Why RealPage, Inc. (RP) Will Be a Delight for Traders?

RealPage, Inc. (NASDAQ:RP) is now up 24.06% compared to a 12-month low of $42.9. We have seen the price to move 2.9% higher and get settled at $53.22 on 01/10/2019. At recent session, it appeared stuck in a range of $51.33 to $53.25. This company shares are 28.71% off its target price of $68.5 and the current market capitalization stands at $4.83B. The recent change has given its price a 6.89% lead over SMA 50 and -19.67% deficit over its 52-week high. The stock witnessed 4.03% gains, -8.1% declines and -6.14% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found RP’s volatility during a week at 3.96% and during a month it has been found around 4.56%.

RealPage, Inc. (RP) Top Holders

Institutional investors currently hold around $4.08 billion or 83.4% in RP stock. Look at its top three institutional owners. Price T Rowe Associates Inc /Md/ owns $428.88 million in RealPage, Inc., which represents roughly 8.88% of the company’s market cap and approximately 10.5% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 6,481,206 shares of the stock are valued at $335.21 million. The third largest holder is Fmr Llc, which currently holds $203.75 million worth of this stock and that ownership represents nearly 4.22% of its market capitalization.

RealPage, Inc. 13F Filings

At the end of September reporting period, 138 institutional holders increased their position in RealPage, Inc. (NASDAQ:RP) by some 10,496,596 shares, 145 decreased positions by 10,441,747 and 28 held positions by 58,021,806. That puts total institutional holdings at 78,960,149 shares, according to SEC filings. The stock grabbed 52 new institutional investments totaling 1,574,115 shares while 43 institutional investors sold out their entire positions totaling 858,149 shares.

RealPage, Inc. (NASDAQ:RP) Insider Trades

Multiple company employees have indulged in significant insider trading. RealPage, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that 10% Owner Seren Capital, Ltd. has sold 100,000 shares of RealPage, Inc. (RP) in trading session dated Jan. 02, 2019. These shares are worth $4,721,000 and were traded at $47.21 each. The SEC filing shows that Winn Stephen T performed a sale of 100,000 shares. The Chairman President & CEO, 10% Owner disposed these shares by way of transaction on Jan. 02, 2019. The company’s shares were given away at $47.21 per share worth to an income of some $4,721,000 on account of Winn Stephen T.

10% Owner, Seren Capital, Ltd., sold 100,000 common shares of RealPage, Inc. (RP) in the open market. In a transaction dated Dec. 18, 2018, the shares were put up for sale at an average price of $46.64, raking in a sum of $4,664,000. After this sale, 14,054,587 common shares of RP are directly owned by the insider, with total stake valued at $747,985,120.

In the transaction dated Dec. 18, 2018, the great number of shares disposed came courtesy the Chairman President & CEO, 10% Owner; Winn Stephen T disposed a total of 100,000 shares at an average price of $46.64, amounting to approximately $4,664,000. The insider now directly owns 15,125,692 shares worth $804,989,328.

RealPage, Inc. (RP) Analyst Guide

Several analysts have released their opinion on RealPage, Inc. (NASDAQ:RP), with 3 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 5 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.62 average brokerage recommendation.