AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 200 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 27,568 shares in the company, valued at approximately $6,410,111.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
AppFolio Trading Down 2.6 %
NASDAQ:APPF opened at $215.69 on Friday. AppFolio, Inc. has a 12-month low of $164.29 and a 12-month high of $274.56. The stock has a 50-day moving average price of $241.56 and a 200 day moving average price of $232.10. The stock has a market capitalization of $7.81 billion, a P/E ratio of 104.20 and a beta of 0.80.
AppFolio (NASDAQ:APPF – Get Free Report) last released its earnings results on Thursday, July 25th. The software maker reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.96 by $0.16. AppFolio had a return on equity of 27.39% and a net margin of 17.32%. The firm had revenue of $197.38 million during the quarter, compared to analysts’ expectations of $190.57 million. During the same quarter last year, the business posted ($0.53) earnings per share. The firm’s revenue was up 34.2% on a year-over-year basis. On average, research analysts predict that AppFolio, Inc. will post 2.94 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on APPF
Institutional Trading of AppFolio
Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in shares of AppFolio by 589.5% during the second quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock worth $32,000 after purchasing an additional 112 shares in the last quarter. CWM LLC grew its holdings in AppFolio by 238.6% during the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock valued at $36,000 after buying an additional 105 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in AppFolio by 291.3% during the 1st quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock valued at $44,000 after buying an additional 134 shares in the last quarter. USA Financial Formulas purchased a new position in AppFolio during the 4th quarter valued at approximately $59,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in AppFolio during the 4th quarter valued at approximately $64,000. Hedge funds and other institutional investors own 62.34% of the company’s stock.
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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