Insider Selling: RealPage, Inc. (NASDAQ:RP) EVP Sells 17,500 Shares of Stock
RealPage, Inc. (NASDAQ:RP) EVP Andrew Blount sold 17,500 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $39.87, for a total transaction of $697,725.00. Following the transaction, the executive vice president now directly owns 179,857 shares of the company’s stock, valued at approximately $7,170,898.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
RealPage, Inc. (RP) traded down 2.81% during mid-day trading on Thursday, reaching $38.05. 489,370 shares of the company were exchanged. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 118.91 and a beta of 1.11. The company’s 50 day moving average price is $38.16 and its 200-day moving average price is $35.54. RealPage, Inc. has a 12-month low of $23.69 and a 12-month high of $43.65.
RealPage (NASDAQ:RP) last announced its quarterly earnings results on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $161.30 million for the quarter, compared to analyst estimates of $160.02 million. RealPage had a net margin of 4.25% and a return on equity of 10.26%. The firm’s revenue was up 13.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. On average, equities research analysts forecast that RealPage, Inc. will post $0.93 earnings per share for the current fiscal year.
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A number of research analysts have recently commented on RP shares. Deutsche Bank AG upped their price objective on shares of RealPage from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research raised shares of RealPage from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $38.00 price objective on shares of RealPage in a research report on Monday, July 24th. JMP Securities reaffirmed an “outperform” rating and set a $43.00 price objective on shares of RealPage in a research report on Friday, May 5th. Finally, Stephens reaffirmed an “overweight” rating and set a $47.00 price objective (up previously from $42.00) on shares of RealPage in a research report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $39.83.
Several large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in shares of RealPage by 4.8% in the second quarter. BlackRock Inc. now owns 3,550,911 shares of the software maker’s stock valued at $127,656,000 after buying an additional 163,752 shares during the period. Nationwide Fund Advisors raised its stake in shares of RealPage by 2.0% in the second quarter. Nationwide Fund Advisors now owns 58,104 shares of the software maker’s stock valued at $2,089,000 after buying an additional 1,141 shares during the period. Ameriprise Financial Inc. raised its stake in shares of RealPage by 354.9% in the second quarter. Ameriprise Financial Inc. now owns 187,511 shares of the software maker’s stock valued at $6,741,000 after buying an additional 146,295 shares during the period. Fiera Capital Corp bought a new stake in shares of RealPage during the second quarter valued at about $7,713,000. Finally, Capital Fund Management S.A. raised its stake in shares of RealPage by 8.7% in the second quarter. Capital Fund Management S.A. now owns 7,610 shares of the software maker’s stock valued at $274,000 after buying an additional 610 shares during the period. 67.44% of the stock is currently owned by institutional investors.
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.
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