Key Points
- Rapid7 CEO Corey Thomas bought 14,500 shares on November 24 at an average of $13.82 each for $200,390, increasing his stake by 2.5% to 595,066 shares (valued at about $8.22M), according to an SEC filing.
- Rapid7 beat Q3 expectations with EPS of $0.57 (vs. $0.45 est.) and revenue of $217.96M (up 1.5% YoY), and issued FY2025 EPS guidance of 2.020–2.090.
- The stock trades near $14.20 (close to its one-year low of $13.21) with a market cap of roughly $930M; analysts’ consensus is a Hold with a $22.42 price target, indicating mixed sentiment despite the insider purchase.
Rapid7, Inc. (NASDAQ:RPD - Get Free Report) Director Mike Burns acquired 2,000 shares of Rapid7 stock in a transaction on Thursday, November 20th. The stock was purchased at an average cost of $13.80 per share, with a total value of $27,600.00. Following the completion of the transaction, the director directly owned 5,000 shares in the company, valued at $69,000. This represents a 66.67% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Rapid7 Stock Performance
RPD stock opened at $14.20 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 9.84. The firm has a market cap of $929.83 million, a PE ratio of 34.63 and a beta of 0.94. The business has a 50 day moving average of $17.53 and a 200-day moving average of $20.61. Rapid7, Inc. has a 12-month low of $13.21 and a 12-month high of $44.48.
Rapid7 (NASDAQ:RPD - Get Free Report) last announced its earnings results on Tuesday, November 4th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.12. Rapid7 had a return on equity of 149.12% and a net margin of 3.41%.The firm had revenue of $217.96 million during the quarter, compared to analyst estimates of $216.14 million. During the same period last year, the firm posted $0.66 EPS. The business's revenue was up 1.5% compared to the same quarter last year. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS. Q4 2025 guidance at 0.370-0.44 EPS. As a group, sell-side analysts expect that Rapid7, Inc. will post 0.35 earnings per share for the current year.
Institutional Investors Weigh In On Rapid7
Several large investors have recently added to or reduced their stakes in the business. Y.D. More Investments Ltd raised its stake in shares of Rapid7 by 12.0% during the first quarter. Y.D. More Investments Ltd now owns 5,839 shares of the technology company's stock worth $171,000 after acquiring an additional 625 shares in the last quarter. Prudential Financial Inc. grew its holdings in shares of Rapid7 by 8.8% during the 2nd quarter. Prudential Financial Inc. now owns 8,513 shares of the technology company's stock valued at $197,000 after purchasing an additional 690 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Rapid7 by 6.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 12,427 shares of the technology company's stock worth $221,000 after purchasing an additional 732 shares during the period. CI Investments Inc. lifted its stake in Rapid7 by 48.4% in the third quarter. CI Investments Inc. now owns 2,281 shares of the technology company's stock worth $43,000 after purchasing an additional 744 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of Rapid7 by 1.0% during the second quarter. Nordea Investment Management AB now owns 78,294 shares of the technology company's stock valued at $1,808,000 after purchasing an additional 753 shares during the period. Institutional investors own 95.66% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on RPD shares. Truist Financial reduced their price objective on Rapid7 from $22.00 to $18.00 and set a "hold" rating for the company in a report on Wednesday, November 5th. Barclays cut their target price on shares of Rapid7 from $21.00 to $18.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 5th. Stifel Nicolaus lowered their price target on shares of Rapid7 from $29.00 to $22.00 and set a "hold" rating on the stock in a research report on Friday, August 8th. Piper Sandler cut their price objective on shares of Rapid7 from $30.00 to $19.00 and set a "neutral" rating for the company in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a "sell (d)" rating on shares of Rapid7 in a report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Rapid7 currently has an average rating of "Hold" and a consensus target price of $22.42.
View Our Latest Report on RPD
About Rapid7
(
Get Free Report)
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.
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