Ashley Chaffin Glover Sells 10,000 Shares of RealPage Inc (RP) Stock

RealPage Inc (NASDAQ:RP) EVP Ashley Chaffin Glover sold 10,000 shares of RealPage stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $44.30, for a total value of $443,000.00. Following the transaction, the executive vice president now owns 83,854 shares of the company’s stock, valued at approximately $3,714,732.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

RealPage Inc (NASDAQ RP) traded up $0.25 during trading hours on Thursday, hitting $44.50. 531,700 shares of the company were exchanged, compared to its average volume of 536,683. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.06 and a quick ratio of 1.06. The company has a market cap of $3,667.42, a PE ratio of 80.46 and a beta of 1.08. RealPage Inc has a 52 week low of $28.00 and a 52 week high of $46.80.

RealPage (NASDAQ:RP) last posted its quarterly earnings results on Thursday, November 2nd. The software maker reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The company had revenue of $169.76 million for the quarter, compared to analysts’ expectations of $170.73 million. RealPage had a net margin of 4.52% and a return on equity of 9.51%. RealPage’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. sell-side analysts anticipate that RealPage Inc will post 0.57 EPS for the current year.

A number of hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its holdings in shares of RealPage by 41.2% in the third quarter. Public Employees Retirement System of Ohio now owns 227,560 shares of the software maker’s stock worth $9,080,000 after purchasing an additional 66,420 shares during the period. Sterling Capital Management LLC grew its position in RealPage by 15.8% in the third quarter. Sterling Capital Management LLC now owns 54,630 shares of the software maker’s stock worth $2,180,000 after acquiring an additional 7,454 shares in the last quarter. Insight Capital Research & Management Inc. purchased a new position in RealPage in the third quarter worth $1,717,000. California Public Employees Retirement System grew its position in RealPage by 7.3% in the third quarter. California Public Employees Retirement System now owns 185,810 shares of the software maker’s stock worth $7,414,000 after acquiring an additional 12,610 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in RealPage by 49.8% in the third quarter. Point72 Asset Management L.P. now owns 182,100 shares of the software maker’s stock worth $7,266,000 after acquiring an additional 60,500 shares in the last quarter. 73.64% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently weighed in on RP shares. Zacks Investment Research upgraded RealPage from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. BidaskClub upgraded RealPage from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. KeyCorp started coverage on RealPage in a research note on Thursday, September 7th. They issued an “overweight” rating and a $50.00 target price on the stock. Royal Bank of Canada restated a “hold” rating and issued a $42.00 target price on shares of RealPage in a research note on Monday, September 11th. Finally, Benchmark boosted 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price 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.

Insider Buying and Selling by Quarter for RealPage (NASDAQ:RP)

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