Rapid7 Stock (NASDAQ:RPD), Trade Ideas

Rapid7

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.

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PayPal Reports Q4 Results, Joins Rapid7, GoPro And Other Big Stocks Moving Lower In Thursday&#39;s Pre-Market Session

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Rapid7 Inc

Rapid Line Inc

Rapidtron Inc

Scotiabank analyst Patrick Colville initiates coverage on Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) with a Sector Perform rating and announces Price Target of $46.

Initiation

Scotiabank Initiates Coverage On Rapid7 with Sector Perform Rating, Announces Price Target of $46

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/28/24</td>
<td>$950.00</td>
<td>$67.5K</td>
<td>17.1K</td>
<td>40.1K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/28/24</td>
<td>$170.00</td>
<td>$41.5K</td>
<td>8.9K</td>
<td>26.9K</td>
</tr>
<tr>
<td>ARM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$70.00</td>
<td>$7.4 million</td>
<td>28.5K</td>
<td>9.9K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/28/24</td>
<td>$118.00</td>
<td>$114.0K</td>
<td>3.4K</td>
<td>6.0K</td>
</tr>
<tr>
<td>RPD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$55.00</td>
<td>$40.3K</td>
<td>507</td>
<td>2.6K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/28/24</td>
<td>$1100.00</td>
<td>$30.6K</td>
<td>190</td>
<td>1.8K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/12/24</td>
<td>$180.00</td>
<td>$37.5K</td>
<td>1.2K</td>
<td>1.6K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$42.00</td>
<td>$39.3K</td>
<td>3.7K</td>
<td>479</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$110.00</td>
<td>$94.3K</td>
<td>2.4K</td>
<td>476</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$970.00</td>
<td>$25.6K</td>
<td>93</td>
<td>325</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on March 28, 2024. Parties traded 52 contract(s) at a $950.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $67.5K, with a price of $1280.0 per contract. There were 17158 open contracts at this strike prior to today, and today 40129 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 2 day(s) on March 28, 2024. Parties traded 250 contract(s) at a $170.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $41.5K, with a price of $166.0 per contract. There were 8902 open contracts at this strike prior to today, and today 26943 contract(s) were bought and sold. 
• For ARM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), we notice a call option trade that happens to be neutral, expiring in 661 day(s) on January 16, 2026. This event was a transfer of 1000 contract(s) at a $70.00 strike. The total cost received by the writing party (or parties) was $7.4 million, with a price of $7458.0 per contract. There were 28536 open contracts at this strike prior to today, and today 9951 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a call option trade that happens to be bullish, expiring in 2 day(s) on March 28, 2024. This event was a transfer of 392 contract(s) at a $118.00 strike. The total cost received by the writing party (or parties) was $114.0K, with a price of $291.0 per contract. There were 3476 open contracts at this strike prior to today, and today 6079 contract(s) were bought and sold. 
• For RPD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>), we notice a call option sweep that happens to be neutral, expiring in 52 day(s) on May 17, 2024. This event was a transfer of 227 contract(s) at a $55.00 strike. This particular call needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $40.3K, with a price of $181.0 per contract. There were 507 open contracts at this strike prior to today, and today 2686 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a put option sweep that happens to be bearish, expiring in 2 day(s) on March 28, 2024. This event was a transfer of 6 contract(s) at a $1100.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $30.6K, with a price of $5110.0 per contract. There were 190 open contracts at this strike prior to today, and today 1868 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option sweep with bullish sentiment. It expires in 17 day(s) on April 12, 2024. Parties traded 50 contract(s) at a $180.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $37.5K, with a price of $750.0 per contract. There were 1288 open contracts at this strike prior to today, and today 1646 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a call option sweep with bullish sentiment. It expires in 52 day(s) on May 17, 2024. Parties traded 140 contract(s) at a $42.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $39.3K, with a price of $281.0 per contract. There were 3795 open contracts at this strike prior to today, and today 479 contract(s) were bought and sold. 
• Regarding DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we observe a call option trade with bearish sentiment. It expires in 87 day(s) on June 21, 2024. Parties traded 72 contract(s) at a $110.00 strike. The total cost received by the writing party (or parties) was $94.3K, with a price of $1310.0 per contract. There were 2437 open contracts at this strike prior to today, and today 476 contract(s) were bought and sold. 
• For LRCX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), we notice a call option trade that happens to be neutral, expiring in 52 day(s) on May 17, 2024. This event was a transfer of 4 contract(s) at a $970.00 strike. The total cost received by the writing party (or parties) was $25.6K, with a price of $6400.0 per contract. There were 93 open contracts at this strike prior to today, and today 325 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

