Rapid7 Inc (NASDAQ:RPD) Expected to Announce Quarterly Sales of $75.24 Million

Equities research analysts expect that Rapid7 Inc (NASDAQ:RPD) will announce sales of $75.24 million for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Rapid7’s earnings. The lowest sales estimate is $74.89 million and the highest is $75.90 million. Rapid7 posted sales of $58.44 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 28.7%. The company is scheduled to issue its next earnings report on Monday, August 5th.

On average, analysts expect that Rapid7 will report full-year sales of $315.72 million for the current year, with estimates ranging from $314.48 million to $317.50 million. For the next financial year, analysts expect that the firm will report sales of $388.23 million, with estimates ranging from $376.00 million to $400.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Rapid7.

Rapid7 (NASDAQ:RPD) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.24. The business had revenue of $73.20 million during the quarter, compared to the consensus estimate of $69.86 million. Rapid7 had a negative return on equity of 46.34% and a negative net margin of 19.35%. The company’s revenue was up 34.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.19) earnings per share.

Several equities research analysts have recently commented on RPD shares. Macquarie upgraded Rapid7 from a “neutral” rating to an “outperform” rating in a research note on Monday, March 11th. Mizuho started coverage on Rapid7 in a research note on Tuesday, March 26th. They set a “buy” rating and a $59.00 price target for the company. Stifel Nicolaus upped their price target on Rapid7 from $52.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Robert W. Baird started coverage on Rapid7 in a research note on Wednesday, April 3rd. They set an “outperform” rating and a $58.00 price target for the company. Finally, Zacks Investment Research upgraded Rapid7 from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.06.

In other news, SVP Peter Kaes sold 17,500 shares of the firm’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $52.45, for a total value of $917,875.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas E. Schodorf sold 600 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $49.45, for a total value of $29,670.00. The disclosure for this sale can be found here. Insiders sold 130,137 shares of company stock valued at $6,705,192 in the last quarter. 4.90% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Harvest Group Wealth Management LLC purchased a new position in shares of Rapid7 in the first quarter valued at $25,000. Private Capital Group LLC increased its position in shares of Rapid7 by 80.4% in the first quarter. Private Capital Group LLC now owns 745 shares of the technology company’s stock valued at $38,000 after buying an additional 332 shares in the last quarter. Quantamental Technologies LLC purchased a new position in shares of Rapid7 in the first quarter valued at $76,000. RPg Family Wealth Advisory LLC increased its position in shares of Rapid7 by 8.3% in the first quarter. RPg Family Wealth Advisory LLC now owns 3,790 shares of the technology company’s stock valued at $192,000 after buying an additional 290 shares in the last quarter. Finally, NumerixS Investment Technologies Inc purchased a new position in shares of Rapid7 in the first quarter valued at $232,000. Institutional investors and hedge funds own 88.90% of the company’s stock.

RPD stock opened at $262,760,992.00 on Friday. The firm has a market capitalization of $2.69 billion, a P/E ratio of -260,159,398.02 and a beta of 1.17. Rapid7 has a twelve month low of $26.27 and a twelve month high of $58.74. The company has a 50 day moving average price of $52.97. The company has a debt-to-equity ratio of 2.18, a current ratio of 1.49 and a quick ratio of 1.49.

About Rapid7

Rapid7, Inc provides analytics solutions for security and information (IT) operations. Its vulnerability management solutions include InsightVM and Nexpose, which enable 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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