Analysts expect Rapid7 Inc (NASDAQ:RPD) to post sales of $52.32 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Rapid7’s earnings, with estimates ranging from $51.18 million to $55.50 million. Rapid7 posted sales of $45.25 million in the same quarter last year, which suggests a positive year-over-year growth rate of 15.6%. The firm is expected to announce its next quarterly earnings report on Tuesday, May 8th.
On average, analysts expect that Rapid7 will report full year sales of $52.32 million for the current financial year, with estimates ranging from $230.06 million to $242.00 million. For the next year, analysts anticipate that the company will post sales of $280.46 million per share, with estimates ranging from $268.19 million to $291.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Rapid7.
Rapid7 (NASDAQ:RPD) last announced its earnings results on Monday, February 12th. The technology company reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.11). The company had revenue of $57.73 million for the quarter, compared to analyst estimates of $57.39 million. Rapid7 had a negative return on equity of 130.89% and a negative net margin of 22.63%. The business’s quarterly revenue was up 28.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.13) earnings per share.
In other news, insider Lee David Weiner sold 20,000 shares of Rapid7 stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $18.41, for a total value of $368,200.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Bain Capital Venture Investors sold 2,000,000 shares of the firm’s stock in a transaction on Tuesday, January 30th. The shares were sold at an average price of $21.01, for a total transaction of $42,020,000.00. The disclosure for this sale can be found here. Insiders sold 2,330,000 shares of company stock worth $48,960,500 over the last quarter. 56.90% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the stock. Crow Point Partners LLC bought a new position in shares of Rapid7 in the fourth quarter valued at $119,000. Fortaleza Asset Management Inc. bought a new position in shares of Rapid7 in the fourth quarter valued at $160,000. Citigroup Inc. grew its stake in shares of Rapid7 by 1,398.9% in the second quarter. Citigroup Inc. now owns 9,788 shares of the technology company’s stock valued at $165,000 after buying an additional 9,135 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Rapid7 in the third quarter valued at $187,000. Finally, MetLife Investment Advisors LLC bought a new position in shares of Rapid7 in the fourth quarter valued at $190,000. 71.61% of the stock is owned by institutional investors and hedge funds.
Shares of Rapid7 (NASDAQ RPD) traded up $0.23 during mid-day trading on Tuesday, reaching $24.40. 476,398 shares of the company’s stock traded hands, compared to its average volume of 546,416. The firm has a market cap of $1,110.00 and a P/E ratio of -22.80. Rapid7 has a 52-week low of $13.42 and a 52-week high of $25.95.
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Rapid7 Company Profile
Rapid7, Inc is a provider analytics for security and information technology (IT) operations that enable organizations to implement an analytics-driven approach to cyber security and IT operations. The Company’s analytics enable organizations to contextualize and prioritize the threats facing their physical, virtual and cloud assets, including those posed by the behaviors of their users.
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