Rapid7 (NASDAQ:RPD) Posts Earnings Results, Beats Estimates By $0.12 EPS

Rapid7 (NASDAQ:RPD - Get Free Report) announced its earnings results on Monday. The technology company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.37 by $0.12, Briefing.com reports. Rapid7 had a net margin of 3.46% and a negative return on equity of 130.41%. The business had revenue of $210.25 million during the quarter, compared to the consensus estimate of $208.25 million. During the same quarter in the previous year, the firm posted $0.55 EPS. Rapid7's revenue was up 2.5% compared to the same quarter last year. Rapid7 updated its Q2 2025 guidance to 0.430-0.460 EPS and its FY 2025 guidance to 1.780-1.91 EPS.

Rapid7 Price Performance

Shares of RPD stock traded up $0.17 on Friday, hitting $23.72. 831,416 shares of the company's stock were exchanged, compared to its average volume of 855,003. The stock has a market cap of $1.52 billion, a P/E ratio of 60.82 and a beta of 1.06. Rapid7 has a 12 month low of $21.61 and a 12 month high of $44.48. The company has a 50 day moving average of $25.24 and a 200 day moving average of $33.78.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Barclays reduced their price objective on Rapid7 from $26.00 to $25.00 and set an "equal weight" rating for the company in a report on Tuesday. Scotiabank reduced their price target on Rapid7 from $38.00 to $29.00 and set a "sector perform" rating for the company in a research note on Tuesday. Raymond James lowered their price objective on Rapid7 from $45.00 to $40.00 and set an "outperform" rating on the stock in a research report on Tuesday. UBS Group reduced their target price on shares of Rapid7 from $52.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, Mizuho set a $30.00 price target on shares of Rapid7 in a research report on Wednesday, April 16th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $33.32.

Insider Transactions at Rapid7

In other news, insider Christina Luconi sold 12,551 shares of the company's stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $23.12, for a total value of $290,179.12. Following the completion of the transaction, the insider now owns 58,165 shares of the company's stock, valued at $1,344,774.80. This represents a 17.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 2.60% of the company's stock.

Institutional Investors Weigh In On Rapid7

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in Rapid7 by 26.8% during the 1st quarter. Royal Bank of Canada now owns 326,910 shares of the technology company's stock worth $8,667,000 after buying an additional 69,122 shares during the period. Woodline Partners LP grew its position in shares of Rapid7 by 48.0% during the 1st quarter. Woodline Partners LP now owns 86,712 shares of the technology company's stock worth $2,299,000 after buying an additional 28,115 shares during the period. Finally, AQR Capital Management LLC bought a new stake in Rapid7 in the first quarter valued at $424,000. 95.66% of the stock is owned by institutional investors.

About Rapid7

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.