AppFolio Inc. (NASDAQ:APPF) was up 4.8% during trading on Wednesday . The stock traded as high as $16.19 and last traded at $16.12, with a volume of 58,576 shares trading hands. The stock had previously closed at $15.38.

Several equities research analysts recently commented on APPF shares. Credit Suisse Group AG reiterated a “hold” rating on shares of AppFolio in a report on Tuesday, May 10th. Zacks Investment Research downgraded AppFolio from a “buy” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $15.00 target price (down from $18.00) on shares of AppFolio in a report on Tuesday, May 10th.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Monday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.10) by $0.01.

In related news, major shareholder Global Fund Ii L.P. Dragoneer purchased 345,477 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The stock was acquired at an average cost of $12.70 per share, for a total transaction of $4,387,557.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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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