DELL

INTC

LRCX

NVDA

10 Information Technology Stocks Whale Activity In Today's Session

<h3>Gainers</h3>
<ul>
<li>Alpine 4 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALPP#NASDAQ">ALPP</a>) stock rose 33.8% to $0.95 during Monday's after-market session. The market value of their outstanding shares is at $25.6 million. </li>
<li>Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) shares rose 8.51% to $55.43. The market value of their outstanding shares is at $3.4 billion. </li>
<li>HeartCore Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCR#NASDAQ">HTCR</a>) shares rose 8.38% to $0.99. The company's market cap stands at $20.7 million. </li>
<li>Bit Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) stock increased by 6.45% to $2.31. The company's market cap stands at $246.9 million. As per the news, the Q4 earnings report came out today. </li>
<li>OMNIQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMQS#NASDAQ">OMQS</a>) shares moved upwards by 5.85% to $0.65. The company's market cap stands at $6.8 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) stock increased by 5.66% to $2.05. The market value of their outstanding shares is at $408.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Peraso (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRSO#NASDAQ">PRSO</a>) stock decreased by 20.9% to $1.36 during Monday's after-market session. The company's market cap stands at $1.9 million. As per the press release, Q4 earnings came out today. </li>
<li>Comtech Telecom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMTL#NASDAQ">CMTL</a>) shares declined by 7.61% to $4.25. The market value of their outstanding shares is at $121.0 million. As per the press release, Q2 earnings came out today. </li>
<li>X3 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) shares fell 6.01% to $0.63. The company's market cap stands at $3.3 million. </li>
<li>Wetouch Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WETH#NASDAQ">WETH</a>) shares declined by 5.63% to $4.53. The company's market cap stands at $53.8 million. </li>
<li>Abits Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABTS#NASDAQ">ABTS</a>) shares decreased by 4.88% to $0.74. The market value of their outstanding shares is at $26.2 million. </li>
<li>Sequans Communications (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQNS#NYSE">SQNS</a>) shares decreased by 4.28% to $0.47. The market value of their outstanding shares is at $28.9 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ABTS

ALPP

BTBT

CMTL

HTCR

OMQS

PRSO

SQNS

WETH

XTKG

12 Information Technology Stocks Moving In Monday's After-Market Session

JP Morgan analyst Brian Essex maintains Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) with a Neutral and lowers the price target from $61 to $60.

JP Morgan Maintains Neutral on Rapid7, Lowers Price Target to $60

Barclays analyst Saket Kalia maintains Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) with a Equal-Weight and raises the price target from $58 to $60.

Barclays Maintains Equal-Weight on Rapid7, Raises Price Target to $60

RBC Capital analyst Matthew Hedberg reiterates Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) with a Outperform and maintains $70 price target.

Reiteration

RBC Capital Reiterates Outperform on Rapid7, Maintains $70 Price Target

General

Rapid7 shares are trading lower after the company reported Q4 financial results and issued FY24 revenue guidance below estimates.

