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Tuesday, January 31, 2023

Analysts Point To Rapid7 Inc. (NASDAQ: RPD) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Rapid7 Inc. (RPD) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.54, or 1.55%, to $35.41. The Rapid7 Inc. has recorded 7,219 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Rapid7 to Report Fourth Quarter and Full Year 2022 Financial Results on February 8.

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Stocks Info

As a NASDAQ listed company, RPD falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $34.87 and fluctuated between $35.04 as its day high and $33.24 as its day low. The current market capitalization of Rapid7 Inc. is $2.06B. A total of 0.53 million shares were traded on the day, compared to an average of 1.10M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, RPD has seen 5 BUY and 9 SELL insider trades, representing the acquisition of 133,357 and the disposition of 148,108 shares. Over the last 12 months, there were 28 BUYs and 28 SELLs from insiders. Insiders purchased 507,474 shares during that period but sold 296,094.

In the most recent transaction, Thomas Corey E. sold 41,620 shares of RPD for 36.52 per share on Dec 16. After the transaction, the CEO now owns 428,074 company shares. In a previous transaction on Dec 15, Thomas Corey E. sold 41,619 shares at 36.68 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 Dec 14 at a per-share price of $38.05. This resulted in the CEO holding 428,074 shares of RPD after the transaction. In another insider transaction, Adams Timothy M bought 2,500 shares at $30.00 per share on Dec 05. Company shares held by the Chief Financial Officer now total 109,294.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for RPD in the last 3 months, the mean price target is $48.14 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 $118.25 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

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 3.71. A total of 6 analysts rated the stock as Buy while 2 rated it as Overweight while 10 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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