Keenan Capital, Llc Sells 9,118 Shares of AppFolio Inc. (APPF) Stock
AppFolio Inc. (NASDAQ:APPF) major shareholder Keenan Capital, Llc sold 9,118 shares of AppFolio stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $19.22, for a total value of $175,247.96. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Keenan Capital, Llc also recently made the following trade(s):
- On Thursday, September 15th, Keenan Capital, Llc sold 5,700 shares of AppFolio stock. The shares were sold at an average price of $19.67, for a total value of $112,119.00.
AppFolio Inc. (NASDAQ:APPF) opened at 19.64 on Friday. The stock’s market cap is $660.81 million. AppFolio Inc. has a 1-year low of $11.07 and a 1-year high of $19.98. The firm’s 50-day moving average price is $18.49 and its 200 day moving average price is $14.77.
AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Monday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.06. AppFolio had a negative return on equity of 20.16% and a negative net margin of 16.11%. Equities research analysts expect that AppFolio Inc. will post ($0.30) EPS for the current year.
Several equities analysts have weighed in on APPF shares. Zacks Investment Research cut AppFolio from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Credit Suisse Group AG started coverage on AppFolio in a research note on Tuesday, August 9th. They set a “hold” rating and a $18.00 target price on the stock.
A number of institutional investors have recently bought and sold shares of APPF. Vanguard Group Inc. boosted its position in 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 in the last quarter. BlackRock Fund Advisors boosted its position in 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 in the last quarter. State Street Corp boosted its position in 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 in the last quarter. BlackRock Institutional Trust Company N.A. boosted 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 valued at $1,251,000 after buying an additional 12,349 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new position in AppFolio during the second quarter valued at about $155,000. Institutional investors and hedge funds own 13.35% of the company’s 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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