AppFolio Inc. (NASDAQ:APPF) SVP Jason Robert Randall sold 7,500 shares of the stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $19.44, for a total value of $145,800.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of AppFolio Inc. (NASDAQ:APPF) opened at 19.04 on Wednesday. The company’s 50-day moving average price is $18.87 and its 200-day moving average price is $15.24. AppFolio Inc. has a 52-week low of $11.07 and a 52-week high of $19.98. The firm’s market capitalization is $640.62 million.
AppFolio (NASDAQ:APPF) last announced its earnings results on Monday, August 8th. The company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.06. AppFolio had a negative net margin of 16.11% and a negative return on equity of 20.16%. On average, equities research analysts expect that AppFolio Inc. will post ($0.30) EPS for the current fiscal year.
Several institutional investors have recently bought and sold shares of APPF. Summit Securities Group LLC acquired a new position in AppFolio during the second quarter worth approximately $155,000. State Street Corp increased its position in AppFolio by 4.7% in the second quarter. State Street Corp now owns 74,197 shares of the company’s stock worth $1,074,000 after buying an additional 3,346 shares in the last quarter. Teachers Advisors Inc. increased its position in AppFolio by 105.1% in the second quarter. Teachers Advisors Inc. now owns 12,077 shares of the company’s stock worth $175,000 after buying an additional 6,190 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in AppFolio by 16.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 86,517 shares of the company’s stock worth $1,251,000 after buying an additional 12,349 shares in the last quarter. Finally, BlackRock Fund Advisors increased its position in AppFolio by 35.6% in the second quarter. BlackRock Fund Advisors now owns 196,806 shares of the company’s stock worth $2,846,000 after buying an additional 51,631 shares in the last quarter. Institutional investors own 13.35% of the company’s stock.
Several analysts recently commented on APPF shares. Zacks Investment Research cut AppFolio from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Credit Suisse Group AG began coverage on AppFolio in a research report on Tuesday, August 9th. They set a “hold” rating and a $18.00 price target on the stock.
AppFolio Company Profile
AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.
Receive News & Ratings for AppFolio Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppFolio Inc. and related companies with MarketBeat.com's FREE daily email newsletter.