Ashley Chaffin Glover Sells 13,822 Shares of RealPage, Inc. (RP) Stock
RealPage, Inc. (NASDAQ:RP) EVP Ashley Chaffin Glover sold 13,822 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $42.46, for a total value of $586,882.12. Following the completion of the transaction, the executive vice president now directly owns 107,154 shares in the company, valued at approximately $4,549,758.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Ashley Chaffin Glover also recently made the following trade(s):
- On Wednesday, August 16th, Ashley Chaffin Glover sold 9,192 shares of RealPage stock. The shares were sold at an average price of $41.75, for a total value of $383,766.00.
Shares of RealPage, Inc. (RP) opened at 41.50 on Thursday. RealPage, Inc. has a 12 month low of $23.69 and a 12 month high of $43.65. The firm has a 50-day moving average price of $40.50 and a 200-day moving average price of $36.90. The stock has a market cap of $3.28 billion, a PE ratio of 129.69 and a beta of 1.06.
RealPage (NASDAQ:RP) last issued its quarterly earnings data on Wednesday, August 2nd. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.01. The business had revenue of $161.30 million during the quarter, compared to analysts’ expectations of $160.02 million. RealPage had a return on equity of 10.26% and a net margin of 4.25%. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 EPS. Equities analysts forecast that RealPage, Inc. will post $0.93 EPS for the current year.
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RP has been the topic of a number of recent research reports. Deutsche Bank AG reissued a “buy” rating and issued a $42.00 target price (up previously from $40.00) on shares of RealPage in a report on Tuesday, July 18th. Zacks Investment Research downgraded RealPage from a “hold” rating to a “sell” rating in a report on Friday, May 12th. Royal Bank Of Canada reissued a “hold” rating and issued a $38.00 target price on shares of RealPage in a report on Monday, July 24th. JMP Securities reissued an “outperform” rating and issued a $43.00 target price on shares of RealPage in a report on Monday, May 15th. Finally, BidaskClub raised RealPage from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. RealPage presently has a consensus rating of “Buy” and an average target price of $39.83.
Several hedge funds have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in RealPage by 10.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,841 shares of the software maker’s stock worth $102,000 after purchasing an additional 272 shares during the period. Ameritas Investment Partners Inc. acquired a new position in RealPage in the 1st quarter worth about $163,000. Bessemer Group Inc. raised its holdings in RealPage by 2.0% in the 2nd quarter. Bessemer Group Inc. now owns 5,000 shares of the software maker’s stock worth $180,000 after purchasing an additional 100 shares during the period. Gotham Asset Management LLC acquired a new position in RealPage in the 1st quarter worth about $200,000. Finally, Bfsg LLC acquired a new position in RealPage in the 2nd quarter worth about $209,000. 70.49% of the stock is owned by institutional investors and hedge funds.
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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