Rapid7 (NASDAQ:RPD – Get Rating) will be posting its quarterly earnings results after the market closes on Wednesday, May 4th. Analysts expect Rapid7 to post earnings of ($0.71) per share for the quarter. Rapid7 has set its Q1 2022 guidance at $-0.180-$-0.150 EPS and its FY 2022 guidance at $0.050-$0.160 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Rapid7 (NASDAQ:RPD – Get Rating) last posted its earnings results on Wednesday, February 9th. The technology company reported ($0.16) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.53. The business had revenue of $151.64 million during the quarter, compared to analysts’ expectations of $146.11 million. During the same quarter in the previous year, the business earned ($0.40) EPS. On average, analysts expect Rapid7 to post $-2 EPS for the current fiscal year and $-2 EPS for the next fiscal year.
Shares of RPD stock opened at $100.04 on Wednesday. The stock has a market capitalization of $5.81 billion, a P/E ratio of -37.89 and a beta of 1.34. The firm’s 50 day moving average is $105.33 and its 200 day moving average is $111.60. Rapid7 has a 12 month low of $72.96 and a 12 month high of $145.00.
Institutional investors have recently bought and sold shares of the business. Barclays PLC lifted its stake in Rapid7 by 9.3% in the fourth quarter. Barclays PLC now owns 518,233 shares of the technology company’s stock worth $60,991,000 after purchasing an additional 44,153 shares during the last quarter. Morgan Stanley increased its position in shares of Rapid7 by 183.5% in the second quarter. Morgan Stanley now owns 282,742 shares of the technology company’s stock valued at $26,756,000 after acquiring an additional 183,007 shares during the period. Public Employees Retirement System of Ohio increased its position in shares of Rapid7 by 18.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 100,627 shares of the technology company’s stock valued at $11,843,000 after acquiring an additional 15,676 shares during the period. California State Teachers Retirement System increased its position in shares of Rapid7 by 3.4% in the fourth quarter. California State Teachers Retirement System now owns 75,409 shares of the technology company’s stock valued at $8,875,000 after acquiring an additional 2,514 shares during the period. Finally, Stifel Financial Corp increased its position in shares of Rapid7 by 13.4% in the fourth quarter. Stifel Financial Corp now owns 14,961 shares of the technology company’s stock valued at $1,761,000 after acquiring an additional 1,771 shares during the period.
A number of research analysts recently weighed in on RPD shares. Morgan Stanley reduced their price objective on shares of Rapid7 from $106.00 to $103.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 18th. Mizuho reduced their price objective on shares of Rapid7 from $155.00 to $135.00 in a research note on Tuesday, January 18th. The Goldman Sachs Group lowered shares of Rapid7 from a “buy” rating to a “neutral” rating and set a $130.00 price objective for the company. in a research note on Tuesday, April 12th. Barclays lifted their price objective on shares of Rapid7 from $120.00 to $122.00 and gave the company an “overweight” rating in a research note on Thursday, February 10th. Finally, Zacks Investment Research lowered shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $130.56.
Rapid7 Company Profile (Get Rating)
Rapid7, Inc provides cyber security solutions. The company offers a cloud-native insight platform that enables customers to create and manage analytics-driven cyber security risk management programs. Its platform includes InsightIDR, an incident detection and response solution; InsightCloudSec, a solution that integrates posture management, workload protection, infrastructure entitlements management, infrastructure-as-code security, and Kubernetes protection; InsightVM, a vulnerability risk management solution that is designed to provide a way to collect vulnerability data, prioritize risk, and automate remediation; InsightAppSec, which provides application security testing that analyzes web applications for security vulnerabilities; and InsightConnect, a security orchestration and automation response solution that is used by security professionals.
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