AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 2,931 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $249.32, for a total value of $730,756.92. Following the completion of the transaction, the insider now directly owns 10,060 shares of the company’s stock, valued at $2,508,159.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
AppFolio Stock Performance
NASDAQ APPF traded down $0.03 during trading hours on Monday, hitting $252.55. 175,954 shares of the company traded hands, compared to its average volume of 300,895. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 122.01 and a beta of 0.80. AppFolio, Inc. has a twelve month low of $164.29 and a twelve month high of $256.73. The business’s 50-day moving average is $238.22 and its 200-day moving average is $223.07.
AppFolio (NASDAQ:APPF – Get Free Report) last released its earnings results on Thursday, April 25th. The software maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.09. The business had revenue of $187.43 million during the quarter, compared to analysts’ expectations of $173.66 million. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. Analysts predict that AppFolio, Inc. will post 2.85 EPS for the current year.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on AppFolio
Hedge Funds Weigh In On AppFolio
Several large investors have recently modified their holdings of APPF. Zeno Equity Partners LLP acquired a new position in AppFolio in the 4th quarter valued at $30,000. GAMMA Investing LLC boosted its position in shares of AppFolio by 589.5% in the second quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock valued at $32,000 after acquiring an additional 112 shares during the period. Advisors Asset Management Inc. increased its position in AppFolio by 291.3% during the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock worth $44,000 after acquiring an additional 134 shares during the period. USA Financial Formulas acquired a new stake in AppFolio in the 4th quarter worth about $59,000. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new stake in AppFolio in the 4th quarter valued at about $64,000. 62.34% of the stock is owned by institutional investors.
About AppFolio
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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