Insider Selling: RealPage, Inc. (RP) CEO Sells 113,759 Shares of Stock
RealPage, Inc. (NASDAQ:RP) CEO Stephen T. Winn sold 113,759 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $45.34, for a total value of $5,157,833.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Stephen T. Winn also recently made the following trade(s):
- On Thursday, November 30th, Stephen T. Winn sold 421,000 shares of RealPage stock. The stock was sold at an average price of $45.41, for a total value of $19,117,610.00.
Shares of RealPage, Inc. (NASDAQ RP) traded up $0.20 on Thursday, hitting $45.35. The stock had a trading volume of 448,514 shares, compared to its average volume of 536,833. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.06 and a current ratio of 1.06. RealPage, Inc. has a 12-month low of $28.00 and a 12-month high of $46.80. The company has a market cap of $3,808.31, a PE ratio of 83.54 and a beta of 1.09.
Several institutional investors and hedge funds have recently modified their holdings of the company. Martingale Asset Management L P boosted its position in shares of RealPage by 1.4% in the 2nd quarter. Martingale Asset Management L P now owns 7,214 shares of the software maker’s stock worth $260,000 after purchasing an additional 100 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its holdings in RealPage by 0.3% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 38,088 shares of the software maker’s stock worth $1,369,000 after acquiring an additional 100 shares during the last quarter. Bessemer Group Inc. raised its holdings in RealPage by 2.0% in the 2nd quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after acquiring an additional 100 shares during the last quarter. Renaissance Group LLC raised its holdings in RealPage by 2.4% in the 2nd quarter. Renaissance Group LLC now owns 9,424 shares of the software maker’s stock worth $339,000 after acquiring an additional 218 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in RealPage by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after acquiring an additional 272 shares during the last quarter. 73.61% of the stock is currently owned by hedge funds and other institutional investors.
RP has been the topic of several analyst reports. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Benchmark raised their target price on RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $42.00 price objective on shares of RealPage in a research report on Monday, September 11th. Finally, KeyCorp assumed coverage on RealPage in a research report on Thursday, September 7th. They issued an “overweight” rating and a $50.00 price target on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. RealPage currently has a consensus rating of “Buy” and an average price target of $46.57.
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RealPage Company Profile
RealPage, Inc is a provider of technology to the real estate industry, helping owners, managers and investors. The Company’s property management solutions are referred to as Enterprise Resource Planning systems. Its on demand platform provides a single point of access and a repository of real-time lease transaction data, including prospect, renter and property data.
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