AppFolio Inc. (APPF) Major Shareholder Keenan Capital, Llc Sells 5,700 Shares of Stock
AppFolio Inc. (NASDAQ:APPF) major shareholder Keenan Capital, Llc sold 5,700 shares of the business’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $19.67, for a total value of $112,119.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Keenan Capital, Llc also recently made the following trade(s):
- On Monday, September 19th, Keenan Capital, Llc sold 9,118 shares of AppFolio stock. The stock was sold at an average price of $19.22, for a total value of $175,247.96.
AppFolio Inc. (NASDAQ:APPF) opened at 19.47 on Wednesday. The firm’s market cap is $655.09 million. The stock has a 50 day moving average price of $18.30 and a 200 day moving average price of $14.69. AppFolio Inc. has a 52-week low of $11.07 and a 52-week high of $19.98.
AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ 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%. Equities analysts predict that AppFolio Inc. will post ($0.30) earnings per share for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of AppFolio by 66.3% in the second quarter. Vanguard Group Inc. now owns 244,405 shares of the company’s stock valued at $3,534,000 after buying an additional 97,398 shares during the last quarter. BlackRock Fund Advisors boosted its position in shares of AppFolio by 35.6% in the second quarter. BlackRock Fund Advisors now owns 196,806 shares of the company’s stock valued at $2,846,000 after buying an additional 51,631 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of AppFolio during the first quarter valued at $267,000. State Street Corp boosted its position in shares of AppFolio by 33.2% in the first quarter. State Street Corp now owns 70,851 shares of the company’s stock valued at $867,000 after buying an additional 17,652 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. boosted its position in shares of AppFolio by 16.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 86,517 shares of the company’s stock valued at $1,251,000 after buying an additional 12,349 shares during the last quarter. 13.35% of the stock is currently owned by institutional investors and hedge funds.
APPF has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded AppFolio from a “buy” rating to a “hold” rating in a research report on Tuesday, July 12th. Credit Suisse Group AG initiated 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, 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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