Rapid7 (RPD) Issues Q4 Earnings Guidance

Rapid7 (NASDAQ:RPD) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided EPS guidance of ($0.10)-($0.08) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.04). The company issued revenue guidance of $65.8-$67.2 million, compared to the consensus revenue estimate of $66.58 million.

Shares of NASDAQ RPD traded down $1.75 on Thursday, hitting $35.39. The company had a trading volume of 13,735 shares, compared to its average volume of 467,165. Rapid7 has a 12-month low of $17.64 and a 12-month high of $39.40. The company has a market capitalization of $1.57 billion, a price-to-earnings ratio of -33.55 and a beta of 1.02.

Rapid7 (NASDAQ:RPD) last issued its earnings results on Tuesday, November 6th. The technology company reported ($0.20) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.05. Rapid7 had a negative return on equity of 89.66% and a negative net margin of 23.83%. The company had revenue of $62.40 million during the quarter, compared to the consensus estimate of $59.50 million. During the same quarter in the prior year, the business earned ($0.15) earnings per share. The company’s revenue was up 23.6% compared to the same quarter last year. Sell-side analysts expect that Rapid7 will post -1.01 earnings per share for the current fiscal year.

RPD has been the subject of several analyst reports. Monness Crespi & Hardt upped their target price on Rapid7 from $35.00 to $38.00 and gave the stock a buy rating in a research report on Tuesday, August 7th. Stifel Nicolaus increased their price target on Rapid7 from $36.00 to $42.00 and gave the company a buy rating in a report on Tuesday, August 7th. Royal Bank of Canada reissued a buy rating and issued a $40.00 price target on shares of Rapid7 in a report on Tuesday, August 7th. BidaskClub downgraded Rapid7 from a strong-buy rating to a buy rating in a report on Tuesday, July 31st. Finally, Zacks Investment Research raised Rapid7 from a hold rating to a buy rating and set a $40.00 price target for the company in a report on Wednesday, October 10th. Three analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Rapid7 presently has an average rating of Buy and a consensus price target of $35.79.

In other Rapid7 news, COO Andrew F. Burton sold 9,492 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $32.53, for a total transaction of $308,774.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Vii Lp Tcv sold 182,600 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $37.96, for a total value of $6,931,496.00. The disclosure for this sale can be found here. Insiders sold 235,732 shares of company stock valued at $8,852,242 in the last three months. 25.60% of the stock is currently owned by company insiders.

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About Rapid7

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enables customers to assess and remediate their overall exposure to cyber risk; InsightAppSec, an insight platform based solution; AppSpider, an application security testing solution; and Metasploit, a penetration testing software solution.

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