Insider Selling: RealPage CEO Sells 30,000 Shares of Stock (RP)
RealPage (NYSE:RP) CEO Stephen Winn sold 30,000 shares of the company’s stock on the open market in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $22.17, for a total transaction of $665,100.00. Following the completion of the transaction, the chief executive officer now directly owns 4,565,697 shares in the company, valued at approximately $101,221,502. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of RealPage (NYSE:RP) traded up 1.05% on Tuesday, hitting $22.18. The stock had a trading volume of 265,933 shares. RealPage has a 52 week low of $16.88 and a 52 week high of $26.34. The stock has a 50-day moving average of $22.54 and a 200-day moving average of $22.18. The company has a market cap of $1.723 billion and a price-to-earnings ratio of 75.69.
RealPage (NYSE:RP) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.01. The company had revenue of $99.90 million for the quarter, compared to the consensus estimate of $99.72 million. During the same quarter last year, the company posted $0.12 earnings per share. RealPage’s revenue was up 20.1% compared to the same quarter last year. On average, analysts predict that RealPage will post $0.60 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of RealPage from a “hold” rating to a “buy” rating in a research note to investors on Wednesday, October 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price 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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