Realpage Inc (RP) Files Form 4 Insider Selling : Stephen T Winn Sells 89,908 Shares

Realpage Inc (RP): Stephen T Winn , director officer 10% owner (Chairman President & of Realpage Inc sold 89,908 shares on Sep 22, 2016. The Insider selling transaction was reported by the company on Sep 26, 2016 to the Securities and Exchange Commission. The shares were sold at $26.10 per share for a total value of $2,348,800.75 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 26, 2016, Capital, Ltd. Seren (10% owner) sold 35,963 shares at $26.10 per share price.On Sep 16, 2016, Stephen T Winn (director officer 10% owner (Chairman President &) sold 110,000 shares at $24.83 per share price.Also, On Aug 24, 2016, W Bryan Hill (EVP, CFO & Treasurer) sold 5,000 shares at $25.53 per share price.On Aug 16, 2016, William P Chaney (EVP Enterprise Solutions) sold 6,242 shares at $24.65 per share price.

RealPage: On Thursday, Sep 22, 2016 heightened volatility was witnessed in RealPage which led to swings in the share price. The shares opened for trading at $25.91 and hit $26.43 on the upside , eventually ending the session at $26.41, with a gain of 2.68% or 0.69 points. The heightened volatility saw the trading volume jump to 3,04,134 shares. The 52-week high of the share price is $26.44 and the company has a market cap of $2,120 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 Reiterated by RBC Capital Mkts to Sector Perform and the brokerage firm has raised the Price Target to $ 27 from a previous price target of $23 .The Rating was issued on Aug 4, 2016.RealPage is Resumed by Credit Suisse to Underperform. The Rating was issued on Aug 4, 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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