An Evaluation Of Rapid7 Inc (NASDAQ: RPD) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Rapid7 to Report Fourth Quarter and Full Year 2023 Financial Results on February 7.

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Stocks Info

RPD belongs to the Technology sector of the NASDAQ while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $54.41 and fluctuated between $55.35 as its day high and $54.02 as its day low. The current market capitalization of Rapid7 Inc is $3.34B. A total of 0.58 million shares were traded on the day, compared to an average of 747.57K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, RPD has seen 0 BUY and 4 SELL insider trades, representing the acquisition of 0 and the disposition of 29,844 shares. Over the last 12 months, there were 15 BUYs and 17 SELLs from insiders. Insiders purchased 262,708 shares during that period but sold 123,974.

In the most recent transaction, Burton Andrew F. sold 17,000 shares of RPD for 53.68 per share on Jan 03. After the transaction, the Chief Operating Officer now owns 224,038 company shares. In a previous transaction on Nov 20, Burton Andrew F. sold 38,577 shares at 52.47 per share. RPD shares that Chief Operating Officer owns now total 241,038.

Among the insiders who sold shares, Brown Marc Evan disposed of 11,601 shares on Aug 10 at a per-share price of $47.56. This resulted in the Director holding 32,564 shares of RPD after the transaction.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for RPD in the last 3 months, the mean price target is $58.06 with high estimates of $70.00 and low estimates of $48.00. In terms of 52-week highs and lows, RPD has a high of $60.15 and a low of $32.47.

As of this writing, RPD has an earnings estimate of $Air Products and Chemicals, Inc per share for the current quarter. EPS was calculated based on a consensus of Enterprise Products Partners L. estimates, with a high estimate of $PagerDuty, Inc. per share and a lower estimate of $ResMed Inc.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. RPD’s latest balance sheet shows that the firm has $223.43M in Cash & Short Term Investments as of fiscal 2021. There were $912.56M in debt and $468.68M in liabilities at the time. Its Book Value Per Share was -$2.63, while its Total Shareholder’s Equity was -$126.00M.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.60.

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