Insider Selling: RealPage Inc (RP) Major Shareholder Sells $5,516,113.60 in Stock

RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 121,180 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $45.52, for a total transaction of $5,516,113.60. Following the sale, the insider now owns 17,249,554 shares in the company, valued at $785,199,698.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Seren Capital, Ltd. also recently made the following trade(s):

  • On Wednesday, January 3rd, Seren Capital, Ltd. sold 34,052 shares of RealPage stock. The stock was sold at an average price of $45.19, for a total transaction of $1,538,809.88.
  • On Wednesday, December 20th, Seren Capital, Ltd. sold 48,065 shares of RealPage stock. The stock was sold at an average price of $44.63, for a total transaction of $2,145,140.95.
  • On Friday, December 22nd, Seren Capital, Ltd. sold 109,709 shares of RealPage stock. The stock was sold at an average price of $44.33, for a total transaction of $4,863,399.97.
  • On Monday, December 11th, Seren Capital, Ltd. sold 23,566 shares of RealPage stock. The stock was sold at an average price of $44.24, for a total transaction of $1,042,559.84.
  • On Wednesday, December 13th, Seren Capital, Ltd. sold 73,501 shares of RealPage stock. The stock was sold at an average price of $44.32, for a total transaction of $3,257,564.32.
  • On Tuesday, November 28th, Seren Capital, Ltd. sold 195,016 shares of RealPage stock. The stock was sold at an average price of $45.34, for a total transaction of $8,842,025.44.
  • On Thursday, November 30th, Seren Capital, Ltd. sold 252,600 shares of RealPage stock. The stock was sold at an average price of $45.41, for a total transaction of $11,470,566.00.
  • On Monday, November 13th, Seren Capital, Ltd. sold 89,220 shares of RealPage stock. The stock was sold at an average price of $43.50, for a total transaction of $3,881,070.00.
  • On Wednesday, November 15th, Seren Capital, Ltd. sold 188,601 shares of RealPage stock. The stock was sold at an average price of $43.57, for a total transaction of $8,217,345.57.

RealPage Inc (NASDAQ RP) opened at $45.40 on Monday. The stock has a market cap of $3,750.00, a P/E ratio of 129.71 and a beta of 1.09. RealPage Inc has a fifty-two week low of $28.00 and a fifty-two week 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.

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

A number of research firms have recently commented on RP. BidaskClub cut shares of RealPage from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Zacks Investment Research cut shares of RealPage from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Stephens increased their target price on shares of RealPage from $50.00 to $54.00 and gave the stock an “overweight” rating in a report on Friday, December 29th. Benchmark increased their target price on shares of RealPage from $43.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $42.00 target price on shares of RealPage in a report on Monday, September 11th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. RealPage presently has an average rating of “Buy” and a consensus target price of $47.88.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio raised its holdings in RealPage by 41.2% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 227,560 shares of the software maker’s stock valued at $9,080,000 after buying an additional 66,420 shares during the last quarter. Sterling Capital Management LLC raised its holdings in RealPage by 15.8% in the 3rd quarter. Sterling Capital Management LLC now owns 54,630 shares of the software maker’s stock valued at $2,180,000 after buying an additional 7,454 shares during the last quarter. Insight Capital Research & Management Inc. bought a new position in RealPage in the 3rd quarter valued at approximately $1,717,000. California Public Employees Retirement System raised its holdings in RealPage by 7.3% in the 3rd quarter. California Public Employees Retirement System now owns 185,810 shares of the software maker’s stock valued at $7,414,000 after buying an additional 12,610 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in RealPage by 49.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 182,100 shares of the software maker’s stock valued at $7,266,000 after buying an additional 60,500 shares during the last quarter. Institutional investors and hedge funds own 73.58% of the company’s stock.

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About RealPage

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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