AppFolio Inc. (APPF) SVP Jason Robert Randall Sells 7,500 Shares
AppFolio Inc. (NASDAQ:APPF) SVP Jason Robert Randall sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, September 30th. The shares were sold at an average price of $19.44, for a total transaction of $145,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
AppFolio Inc. (NASDAQ:APPF) opened at 18.73 on Tuesday. AppFolio Inc. has a 1-year low of $11.07 and a 1-year high of $19.98. The firm has a 50-day moving average of $18.84 and a 200 day moving average of $15.19. The firm’s market cap is $630.19 million.
AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Monday, August 8th. The company reported ($0.03) EPS for the quarter, topping the 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%. Analysts expect that AppFolio Inc. will post ($0.30) earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake 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 in the last quarter. BlackRock Fund Advisors boosted its stake 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 in the last quarter. State Street Corp boosted its stake 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 in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake 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 in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in shares of AppFolio during the second quarter valued at approximately $155,000. Institutional investors own 13.35% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Credit Suisse Group AG assumed coverage on shares of AppFolio in a research note on Tuesday, August 9th. They issued a “hold” rating and a $18.00 price objective 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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