AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 3,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $243.15, for a total value of $729,450.00. Following the transaction, the insider now directly owns 17,491 shares in the company, valued at approximately $4,252,936.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
AppFolio Trading Up 1.6 %
AppFolio stock traded up $3.80 during midday trading on Tuesday, reaching $247.16. 329,615 shares of the stock traded hands, compared to its average volume of 303,626. The firm has a fifty day moving average price of $236.38 and a two-hundred day moving average price of $220.96. AppFolio, Inc. has a fifty-two week low of $164.29 and a fifty-two week high of $256.73. The firm has a market cap of $8.95 billion, a price-to-earnings ratio of 119.40 and a beta of 0.80.
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 (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.09. AppFolio had a return on equity of 13.51% and a net margin of 11.38%. The business had revenue of $187.43 million during the quarter, compared to the consensus estimate of $173.66 million. Analysts anticipate that AppFolio, Inc. will post 2.85 earnings per share for the current year.
Analyst Ratings Changes
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Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Zeno Equity Partners LLP bought a new stake in shares of AppFolio during the fourth quarter valued at about $30,000. GAMMA Investing LLC grew its position in AppFolio by 589.5% in the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock valued at $32,000 after buying an additional 112 shares in the last quarter. Advisors Asset Management Inc. increased its stake 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 during the period. USA Financial Formulas bought a new stake in shares of AppFolio during the 4th quarter worth about $59,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of AppFolio in the 4th quarter worth approximately $64,000. Institutional investors own 62.34% of the company’s stock.
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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