Rapid7 (NASDAQ:RPD) Posts Earnings Results, Misses Estimates By $0.38 EPS

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

Rapid7 Trading Up 2.1 %

Shares of RPD traded up $0.73 on Friday, reaching $35.55. 1,545,758 shares of the company's stock traded hands, compared to its average volume of 532,994. The stock has a market cap of $2.25 billion, a PE ratio of 56.43 and a beta of 0.96. The stock's 50 day simple moving average is $39.23 and its two-hundred day simple moving average is $38.81. Rapid7 has a 52-week low of $32.94 and a 52-week high of $61.79.

Insider Activity at Rapid7

In related news, CEO Corey E. Thomas sold 100,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 431,469 shares of the company's stock, valued at approximately $16,991,249.22. This trade represents a 18.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Rapid7 from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. UBS Group dropped their price objective on shares of Rapid7 from $52.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday. Scotiabank dropped their price objective on shares of Rapid7 from $42.00 to $38.00 and set a "sector perform" rating on the stock in a report on Thursday. Jefferies Financial Group dropped their price objective on shares of Rapid7 from $50.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Robert W. Baird dropped their price objective on shares of Rapid7 from $43.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday. Sixteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, Rapid7 presently has an average rating of "Hold" and a consensus price target of $41.22.

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.