Rapid7 (RPD) Stock Price, News & Analysis

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rapid7 in the last year. There are currently 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RPD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RPD, but not buy additional shares or sell existing shares.
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12 Wall Street analysts have issued 12 month price objectives for Rapid7's shares. Their RPD share price targets range from $43.00 to $70.00. On average, they predict the company's share price to reach $56.20 in the next year. This suggests a possible upside of 28.3% from the stock's current price.
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Rapid7's stock was trading at $57.10 on January 1st, 2024. Since then, RPD stock has decreased by 23.3% and is now trading at $43.80.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
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Rapid7 will be holding an earnings conference call on Tuesday, May 7th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link.

Rapid7, Inc. (NASDAQ:RPD) posted its quarterly earnings data on Wednesday, February, 7th. The technology company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.27. The technology company had revenue of $205.27 million for the quarter, compared to the consensus estimate of $201.52 million. Rapid7 had a negative net margin of 19.19% and a negative trailing twelve-month return on equity of 1.36%.

ETFs with the largest weight of Rapid7 (NASDAQ:RPD) stock in their portfolio include WisdomTree Cybersecurity Fund (WCBR), Global X Cybersecurity ETF (BUG), Xtrackers Cybersecurity Select Equity ETF (PSWD), iShares Cybersecurity and Tech ETF (IHAK), First Trust Nasdaq Cybersecurity ETF (CIBR), ROBO Global Artificial Intelligence ETF (THNQ), AXS Green Alpha ETF (NXTE) and SPDR Kensho Future Security ETF (FITE).

Rapid7 issued an update on its first quarter 2024 earnings guidance on Wednesday, February, 7th. The company provided EPS guidance of 0.520-0.550 for the period, compared to the consensus earnings per share estimate of 0.400. The company issued revenue guidance of $203.0 million-$205.0 million, compared to the consensus revenue estimate of $204.9 million.

196 employees have rated Rapid7 Chief Executive Officer Corey E. Thomas on Glassdoor.com. Corey E. Thomas has an approval rating of 99% among the company's employees. This puts Corey E. Thomas in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rapid7 investors own include Xtrackers California Municipal Bond ETF (CA), Micron Technology (MU), Advanced Micro Devices (AMD), NVIDIA (NVDA), Alibaba Group (BABA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Splunk (SPLK), Block (SQ) and Trade Desk (TTD).

Rapid7 (RPD) raised $91 million in an initial public offering (IPO) on Friday, July 17th 2015. The company issued 6,500,000 shares at a price of $13.00-$15.00 per share. Morgan Stanley and Barclays acted as the underwriters for the IPO and Pacific Crest Securities, William Blair, Raymond James and Cowen and Company were co-managers.

Rapid7's stock is owned by many different retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.07%), Washington Capital Management Inc. (0.01%) and Mather Group LLC. (0.00%). Insiders that own company stock include Andrew F Burton, Benjamin Holzman, Christina Luconi, Corey E Thomas, Jeffrey Kalowski, Marc Evan Brown, Michael J Berry, Peter Kaes, Thomas E Schodorf, Thomas E Schodorf and Timothy M Adams.
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Shares of RPD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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