Wednesday, August 30, 2017 10:15 PM ET
Insider Selling at RealPage (RP) Continues with Significant Sale
One RealPage insider Seren Capital Ltd, 10% Owner, today, disposed of 95,760 shares having a market value of approximately $3,921,372, as disclosed in a form 4 document filed with the SEC. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 915,032 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,010,792 shares and have averaged 126,349 shares per transaction over this time period.
The level of buy/sell trading at RealPage is is greater than the 62 peer company average over the last 90-day period. The Enterprise Software peer group saw 172 buy/sell trades during this period for an average of 2.8 transactions per company. The number of shares per buy/sell trade for RealPage insiders was also higher. Within the peer group there were 1,052,131 shares purchased and 6,889,747 shares sold with company insiders selling 33,940 shares on average.
To bring into focus significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated in data used to evaluate and write this story.
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