Insider Sales at RealPage (RP) Extends the Selling Trend of Last Quarter

Wednesday, November 15, 2017 10:15 PM ET

Insider Sales at RealPage (RP) Extends the Selling Trend of Last Quarter

There was substantial level of selling of RealPage shares by insiders today, as revealed in form 4 documents filed with the SEC. Two insiders — Seren Capital Ltd, 10% Owner, and Stephen T Winn, 10% Owner, Director and Officer — disposed of 502,936 shares in the company having a market value of approximately $21,914,670. There have been 5 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 1,329,599 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 1,832,535 shares and have averaged 261,791 shares per transaction over this time period.

Over the last 90 days, the number of insider buy/sell trades at RealPage is greater than the 62-company peer group average. Enterprise Software peer group saw 169 buy/sell trades during this period for an average of 2.7 transactions per company. The number of shares per buy/sell trade for RealPage insiders was also higher. Within the peer group there were 295,631 shares purchased and 5,703,288 shares sold with company insiders disposing of 31,998 shares on average.

The data obtained in evaluating and writing in this story eliminates 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.

Today’s Insider Activity
* Seren Capital Ltd, 10% Owner, sold 188,601 shares
* Stephen T Winn, 10% Owner, Director and Officer, sold 314,335 shares

Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.

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