RealPage CEO Stephen T. Winn Sells 70,000 Shares (RP)
RealPage (NYSE:RP) CEO Stephen T. Winn sold 70,000 shares of RealPage stock in a transaction that occurred on Wednesday, July 2nd. The shares were sold at an average price of $22.65, for a total transaction of $1,585,500.00. Following the transaction, the chief executive officer now directly owns 4,390,811 shares in the company, valued at approximately $99,451,869. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of RealPage in a research note on Monday, June 23rd. They now have a $20.00 price target on the stock, up previously from $18.00. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $20.25.
Shares of RealPage (NYSE:RP) traded up 0.84% during mid-day trading on Thursday, hitting $22.82. 89,428 shares of the company’s stock traded hands. RealPage has a one year low of $15.40 and a one year high of $26.34. The stock has a 50-day moving average of $21.34 and a 200-day moving average of $20.14. The company has a market cap of $1.798 billion and a price-to-earnings ratio of 90.88.
RealPage (NYSE:RP) last announced its earnings results on Tuesday, May 6th. 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 $101.90 million for the quarter, compared to the consensus estimate of $101.10 million. During the same quarter last year, the company posted $0.13 earnings per share. RealPage’s revenue was up 14.5% compared to the same quarter last year. On average, analysts predict that RealPage will post $0.68 earnings per share for the current fiscal year.
RealPage, Inc, is a provider of on demand software solutions for the rental housing industry. The Company’s platform consists of its property management systems, as well as seven families of software-enabled value-added services.
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