U.S. stock futures were mixed this morning, with the Dow futures trading lower by around 10 points on Thursday.
Shares of PayPal Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pypl#NASDAQ">PYPL</a>) fell sharply in today&rsquo;s pre-market trading after the company <a href="https://www.benzinga.com/news/earnings/24/02/36993199/paypal-q4-earnings-revenue-beat-eps-beat-payment-volumes-up-15-active-accounts-down-2-soft-guidance">posted quarterly results.</a>
PayPal reported upbeat earnings and sales results for its fourth quarter on Wednesday. However, the company said it expects full-year 2024 adjusted earnings to be in line with full-year 2023 earnings of $5.10 per share. Current analyst estimates are calling for full-year earnings of $5.48 per share, per <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
PayPal shares dipped 8.3% to $57.91 in pre-market trading.
Here are some big stocks recording losses in today&rsquo;s pre-market trading session.
<ul>
<li>Digital Turbine, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/apps#NASDAQ">APPS</a>) shares fell 14.6% to $4.30 in pre-market trading after the company reported worse-than-expected third-quarter financial results.</li>
<li>Axcelis Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acls#NASDAQ">ACLS</a>) shares tumbled 9.5% to $118.99 in pre-market trading after the company reported fourth-quarter financial results.</li>
<li>Rapid7, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rpd#NASDAQ">RPD</a>) shares declined 7.8% to $52.55 in pre-market trading after the company reported fourth-quarter financial results.</li>
<li>GoPro, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gpro#NASDAQ">GPRO</a>) shares fell 7.6% to $2.68 in pre-market trading following weak sales for the fourth quarter.</li>
<li>Nyxoah S.A. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/nyxh#NASDAQ">NYXH</a>) shares declined 7.4% to $10.67 in pre-market trading.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zim#NYSE">ZIM</a>) shares fell 7.2% to $12.30 in pre-market trading after gaining over 6% on Wednesday.</li>
<li>Sana Biotechnology, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sana#NASDAQ">SANA</a>) shares declined 5.7% to $5.75 in pre-market trading after reporting pricing of upsized public offering.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/02/36999307/fear-greed-index-moves-to-extreme-greed-zone-s-p-500-settles-near-5-000-mark"> Fear &amp; Greed Index Moves To &#39;Extreme Greed&#39; Zone; S&amp;P 500 Settles Near 5,000 Mark </a>
Don&rsquo;t forget to check out our <a href="https://www.benzinga.com/premarket/"> premarket coverage here </a>

PayPal Reports Q4 Results, Joins Rapid7, GoPro And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

Guidance

Rapid7 Sees Q1 Adj. EPS $0.52-$0.55 vs $0.40 Est., Revenue $203M-$205M vs $204.94M Est.; Sees FY24 Adj. EPS $2.10-$2.21 vs $1.79 Est., Revenue $848M-$856M vs $870.23M Est.

WIIM

Rapid7 shares are trading lower after the company reported Q4 financial results.

Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) reported its Q4 earnings results on Wednesday, February 7, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Rapid7 beat estimated earnings by 50.0%, reporting an EPS of $0.72 versus an estimate of $0.48.
Revenue was up $20.79 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.08 which was followed by a 2.77% increase in the share price the next day.
Here's a look at Rapid7's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.42</td>
<td>0.11</td>
<td>0.09</td>
<td>0.18</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.50</td>
<td>0.18</td>
<td>0.16</td>
<td>0.35</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>197.06M</td>
<td>188.10M</td>
<td>181.25M</td>
<td>179.49M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>198.84M</td>
<td>190.42M</td>
<td>183.17M</td>
<td>184.48M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Rapid7 <a href="https://www.benzinga.com/quote/RPD/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Rapid7: Q4 Earnings Insights

Rapid7 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RPD#NASDAQ">RPD</a>) reported quarterly earnings of $0.72 per share which beat the analyst consensus estimate of $0.48 by 50 percent. This is a 105.71 percent increase over earnings of $0.35 per share from the same period last year. The company reported quarterly sales of $205.27 million which beat the analyst consensus estimate of $201.72 million by 1.76 percent. This is a 11.27 percent increase over sales of $184.48 million the same period last year.

Earnings Beats

Rapid7 Q4 2023 Adj EPS $0.72 Beats $0.48 Estimate, Sales $205.27M Beat $201.72M Estimate

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Earnings Scheduled For February 7, 2024

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Shares of software companies are trading lower amid overall market weakness after the Federal Reserve left rates unchanged.