RealPage CEO Unloads $972,400 in Stock (RP)
RealPage (NYSE:RP) CEO Stephen Winn sold 40,000 shares of RealPage stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $24.31, for a total value of $972,400.00. Following the sale, the chief executive officer now directly owns 4,744,387 shares of the company’s stock, valued at approximately $115,336,048. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on RP. Analysts at Credit Suisse downgraded shares of RealPage (NYSE:RP) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, September 30th. They now have a $20.00 price target on the stock, down previously from $23.40. Finally, analysts at TheStreet upgraded shares of RealPage (NYSE:RP) from a “sell” rating to a “hold” rating in a research note to investors on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $24.25.
Shares of RealPage (NYSE:RP) traded up 1.23% on Friday, hitting $24.70. The stock had a trading volume of 365,426 shares. RealPage has a 52 week low of $16.88 and a 52 week high of $25.00. The stock’s 50-day moving average is $22.08 and its 200-day moving average is $20.19. The company has a market cap of $1.903 billion and a price-to-earnings ratio of 167.12.
RealPage (NYSE:RP) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. The company had revenue of $94.50 million for the quarter, compared to the consensus estimate of $94.27 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis.
RealPage, Inc, incorporated on December 30, 2003, is a provider of on demand software solutions for the rental housing industry.
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