RealPage (RP) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

Friday, January 05, 2018 10:15 PM ET

RealPage (RP) Insiders Make Significant Share Sales Extending the Trend of Last Quarter

There was a substantial level of insider selling revealed today in filings with the SEC for RealPage. Two insiders — Seren Capital Ltd, 10% Owner, and Stephen T Winn, 10% Owner, Director and Officer — sold 323,148 shares in the company for approximately $14,710,070. There have been 7 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the sale of 1,726,445 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 2,049,593 shares and have averaged 227,733 shares per transaction over this time period.

During the last 90 days, the number of insider buy/sell trades at RealPage is greater than the 64-company peer group average. Enterprise Software peer group saw 153 buy/sell trades during this period for an average of 2.4 transactions per company. The number of shares per buy/sell trade for RealPage insiders was also higher. Within the peer group there were 1,441,965 shares purchased and 7,376,945 shares sold with company insiders having sold 38,791 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 sourced to compose and write this story.

Today’s Insider Activity
* Seren Capital Ltd, 10% Owner, sold 121,180 shares
* Stephen T Winn, 10% Owner, Director and Officer, sold 201,968 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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