Insider Selling: RealPage Inc (NASDAQ:RP) Major Shareholder Sells 126,405 Shares of Stock

RealPage Inc (NASDAQ:RP) major shareholder Seren Capital, Ltd. sold 126,405 shares of RealPage stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $53.00, for a total value of $6,699,465.00. Following the completion of the sale, the insider now owns 17,103,268 shares of the company’s stock, valued at $906,473,204. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more 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):

How to Become a New Pot Stock Millionaire
  • On Tuesday, March 27th, Seren Capital, Ltd. sold 27,304 shares of RealPage stock. The stock was sold at an average price of $52.68, for a total value of $1,438,374.72.
  • On Thursday, March 29th, Seren Capital, Ltd. sold 174,432 shares of RealPage stock. The stock was sold at an average price of $51.40, for a total value of $8,965,804.80.
  • On Monday, March 12th, Seren Capital, Ltd. sold 27,117 shares of RealPage stock. The stock was sold at an average price of $53.37, for a total value of $1,447,234.29.
  • On Tuesday, March 6th, Seren Capital, Ltd. sold 57,358 shares of RealPage stock. The stock was sold at an average price of $52.31, for a total value of $3,000,396.98.
  • On Wednesday, March 14th, Seren Capital, Ltd. sold 312,682 shares of RealPage stock. The stock was sold at an average price of $52.88, for a total value of $16,534,624.16.
  • 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 value of $1,538,809.88.
  • On Friday, January 5th, Seren Capital, Ltd. sold 121,180 shares of RealPage stock. The stock was sold at an average price of $45.52, for a total value of $5,516,113.60.
  • 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 value 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 value of $4,863,399.97.

NASDAQ:RP opened at $51.35 on Friday. RealPage Inc has a fifty-two week low of $32.30 and a fifty-two week high of $54.95. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.26. The stock has a market cap of $4,283.48, a PE ratio of 142.64 and a beta of 1.09.

RealPage (NASDAQ:RP) last released its quarterly earnings data on Tuesday, February 27th. The software maker reported $0.13 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.04). The business had revenue of $188.39 million for the quarter, compared to the consensus estimate of $186.46 million. RealPage had a net margin of 0.06% and a return on equity of 8.97%. equities analysts expect that RealPage Inc will post 0.97 EPS for the current fiscal year.

A number of brokerages have issued reports on RP. Zacks Investment Research upgraded RealPage from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Wednesday, March 7th. TheStreet cut RealPage from a “b” rating to a “c+” rating in a report on Wednesday, February 28th. Royal Bank of Canada restated a “hold” rating on shares of RealPage in a report on Thursday, March 1st. BidaskClub upgraded RealPage from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 22nd. Finally, Deutsche Bank lifted their price objective on RealPage to $60.00 in a report on Wednesday, February 28th. One analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. RealPage currently has a consensus rating of “Buy” and a consensus target price of $54.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in RealPage by 2.4% in the 4th quarter. BlackRock Inc. now owns 3,801,138 shares of the software maker’s stock valued at $168,391,000 after acquiring an additional 89,642 shares in the last quarter. Janus Henderson Group PLC lifted its stake in RealPage by 6.5% in the 3rd quarter. Janus Henderson Group PLC now owns 3,194,363 shares of the software maker’s stock valued at $127,455,000 after acquiring an additional 195,891 shares in the last quarter. Eagle Asset Management Inc. lifted its stake in RealPage by 2.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 2,505,949 shares of the software maker’s stock valued at $101,365,000 after acquiring an additional 63,354 shares in the last quarter. ArrowMark Colorado Holdings LLC lifted its stake in RealPage by 10.7% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,936,901 shares of the software maker’s stock valued at $85,805,000 after acquiring an additional 187,399 shares in the last quarter. Finally, Contour Asset Management LLC lifted its stake in RealPage by 45.1% in the 4th quarter. Contour Asset Management LLC now owns 1,879,405 shares of the software maker’s stock valued at $83,258,000 after acquiring an additional 583,958 shares in the last quarter. Hedge funds and other institutional investors own 79.85% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This article was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this article on another domain, it was stolen and republished in violation of U.S. & international copyright and trademark laws. The original version of this article can be accessed at https://www.dispatchtribunal.com/2018/04/07/realpage-inc-rp-major-shareholder-seren-capital-ltd-sells-126405-shares-of-stock.html.

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)

Receive News & Ratings for RealPage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RealPage and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply