AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 200 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $232.52, for a total value of $46,504.00. Following the completion of the sale, the insider now owns 27,568 shares of the company’s stock, valued at $6,410,111.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
AppFolio Stock Down 2.6 %
NASDAQ:APPF opened at $215.69 on Friday. The stock’s fifty day moving average is $241.56 and its two-hundred day moving average is $232.10. AppFolio, Inc. has a 52 week low of $164.29 and a 52 week high of $274.56. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 104.20 and a beta of 0.80.
AppFolio (NASDAQ:APPF – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.16. The business had revenue of $197.38 million for the quarter, compared to analysts’ expectations of $190.57 million. AppFolio had a return on equity of 27.39% and a net margin of 17.32%. The company’s revenue for the quarter was up 34.2% compared to the same quarter last year. During the same period last year, the firm earned ($0.53) earnings per share. On average, sell-side analysts expect that AppFolio, Inc. will post 2.94 EPS for the current fiscal year.
Analysts Set New Price Targets
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Institutional Trading of AppFolio
Hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC raised its stake 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 in the last quarter. CWM LLC raised its stake in shares of AppFolio by 238.6% in the second quarter. CWM LLC now owns 149 shares of the software maker’s stock valued at $36,000 after acquiring an additional 105 shares in the last quarter. Advisors Asset Management Inc. raised its stake in shares of AppFolio by 291.3% in the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock valued at $44,000 after acquiring an additional 134 shares in the last quarter. USA Financial Formulas purchased a new position in AppFolio in the fourth quarter valued at $59,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in AppFolio in the fourth quarter valued at $64,000. 62.34% of the stock is currently 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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