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Monday, January 30, 2023

Taking On Challenges And Growing? – Rapid7 Inc. (RPD)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Rapid7 Inc. (RPD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.42, or 1.32%, to $32.26. The Rapid7 Inc. has recorded 8,030 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Rapid7 Unites Risk and Threat Detection in the Cloud at AWS re:Invent 2022.

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Stocks Info

This NASDAQ-listed company operates within the Software – Application industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $31.84 and fluctuated between $32.17 as its day high and $29.65 as its day low. The current market capitalization of Rapid7 Inc. is $1.84B. A total of 0.9 million shares were traded on the day, compared to an average of 1.01M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, RPD has seen 2 BUY and 3 SELL insider trades, representing the acquisition of 72,000 and the disposition of 23,251 shares. Over the last 12 months, there were 27 BUYs and 28 SELLs from insiders. Insiders purchased 481,927 shares during that period but sold 180,737.

In the most recent transaction, Thomas Corey E. sold 41,619 shares of RPD for 28.40 per share on Nov 18. After the transaction, the CEO now owns 428,074 company shares. In a previous transaction on Nov 17, Thomas Corey E. sold 41,619 shares at 29.08 per share. RPD shares that CEO owns now total 428,074.

Among the insiders who sold shares, Thomas Corey E. disposed of 41,619 shares on Nov 16 at a per-share price of $29.19. This resulted in the CEO holding 428,074 shares of RPD after the transaction. In another insider transaction, Adams Timothy M bought 5,000 shares at $65.50 per share on May 09. Company shares held by the Chief Financial Officer now total 106,540.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for RPD in the last 3 months, the mean price target is $49.86 with high estimates of $90.00 and low estimates of $30.00. In terms of 52-week highs and lows, RPD has a high of $126.41 and a low of $26.49.

As of this writing, RPD has an earnings estimate of $0.06 per share for the current quarter. EPS was calculated based on a consensus of 17 estimates, with a high estimate of $0.18 per share and a lower estimate of $0.03. The company reported an EPS of -$0.16 in the last quarter, which was -6.70% lower than expectations of -$0.15.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 18 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for RPD is Underweight with a score of 3.82. A total of 6 analysts rated the stock as Buy while 3 rated it as Overweight while 9 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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