Realpage Inc (RP) Files Form 4 Insider Selling : Capital, Ltd. Seren Sells 27,000 Shares

Realpage Inc (RP): Capital, Ltd. Seren , 10% owner of Realpage Inc sold 27,000 shares on Jun 29, 2016. The Insider selling transaction was reported by the company on Jul 1, 2016 to the Securities and Exchange Commission. The shares were sold at $22.05 per share for a total value of $595,232.38 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 15, 2016, Stephen T Winn (director officer 10% owner (Chairman President &) sold 100,000 shares at $22.78 per share price.On Jun 15, 2016, Capital, Ltd. Seren (10% owner) sold 30,000 shares at $22.78 per share price.Also, On Jun 15, 2016, W Bryan Hill (EVP, CFO & Treasurer) sold 3,500 shares at $22.90 per share price.On May 26, 2016, William P Chaney (EVP Enterprise Solutions) sold 3,445 shares at $21.35 per share price.

RealPage: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in RealPage which led to swings in the share price. The shares opened for trading at $22.01 and hit $22.6 on the upside , eventually ending the session at $22, with a gain of 1.20% or 0.26 points. The heightened volatility saw the trading volume jump to 3,57,258 shares. The 52-week high of the share price is $23.98 and the company has a market cap of $1,761 M . The 52-week low of the share price is at $16.06.

RealPage Money Flow Index Chart

Company has been under the radar of several Street Analysts.RealPage is Initiated by The Benchmark Company to Buy and the brokerage firm has set the Price Target at $28. The Rating was issued on Jun 28, 2016.

RealPage Inc. is a provider of on demand software and software-enabled solutions for the rental housing industry. The Company’s property management solutions enables owners and managers of single family and multifamily rental property types to manage their marketing pricing screening leasing accounting purchasing and other property operations. Its on demand software solutions are delivered through an integrated software platform that provides a single point of access and a shared repository of prospect renter and property data. By integrating and streamlining different processes and interactions among the rental housing and vacation rental ecosystem of owners managers prospects renters and service providers the Company’s platform facilitates the property management process. The Company also provides solutions that consist of advisory services consulting and training.

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