AppFolio (NASDAQ:APPF – Get Free Report) issued its earnings results on Thursday. The software maker reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.26, Briefing.com reports. AppFolio had a net margin of 17.32% and a return on equity of 27.39%. The company had revenue of $206.00 million for the quarter, compared to analysts’ expectations of $199.11 million. During the same quarter last year, the company earned $0.26 EPS. The firm’s revenue was up 24.5% compared to the same quarter last year. AppFolio updated its FY 2024 guidance to EPS.
AppFolio Trading Up 10.6 %
AppFolio stock traded up $20.27 during trading hours on Friday, hitting $212.34. 894,052 shares of the stock traded hands, compared to its average volume of 281,676. AppFolio has a one year low of $164.29 and a one year high of $274.56. The company has a market cap of $7.69 billion, a PE ratio of 103.60 and a beta of 0.81. The firm’s 50-day moving average price is $223.73 and its two-hundred day moving average price is $231.12.
Insider Transactions at AppFolio
In related news, CEO William Shane Trigg sold 3,501 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $218.98, for a total value of $766,648.98. Following the sale, the chief executive officer now directly owns 81,699 shares of the company’s stock, valued at $17,890,447.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Matthew S. Mazza sold 2,371 shares of AppFolio stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $221.22, for a total value of $524,512.62. Following the completion of the transaction, the insider now owns 39,980 shares of the company’s stock, valued at $8,844,375.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $218.98, for a total transaction of $766,648.98. Following the sale, the chief executive officer now directly owns 81,699 shares in the company, valued at $17,890,447.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,852 shares of company stock valued at $4,100,322. Corporate insiders own 9.15% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Report on AppFolio
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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