Barclays analyst Saket Kalia reiterated a Hold rating on Rapid7 (RPD – Research Report) today and set a price target of $60.00. The company’s shares closed yesterday at $56.99.
Kalia covers the Technology sector, focusing on stocks such as Zscaler, PTC, and Varonis Systems. According to TipRanks, Kalia has an average return of 16.2% and a 62.65% success rate on recommended stocks.
Rapid7 has an analyst consensus of Moderate Buy, with a price target consensus of $62.00.
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Based on Rapid7’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $198.84 million and a GAAP net loss of $76.61 million. In comparison, last year the company earned a revenue of $175.77 million and had a GAAP net loss of $28.73 million
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RPD in relation to earlier this year.
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Rapid7 (RPD) Company Description:
Rapid7, Inc. engages in the provision of cyber security analytics and automation services. Its product includes insight platform, which offers InsightVM, InsightIDR, InsightAppSec, and InsightConnect. The company was founded by Alan P. Matthews, Tas Giakouminakis and Chad Loder in July 2000 and is headquartered in Boston, MA.
Read More on RPD:
- Rapid7 Announces Fourth Quarter and Full-Year 2023 Financial Results
- Rapid7 adds new managed digital risk protection to MDR Service
- Rapid7 Adds New Managed Digital Risk Protection To Leading MDR Service for 360-Degree Detection and Response
- RPD Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- DA Davidson enterprise security analysts hold analyst/industry conference call
