Key Points
- Director Marc Evan Brown purchased 3,000 shares on Nov. 25 at $15.21 each for a total of $45,630, increasing his stake to 51,882 shares (a 6.14% rise) per an SEC filing.
- Rapid7 beat Q results with EPS $0.57 vs. $0.45 expected and revenue of $217.96M, and issued FY2025 guidance of $2.02–$2.09 EPS.
- Analysts have a consensus "Hold" rating with an average target of $22.42; shares trade near $15.33 with a 1‑year range of $13.21–$44.47 and a market cap around $1.0B.
Rapid7, Inc. (NASDAQ:RPD - Get Free Report) Director Marc Evan Brown purchased 3,000 shares of the business's stock in a transaction that occurred on Tuesday, November 25th. The shares were purchased at an average price of $15.21 per share, for a total transaction of $45,630.00. Following the completion of the acquisition, the director directly owned 51,882 shares in the company, valued at $789,125.22. The trade was a 6.14% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Rapid7 Stock Up 8.0%
Shares of NASDAQ RPD opened at $15.33 on Wednesday. Rapid7, Inc. has a 1 year low of $13.21 and a 1 year high of $44.47. The firm has a 50-day simple moving average of $17.44 and a two-hundred day simple moving average of $20.54. The company has a market cap of $1.00 billion, a P/E ratio of 37.39 and a beta of 0.94. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.36 and a quick ratio of 1.36.
Rapid7 (NASDAQ:RPD - Get Free Report) last released its earnings results on Tuesday, November 4th. The technology company reported $0.57 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $216.14 million. During the same quarter in the prior year, the firm posted $0.66 earnings per share. The company's quarterly revenue was up 1.5% on a year-over-year basis. Rapid7 has set its FY 2025 guidance at 2.020-2.090 EPS. Q4 2025 guidance at 0.370-0.44 EPS. Research analysts anticipate that Rapid7, Inc. will post 0.35 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on RPD shares. Berenberg Bank started coverage on shares of Rapid7 in a research note on Tuesday, November 18th. They issued a "hold" rating and a $16.00 price target on the stock. Jefferies Financial Group downgraded shares of Rapid7 from a "buy" rating to a "hold" rating in a research note on Wednesday, November 5th. Citigroup reduced their target price on shares of Rapid7 from $35.00 to $30.00 and set a "buy" rating on the stock in a research report on Monday, August 18th. Truist Financial lowered their price target on Rapid7 from $22.00 to $18.00 and set a "hold" rating for the company in a report on Wednesday, November 5th. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Rapid7 in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $22.42.
Check Out Our Latest Research Report on RPD
Hedge Funds Weigh In On Rapid7
Institutional investors have recently bought and sold shares of the business. BI Asset Management Fondsmaeglerselskab A S bought a new position in Rapid7 in the first quarter worth approximately $38,000. CI Investments Inc. boosted its holdings in shares of Rapid7 by 48.4% in the 3rd quarter. CI Investments Inc. now owns 2,281 shares of the technology company's stock valued at $43,000 after buying an additional 744 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Rapid7 in the 3rd quarter worth approximately $44,000. Headlands Technologies LLC bought a new position in shares of Rapid7 during the 2nd quarter worth approximately $44,000. Finally, State of Alaska Department of Revenue purchased a new stake in shares of Rapid7 during the 3rd quarter valued at $53,000. 95.66% of the stock is owned by hedge funds and other institutional investors.
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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