A major move is in the offing as Rapid7 Inc (RPD) market cap hits 3.12 billion

On Tuesday, Rapid7 Inc (NASDAQ: RPD) was 3.05% jump from the session before ,before settling in for the closing price of $48.86. A 52-week range for RPD has been $39.49 – $61.88.

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During the last 5-year period, the sales growth of Technology Sector giant was 26.28%. When this article was written, the company’s average yearly earnings per share was at 42.56%. With a float of $60.18 million, this company’s outstanding shares have now reached $61.71 million.

Let’s determine the extent of company efficiency that accounts for 2228 employees.

Rapid7 Inc (RPD) Insider Activity

Also, it is sometimes useful to examine the sentiment of large-scale investors toward Rapid7 Inc stocks. The insider ownership of Rapid7 Inc is 2.91%, while institutional ownership is 98.62%. The most recent insider transaction that took place on Mar 13 ’24, was worth 2,653,500. In this transaction CEO of this company sold 50,000 shares at a rate of $53.07, taking the stock ownership to the 462,560 shares. Before that another transaction happened on Mar 13 ’24, when Company’s Chief Operating Officer sold 31,727 for $53.07, making the entire transaction worth $1,683,821. This insider now owns 257,494 shares in total.

Rapid7 Inc (RPD) Earnings and Forecasts

Going through the last 3-months fiscal report unveiled on the 12/30/2023, it has been observed that the corporation posted $0.72 earnings per share (EPS) during the time that was better than consensus figure (set at $0.48) by $0.24. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.52 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 42.56% per share during the next fiscal year.

Rapid7 Inc (NASDAQ: RPD) Trading Performance Indicators

You can see what Rapid7 Inc (RPD) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.01. Likewise, its price to free cash flow for the trailing twelve months is 31.24.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.52, a number that is poised to hit 0.54 in the next quarter and is forecasted to reach 2.41 in one year’s time.

Technical Analysis of Rapid7 Inc (RPD)

Looking closely at Rapid7 Inc (NASDAQ: RPD), its last 5-days average volume was 0.43 million, which is a drop from its year-to-date volume of 0.74 million. As of the previous 9 days, the stock’s Stochastic %D was 66.48%. Additionally, its Average True Range was 1.61.

During the past 100 days, Rapid7 Inc’s (RPD) raw stochastic average was set at 19.04%, which indicates a significant decrease from 62.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.17% in the past 14 days, which was lower than the 34.18% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $54.29, while its 200-day Moving Average is $50.77. However, in the short run, Rapid7 Inc’s stock first resistance to watch stands at $50.97. Second resistance stands at $51.60. The third major resistance level sits at $52.64. If the price goes on to break the first support level at $49.30, it is likely to go to the next support level at $48.26. Should the price break the second support level, the third support level stands at $47.63.

Rapid7 Inc (NASDAQ: RPD) Key Stats

There are 61,986K outstanding shares of the company, which has a market capitalization of 3.12 billion. As of now, sales total 777,710 K while income totals -149,260 K. Its latest quarter income was 205,270 K while its last quarter net income were 20,050 K.