AppFolio, Inc. (NASDAQ:APPF – Get Free Report) Director Blottnitz Andreas Von sold 5,111 shares of the stock in a transaction dated Wednesday, June 26th. The shares were sold at an average price of $240.24, for a total transaction of $1,227,866.64. Following the completion of the transaction, the director now owns 8,838 shares of the company’s stock, valued at approximately $2,123,241.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
AppFolio Trading Down 1.7 %
Shares of APPF traded down $4.32 during midday trading on Friday, hitting $244.57. The stock had a trading volume of 2,429,322 shares, compared to its average volume of 304,298. AppFolio, Inc. has a fifty-two week low of $164.29 and a fifty-two week high of $256.73. The business has a 50-day simple moving average of $234.53 and a two-hundred day simple moving average of $219.07. The firm has a market cap of $8.86 billion, a P/E ratio of 120.24 and a beta of 0.80.
AppFolio (NASDAQ:APPF – Get Free Report) last announced its earnings results on Thursday, April 25th. The software maker reported $0.68 EPS for the quarter, topping the consensus estimate of $0.59 by $0.09. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. The company had revenue of $187.43 million during the quarter, compared to analysts’ expectations of $173.66 million. On average, analysts expect that AppFolio, Inc. will post 2.85 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Get Our Latest Research Report on APPF
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in APPF. Zeno Equity Partners LLP purchased a new stake in shares of AppFolio in the fourth quarter worth approximately $30,000. Advisors Asset Management Inc. lifted its position in shares of AppFolio by 291.3% in the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock worth $44,000 after purchasing an additional 134 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of AppFolio in the fourth quarter worth approximately $59,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of AppFolio in the fourth quarter worth approximately $64,000. Finally, Meeder Asset Management Inc. bought a new position in AppFolio during the fourth quarter valued at approximately $85,000. 62.34% of the stock is currently owned by institutional investors and hedge funds.
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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