Insider Selling: RealPage Inc (RP) CEO Sells 19,865 Shares of Stock

RealPage Inc (NASDAQ:RP) CEO Stephen T. Winn sold 19,865 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $45.19, for a total transaction of $897,699.35. Following the completion of the transaction, the chief executive officer now directly owns 2,364,389 shares of the company’s stock, valued at approximately $106,846,738.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Stephen T. Winn also recently made the following trade(s):

  • On Tuesday, November 28th, Stephen T. Winn sold 113,759 shares of RealPage stock. The shares were sold at an average price of $45.34, for a total transaction of $5,157,833.06.
  • On Thursday, November 30th, Stephen T. Winn sold 421,000 shares of RealPage stock. The shares were sold at an average price of $45.41, for a total transaction of $19,117,610.00.

Shares of RealPage Inc (NASDAQ RP) traded down $0.40 during mid-day trading on Friday, reaching $45.40. 456,189 shares of the company traded hands, compared to its average volume of 455,847. RealPage Inc has a 1 year low of $28.00 and a 1 year high of $46.80. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3,790.00, a price-to-earnings ratio of 129.71 and a beta of 1.09.

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

A number of hedge funds have recently modified their holdings of the stock. Public Employees Retirement System of Ohio increased its position in RealPage by 41.2% during 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 last quarter. Sterling Capital Management LLC increased its position in RealPage by 15.8% during the third quarter. Sterling Capital Management LLC now owns 54,630 shares of the software maker’s stock worth $2,180,000 after purchasing an additional 7,454 shares during the last quarter. Insight Capital Research & Management Inc. acquired a new position in RealPage during the third quarter worth approximately $1,717,000. California Public Employees Retirement System increased its position in RealPage by 7.3% during the third quarter. California Public Employees Retirement System now owns 185,810 shares of the software maker’s stock worth $7,414,000 after purchasing an additional 12,610 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its position in RealPage by 49.8% during the third quarter. Point72 Asset Management L.P. now owns 182,100 shares of the software maker’s stock worth $7,266,000 after purchasing an additional 60,500 shares during the last quarter. 73.58% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on RP shares. KeyCorp started coverage on shares of RealPage in a research report on Thursday, September 7th. They issued an “overweight” rating and a $50.00 price objective for the company. Royal Bank of Canada reissued a “hold” rating and issued a $42.00 price objective on shares of RealPage in a research report on Monday, September 11th. Zacks Investment Research lowered shares of RealPage from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. BidaskClub lowered shares of RealPage from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Finally, Benchmark boosted their price objective on shares of RealPage from $43.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $47.88.

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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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