KeyCorp Comments on Rapid7’s Q1 Earnings (NASDAQ:RPD)

Rapid7, Inc. (NASDAQ:RPD) – Equities research analysts at KeyCorp issued their Q1 2025 earnings per share (EPS) estimates for shares of Rapid7 in a research note issued to investors on Thursday, December 19th. KeyCorp analyst E. Heath anticipates that the technology company will post earnings of $0.24 per share for the quarter. The consensus estimate for Rapid7’s current full-year earnings is $0.98 per share. KeyCorp also issued estimates for Rapid7’s Q2 2025 earnings at $0.24 EPS, Q3 2025 earnings at $0.34 EPS and Q4 2025 earnings at $0.23 EPS.

Rapid7 (NASDAQ:RPD) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.14. Rapid7 had a negative return on equity of 128.95% and a net margin of 5.65%. The business had revenue of $214.65 million during the quarter, compared to analyst estimates of $210.04 million. During the same period in the prior year, the firm posted $0.11 EPS. Rapid7’s quarterly revenue was up 8.0% compared to the same quarter last year.

A number of other brokerages also recently weighed in on RPD. Jefferies Financial Group started coverage on Rapid7 in a research note on Wednesday, October 16th. They issued a “buy” rating and a $50.00 target price on the stock. Truist Financial reduced their price objective on Rapid7 from $40.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Piper Sandler lowered their target price on Rapid7 from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on shares of Rapid7 from $40.00 to $42.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Finally, StockNews.com upgraded shares of Rapid7 from a “hold” rating to a “buy” rating in a report on Friday, December 6th. Fourteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Rapid7 currently has an average rating of “Hold” and an average price target of $44.59.

Rapid7 Stock Performance

Shares of RPD stock opened at $39.53 on Monday. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of 62.75 and a beta of 0.95. Rapid7 has a 52-week low of $32.94 and a 52-week high of $61.88. The company has a 50-day simple moving average of $40.87 and a two-hundred day simple moving average of $38.99.

Insider Buying and Selling

In related news, Director Reeny Sondhi sold 3,663 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $40.00, for a total transaction of $146,520.00. Following the sale, the director now owns 17,460 shares of the company’s stock, valued at approximately $698,400. This represents a 17.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Algert Global LLC increased its position in shares of Rapid7 by 158.6% in the second quarter. Algert Global LLC now owns 121,953 shares of the technology company’s stock worth $5,272,000 after purchasing an additional 74,793 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Rapid7 in the 3rd quarter worth $948,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Rapid7 by 36.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 85,951 shares of the technology company’s stock valued at $3,429,000 after buying an additional 22,734 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in shares of Rapid7 by 252.0% during the 2nd quarter. Point72 Asset Management L.P. now owns 3,799,119 shares of the technology company’s stock worth $164,236,000 after acquiring an additional 2,719,791 shares during the last quarter. Finally, Maverick Capital Ltd. purchased a new position in Rapid7 in the third quarter worth $1,679,000. 95.66% of the stock is currently owned by hedge funds and other institutional investors.

Rapid7 Company Profile

Rapid7, Inc provides cybersecurity solutions under the Rapid7, Nexpose, and Metasploit brand names. The company offers endpoint to cloud data collection and sharing applications, such as Rapid7 Insight Agent, a software-based agent that is used on assets across on-premises and cloud environments to centralize and monitor data on company's platform; Rapid7 Insight Network Sensor that analyzes raw end-to-end network traffic to increase visibility into user activity, pinpoint real threats, and investigations; Rapid7 Cloud Event Data Harvesting that offers visibility into changes made to cloud resources; and third-party integrations and ecosystem, as well as orchestration and automation solutions.