RPD Stock Summary and Trading Ideas (Rapid7 | NASDAQ:RPD)

Founded in 2000, Rapid7 is a cybersecurity company that began providing vulnerability management solutions. It has, however, expanded its portfolio to provide extended detection and response; security information and event management; cloud security, threat intelligence, and application security; and security orchestration, automation, and response. The Boston-based company went public in 2015.

Rapid7 trades on the NASDAQ stock market under the symbol RPD.

As of April 23, 2024, RPD stock price climbed to $46.13 with 231,805 million shares trading.

RPD has a beta of 1.85, meaning it tends to be more sensitive to market movements. RPD has a correlation of 0.26 to the broad based SPY ETF.

RPD has a market cap of $2.87 billion. This is considered a Mid Cap stock.

Last quarter Rapid7 reported $205 million in Revenue and $.72 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.24.

In the last 3 years, RPD stock traded as high as $145.00 and as low as $26.49.

The top ETF exchange traded funds that RPD belongs to (by Net Assets): CIBR, VTI, VB, IWM, VXF.

RPD has underperformed the market in the last year with a price return of -10.7% while the SPY ETF gained +24.3%. RPD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.0% and -5.6%, respectively, while the SPY returned +4.9% and -2.5%, respectively.

RPD support price is $43.68 and resistance is $45.76 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RPD stock will trade within this expected range on the day.