AppFolio (NASDAQ:APPF) released its quarterly earnings results on Monday. The software maker reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.02), Briefing.com reports. The company had revenue of $37.90 million during the quarter, compared to analysts’ expectations of $35.48 million. AppFolio had a net margin of 4.37% and a return on equity of 7.91%. AppFolio’s revenue for the quarter was up 35.3% on a year-over-year basis.
Shares of AppFolio (NASDAQ APPF) opened at $45.25 on Tuesday. The stock has a market cap of $1,507.20, a P/E ratio of 282.83 and a beta of 0.52. AppFolio has a 52 week low of $22.84 and a 52 week high of $52.25.
In related news, Director William R. Rauth III sold 20,000 shares of AppFolio stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $42.53, for a total value of $850,600.00. Following the completion of the transaction, the director now owns 20,000 shares in the company, valued at $850,600. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Jason Robert Randall sold 25,000 shares of AppFolio stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $43.00, for a total transaction of $1,075,000.00. The disclosure for this sale can be found here. 44.77% of the stock is currently owned by insiders.
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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.
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