RealPage Inc (NASDAQ:RP) Major Shareholder Sells $3,173,177.52 in Stock

RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 51,672 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $61.41, for a total transaction of $3,173,177.52. Following the completion of the sale, the insider now directly owns 9,504,263 shares in the company, valued at approximately $583,656,790.83. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, June 26th, Seren Capital, Ltd. sold 150,000 shares of RealPage stock. The shares were sold at an average price of $57.25, for a total transaction of $8,587,500.00.
  • On Tuesday, June 4th, Seren Capital, Ltd. sold 150,000 shares of RealPage stock. The shares were sold at an average price of $56.16, for a total transaction of $8,424,000.00.

Shares of NASDAQ:RP traded up $0.29 on Thursday, hitting $59.91. The stock had a trading volume of 862,106 shares, compared to its average volume of 679,892. RealPage Inc has a twelve month low of $42.90 and a twelve month high of $66.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.78 and a current ratio of 0.78. The firm’s 50 day moving average price is $62.01 and its 200-day moving average price is $60.70. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 54.46 and a beta of 1.31.



RealPage (NASDAQ:RP) last issued its earnings results on Thursday, August 1st. The software maker reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.14. RealPage had a net margin of 4.48% and a return on equity of 9.97%. The company had revenue of $244.00 million for the quarter, compared to the consensus estimate of $243.21 million. During the same quarter in the previous year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, sell-side analysts predict that RealPage Inc will post 1.25 EPS for the current year.

Large investors have recently modified their holdings of the company. CWM LLC boosted its stake in shares of RealPage by 931.6% in the 2nd quarter. CWM LLC now owns 588 shares of the software maker’s stock valued at $35,000 after purchasing an additional 531 shares in the last quarter. FTB Advisors Inc. boosted its stake in shares of RealPage by 487.8% in the 2nd quarter. FTB Advisors Inc. now owns 1,111 shares of the software maker’s stock valued at $65,000 after purchasing an additional 922 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in shares of RealPage in the 1st quarter valued at $67,000. Tower Research Capital LLC TRC boosted its stake in shares of RealPage by 242.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,601 shares of the software maker’s stock valued at $95,000 after purchasing an additional 1,134 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in shares of RealPage in the 2nd quarter valued at $113,000. Institutional investors own 89.19% of the company’s stock.

Several brokerages have issued reports on RP. KeyCorp began coverage on shares of RealPage in a report on Tuesday, July 16th. They issued an “overweight” rating and a $76.00 price target on the stock. BidaskClub raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Keefe, Bruyette & Woods began coverage on shares of RealPage in a report on Tuesday, July 9th. They issued an “outperform” rating and a $74.00 price target on the stock. ValuEngine raised shares of RealPage from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Zacks Investment Research downgraded shares of RealPage from a “buy” rating to a “hold” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. RealPage has an average rating of “Buy” and an average target price of $66.67.

About RealPage

RealPage, Inc provides software and data analytics for the real estate industry in the United States. It offers OneSite, a property management solution for multi-family, affordable property, rural housing, military housing, senior and student living, and commercial property types; and Propertyware, an on demand property management system for single-family properties, and small and centrally managed multifamily properties.

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

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