RPD has been the subject of several recent research reports. Scotiabank dropped their price objective on Rapid7 from $42.00 to $38.00 and set a “sector perform” rating for the company in a report on Thursday. StockNews.com downgraded shares of Rapid7 from a “buy” rating to a “hold” rating in a research note on Thursday. Barclays reduced their price objective on shares of Rapid7 from $43.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Thursday. Raymond James cut their price target on Rapid7 from $55.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday. Finally, Robert W. Baird reduced their price target on Rapid7 from $43.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday. Sixteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, Rapid7 currently has an average rating of “Hold” and an average target price of $41.22.

Insider Buying and Selling at Rapid7

In related news, CEO Corey E. Thomas sold 100,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 431,469 shares in the company, valued at approximately $16,991,249.22. This trade represents a 18.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.60% of the company’s stock.

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.