Some RealPage, Inc. (NASDAQ:RP) shareholders may be a little concerned to see that the Executive VP & COO, Ashley Chaffin-Glover, recently sold a whopping US$1.0m worth of stock at a price of US$54.20 per share. That’s a big dump, and it decreased their holding size by 14%, which is notable but not too bad.
The Last 12 Months Of Insider Transactions At RealPage
In fact, the recent sale by Ashley Chaffin-Glover was the biggest sale of RealPage shares made by an insider individual in the last twelve months, according to our records. So it’s clear an insider wanted to take some cash off the table, even slightly below the current price of US$54.94. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can’t be sure if it does mean insiders think the shares are fully valued, so it’s only a weak sign. We note that the biggest single sale was only 14%of Ashley Chaffin-Glover’s holding.
We note that in the last year insiders divested 62782 shares for a total of US$3.6m. Insiders in RealPage didn’t buy any shares in the last year. The chart below shows insider transactions (by individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: insiders have been buying them).
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. RealPage insiders own 2.3% of the company, currently worth about US$119m based on the recent share price. This kind of significant ownership by insiders does generally increase the chance that the company is run in the interest of all shareholders.
So What Do The RealPage Insider Transactions Indicate?
An insider sold RealPage shares recently, but they didn’t buy any. And even if we look to the last year, we didn’t see any purchases. But it is good to see that RealPage is growing earnings. The company boasts high insider ownership, but we’re a little hesitant, given the history of share sales. Of course, the future is what matters most. So if you are interested in RealPage, you should check out this free report on analyst forecasts for the company.
Of course RealPage may not be the best stock to buy. So you may wish to see this free collection of high quality companies.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
If you spot an error that warrants correction, please contact the editor at firstname.lastname@example.org. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.
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