Wall Street analysts forecast that Rapid7 Inc (NASDAQ:RPD) will report $52.32 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Rapid7’s earnings. The highest sales estimate is $55.50 million and the lowest is $51.18 million. Rapid7 posted sales of $45.25 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.6%. The firm is expected to issue its next earnings results on Tuesday, May 8th.
According to Zacks, analysts expect that Rapid7 will report full year sales of $52.32 million for the current year, with estimates ranging from $230.06 million to $242.00 million. For the next financial year, analysts forecast that the business will report sales of $280.46 million per share, with estimates ranging from $268.19 million to $291.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Rapid7.
Rapid7 (NASDAQ:RPD) last posted its earnings results on Monday, February 12th. The technology company reported ($0.29) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.11). The business had revenue of $57.73 million during the quarter, compared to analyst estimates of $57.39 million. Rapid7 had a negative net margin of 22.63% and a negative return on equity of 130.89%. Rapid7’s revenue was up 28.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.13) earnings per share.
Shares of Rapid7 (NASDAQ RPD) opened at $24.19 on Tuesday. Rapid7 has a one year low of $13.42 and a one year high of $25.95.
In related news, major shareholder Bain Capital Venture Investors sold 2,000,000 shares of the company’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lee David Weiner sold 20,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $18.41, for a total transaction of $368,200.00. The disclosure for this sale can be found here. Insiders sold 2,345,246 shares of company stock valued at $49,165,672 over the last 90 days. 56.90% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in RPD. Schwab Charles Investment Management Inc. raised its stake in Rapid7 by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 67,670 shares of the technology company’s stock valued at $1,139,000 after purchasing an additional 399 shares during the last quarter. Alliancebernstein L.P. raised its stake in Rapid7 by 39.9% during the 2nd quarter. Alliancebernstein L.P. now owns 30,500 shares of the technology company’s stock valued at $513,000 after purchasing an additional 8,700 shares during the last quarter. Teachers Advisors LLC raised its stake in Rapid7 by 11.8% during the 2nd quarter. Teachers Advisors LLC now owns 37,678 shares of the technology company’s stock valued at $634,000 after purchasing an additional 3,991 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in Rapid7 by 30.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 67,105 shares of the technology company’s stock valued at $1,129,000 after purchasing an additional 15,552 shares during the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in Rapid7 during the 2nd quarter valued at $957,000. Hedge funds and other institutional investors own 71.61% of the company’s stock.
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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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