Rapid7 Inc (NASDAQ: RPD) is -11.65% lower on its value in year-to-date trading and has touched a low of $39.11 and a high of $61.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The RPD stock was last observed hovering at around $51.18 in the last trading session, with the day’s loss setting it -0.73%.
Currently trading at $50.45, the stock is -7.44% and -9.52% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.1 million and changing -1.43% at the moment leaves the stock -0.18% off its SMA200. RPD registered 21.16% gain for a year compared to 6-month gain of 7.52%. The firm has a 50-day simple moving average (SMA 50) of $4.84 and a 200-day simple moving average (SMA200) of -$96.27.
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The stock witnessed a -7.04% loss in the last 1 month and extending the period to 3 months gives it a -14.13%, and is -2.10% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.93% over the week and 2.95% over the month.
Rapid7 Inc (RPD) has around 2228 employees, a market worth around $3.13B and $777.71M in sales. Fwd P/E is 20.89. Profit margin for the company is -19.19%. Distance from 52-week low is 29.00% and -18.47% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.72%).
Rapid7 Inc quarterly earnings per share for the current quarter are estimated at $0.54 with sales reaching $204.03M over the same period.The EPS is expected to grow by 42.63% this year, but quarterly earnings will post 9.70% year-over-year. Quarterly sales are estimated to grow 11.40% in year-over-year returns.
425 institutions hold shares in Rapid7 Inc (RPD), with institutional investors hold 103.98% of the company’s shares. The shares outstanding are 61.71M, and float is at 60.16M with Short Float at 7.18%. Institutions hold 102.29% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 6.89 million shares valued at $312.1 million. The investor’s holdings represent 11.30% of the RPD Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 6.73 million shares valued at $304.86 million to account for 11.04% of the shares outstanding. The other top investors are First Trust Advisors LP which holds 2.02 million shares representing 3.32% and valued at over $91.6 million, while Point72 Asset Management, L.P. holds 3.18% of the shares totaling 1.94 million with a market value of $87.71 million.
Rapid7 Inc (RPD) Insider Activity
The most recent transaction is an insider sale by Thomas Corey E., the company’s CEO. SEC filings show that Thomas Corey E. sold 50,000 shares of the company’s common stock on Mar 13 ’24 at a price of $53.07 per share for a total of $2.65 million. Following the sale, the insider now owns 0.46 million shares.
Rapid7 Inc disclosed in a document filed with the SEC on Mar 13 ’24 that Burton Andrew F. (Chief Operating Officer) sold a total of 31,727 shares of the company’s common stock. The trade occurred on Mar 13 ’24 and was made at $53.07 per share for $1.68 million. Following the transaction, the insider now directly holds 0.26 million shares of the RPD stock.
Still, SEC filings show that on Feb 29 ’24, Adams Timothy M (Chief Financial Officer) disposed off 15,000 shares at an average price of $58.56 for $0.88 million. The insider now directly holds 170,739 shares of Rapid7 Inc (RPD).
