RealPage CEO Sells $686,850 in Stock (RP)
RealPage (NYSE:RP) CEO Stephen Winn unloaded 28,500 shares of the stock on the open market in a transaction that occurred on Tuesday, October 8th. The stock was sold at an average price of $24.10, for a total transaction of $686,850.00. Following the sale, the chief executive officer now directly owns 4,730,722 shares of the company’s stock, valued at approximately $114,010,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
RealPage (NYSE:RP) traded down 0.58% on Wednesday, hitting $23.83. 248,268 shares of the company’s stock traded hands. RealPage has a one year low of $16.88 and a one year high of $25.00. The stock’s 50-day moving average is $22.32 and its 200-day moving average is $20.26. The company has a market cap of $1.836 billion and a P/E ratio of 164.18.
RealPage (NYSE:RP) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, meeting the analysts’ 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 last year, the company posted $0.11 earnings per share. RealPage’s revenue was up 19.9% compared to the same quarter last year. Analysts expect that RealPage will post $0.59 EPS for the current fiscal year.
A number of research firms have recently commented on RP. Analysts at Credit Suisse downgraded shares of RealPage 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 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 issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $24.25.
RealPage, Inc, incorporated on December 30, 2003, is a provider of on demand software solutions for the rental housing industry.
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