AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 2,741 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $230.94, for a total transaction of $633,006.54. Following the sale, the insider now directly owns 37,904 shares in the company, valued at approximately $8,753,549.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
AppFolio Stock Performance
AppFolio stock traded up $0.31 during midday trading on Monday, hitting $232.13. 174,141 shares of the company were exchanged, compared to its average volume of 287,861. The firm has a market capitalization of $8.41 billion, a PE ratio of 112.14 and a beta of 0.80. AppFolio, Inc. has a fifty-two week low of $162.32 and a fifty-two week high of $256.73. The business has a fifty day simple moving average of $232.54 and a two-hundred day simple moving average of $217.97.
AppFolio (NASDAQ:APPF – Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The software maker reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. The business had revenue of $187.43 million during the quarter, compared to the consensus estimate of $173.66 million. As a group, equities analysts expect that AppFolio, Inc. will post 2.85 earnings per share for the current year.
Wall Street Analyst Weigh In
Read Our Latest Research Report on AppFolio
Institutional Trading of AppFolio
Several institutional investors have recently bought and sold shares of APPF. DekaBank Deutsche Girozentrale acquired a new position in shares of AppFolio during the 1st quarter worth approximately $235,000. EULAV Asset Management acquired a new position in AppFolio during the first quarter worth $2,690,000. Comerica Bank lifted its holdings in AppFolio by 129.9% during the first quarter. Comerica Bank now owns 13,683 shares of the software maker’s stock valued at $3,376,000 after purchasing an additional 7,732 shares in the last quarter. Caxton Associates LP acquired a new stake in shares of AppFolio in the first quarter valued at about $290,000. Finally, Paloma Partners Management Co acquired a new stake in shares of AppFolio in the first quarter valued at about $336,000. 62.34% of the stock is owned by institutional investors and hedge funds.
AppFolio Company Profile
AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.
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