Rapid7 (NASDAQ:RPD) Updates FY 2025 Earnings Guidance

Rapid7 (NASDAQ:RPD - Get Free Report) issued an update on its FY 2025 earnings guidance on Monday morning. The company provided EPS guidance of 1.780-1.91 for the period, compared to the consensus EPS estimate of 1.830. The company issued revenue guidance of $853.0 million-$863.0 million, compared to the consensus revenue estimate of $865.4 million. Rapid7 also updated its Q2 2025 guidance to 0.430-0.460 EPS.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Piper Sandler dropped their price objective on shares of Rapid7 from $35.00 to $30.00 and set a "neutral" rating on the stock in a research note on Tuesday. Robert W. Baird increased their price target on Rapid7 from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Tuesday. StockNews.com upgraded Rapid7 from a "hold" rating to a "buy" rating in a research report on Friday, February 21st. Scotiabank lowered their price objective on Rapid7 from $38.00 to $29.00 and set a "sector perform" rating for the company in a research note on Tuesday. Finally, Jefferies Financial Group dropped their target price on Rapid7 from $45.00 to $35.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $33.32.

Rapid7 Price Performance

Shares of NASDAQ RPD traded up $0.17 during mid-day trading on Friday, reaching $23.72. 831,416 shares of the company traded hands, compared to its average volume of 855,003. Rapid7 has a fifty-two week low of $21.61 and a fifty-two week high of $44.48. The firm has a market cap of $1.52 billion, a PE ratio of 60.82 and a beta of 1.06. The stock has a fifty day simple moving average of $25.24 and a 200-day simple moving average of $33.78.

Rapid7 (NASDAQ:RPD - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The technology company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.12. The company had revenue of $210.25 million for the quarter, compared to analysts' expectations of $208.25 million. Rapid7 had a negative return on equity of 130.41% and a net margin of 3.46%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $0.55 EPS. As a group, analysts predict that Rapid7 will post 0.35 EPS for the current fiscal year.

Insider Buying and Selling at Rapid7

In related news, insider Christina Luconi sold 12,551 shares of Rapid7 stock in a transaction 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 transaction, the insider now directly owns 58,165 shares in the company, valued at $1,344,774.80. The trade was a 17.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Rapid7

Several hedge funds have recently modified their holdings of RPD. Royal Bank of Canada lifted its position in shares of Rapid7 by 26.8% in the 1st quarter. Royal Bank of Canada now owns 326,910 shares of the technology company's stock valued at $8,667,000 after acquiring an additional 69,122 shares in the last quarter. AQR Capital Management LLC acquired a new position in Rapid7 in the 1st quarter valued at approximately $424,000. Finally, Woodline Partners LP increased its stake in shares of Rapid7 by 48.0% in the first quarter. Woodline Partners LP now owns 86,712 shares of the technology company's stock worth $2,299,000 after acquiring an additional 28,115 shares during the last quarter. 95.66% of the stock is owned by hedge funds and other 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.