AppFolio, Inc. (NASDAQ:APPF – Get Free Report) Director Scanlan Agnes Bundy sold 500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $255.42, for a total value of $127,710.00. Following the sale, the director now owns 5,416 shares in the company, valued at $1,383,354.72. The trade was a 8.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
AppFolio Trading Up 0.4 %
NASDAQ APPF opened at $269.26 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 of $227.44 and a 200-day moving average of $231.76. The company has a market cap of $9.78 billion, a PE ratio of 75.00 and a beta of 0.86.
AppFolio (NASDAQ:APPF – Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.26. The firm had revenue of $206.00 million during the quarter, compared to analysts’ expectations of $199.11 million. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The company’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 earnings per share. As a group, sell-side analysts predict that AppFolio, Inc. will post 3.23 EPS for the current fiscal year.
Wall Street Analyst Weigh In
View Our Latest Analysis on APPF
Hedge Funds Weigh In On AppFolio
Institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC lifted its holdings in AppFolio by 188.2% during the 2nd quarter. Squarepoint Ops LLC now owns 185,034 shares of the software maker’s stock valued at $45,254,000 after purchasing an additional 120,835 shares during the last quarter. Westwind Capital boosted its holdings in shares of AppFolio by 301.0% during the 2nd quarter. Westwind Capital now owns 149,240 shares of the software maker’s stock worth $3,650,000 after buying an additional 112,024 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of AppFolio by 516.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 109,850 shares of the software maker’s stock worth $26,866,000 after buying an additional 92,034 shares during the period. FMR LLC grew its stake in AppFolio by 998.0% in the 3rd quarter. FMR LLC now owns 60,894 shares of the software maker’s stock valued at $14,334,000 after buying an additional 55,348 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in AppFolio by 31.2% in the 3rd quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker’s stock valued at $51,800,000 after acquiring an additional 54,386 shares during the period. Institutional investors and hedge funds 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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