Analysts expect Rapid7, Inc. (NASDAQ:RPD) to post $54.69 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Rapid7’s earnings, with estimates ranging from $54.55 million to $55.00 million. Rapid7 reported sales of $45.03 million in the same quarter last year, which would suggest a positive year over year growth rate of 21.5%. The company is scheduled to announce its next earnings report on Thursday, February 8th.

On average, analysts expect that Rapid7 will report full-year sales of $54.69 million for the current year, with estimates ranging from $197.76 million to $198.20 million. For the next financial year, analysts anticipate that the business will post sales of $238.92 million per share, with estimates ranging from $237.40 million to $240.04 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Rapid7.

Rapid7 (NASDAQ:RPD) last announced its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.15) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.02. The company had revenue of $50.50 million for the quarter, compared to analysts’ expectations of $49.87 million. Rapid7 had a negative net margin of 22.44% and a negative return on equity of 115.79%. Rapid7’s revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.13) EPS.

A number of analysts recently commented on RPD shares. BidaskClub upgraded shares of Rapid7 from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research cut shares of Rapid7 from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. KeyCorp restated a “buy” rating and set a $25.00 price target on shares of Rapid7 in a research note on Friday, October 6th. Needham & Company LLC started coverage on shares of Rapid7 in a research note on Monday, October 23rd. They set a “buy” rating and a $23.00 price target on the stock. Finally, Royal Bank of Canada upped their price target on shares of Rapid7 from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the company’s stock. Rapid7 has an average rating of “Buy” and an average target price of $21.05.

In other news, insider Lee David Weiner sold 20,000 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $18.41, for a total value of $368,200.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Bain Capital Venture Investors sold 898,517 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $18.30, for a total transaction of $16,442,861.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,117,353 shares of company stock worth $20,494,788 in the last ninety days. 56.90% of the stock is currently owned by insiders.

Several large investors have recently modified their holdings of RPD. ETF Managers Group LLC purchased a new stake in shares of Rapid7 in the 2nd quarter valued at $19,395,000. Laurion Capital Management LP purchased a new stake in shares of Rapid7 in the 2nd quarter valued at $11,614,000. Wasatch Advisors Inc. boosted its stake in shares of Rapid7 by 51.1% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,975,177 shares of the technology company’s stock valued at $33,242,000 after purchasing an additional 668,273 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in shares of Rapid7 in the 3rd quarter valued at $7,896,000. Finally, Frontier Capital Management Co. LLC purchased a new stake in shares of Rapid7 in the 2nd quarter valued at $7,473,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Rapid7 (NASDAQ RPD) traded down $0.48 during mid-day trading on Thursday, hitting $19.16. 222,442 shares of the company were exchanged, compared to its average volume of 216,697. Rapid7 has a 12 month low of $11.72 and a 12 month high of $20.25.

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About Rapid7

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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