Rapid7 Inc (RPD) Stock: A Closer Look

Rapid7 Inc [RPD] stock prices are up 4.67% to $61.47 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The RPD shares have gain 8.24% over the last week, with a monthly amount glided 13.08%, and seem to be holding up well over a long-time horizon.

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On 7, February 2024, Rapid7 Announces Fourth Quarter and Full-Year 2023 Financial Results. In a post published today on Yahoo Finance, Annualized recurring revenue (“ARR”) of $806 million, an increase of 13% year-over-year.

From an analyst’s perspective:

Rapid7 Inc [NASDAQ: RPD] stock has seen the most recent analyst activity on January 29, 2024, when UBS upgraded its rating to a Buy and also boosted its price target to $70 from $53.

The stock price of Rapid7 Inc [RPD] has been fluctuating between $37.29 and $60.15 over the past year. Rapid7 Inc [NASDAQ: RPD] shares were valued at $61.47 at the most recent close of the market.

Analyzing the RPD fundamentals

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 59.80 points at the first support level, and at 58.13 for the second support level. However, for the 1st resistance point, the stock is sitting at 62.34, and for the 2nd resistance point, it is at 63.21.

Rapid7 Inc [RPD] reported earnings per share of $0.72 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.48/share, meaning a difference of $0.24 and a surprise factor of 50.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.5 per share as compared to estimates of $0.42 per share, a difference of $0.08 representing a surprise of 19.00%.

Ratios To Look Out For

It’s worth pointing out that Rapid7 Inc [NASDAQ:RPD]’s Current Ratio is 1.03.

Transactions by insiders

The next item on our agenda is insider trading, which has seen 0 insider purchases totaling 0 shares and 4 insider sales totaling 29,844 shares over the past 3 months. Recent insider trading involved Burton Andrew F., Chief Operating Officer, that happened on Jan 03 when 17000.0 shares were sold. Chief Operating Officer, Burton Andrew F. completed a deal on Nov 20 to sell 38577.0 shares. Meanwhile, Director Brown Marc Evan sold 11601.0 shares on Aug 10.

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