AppFolio, Inc. (NASDAQ:APPF) major shareholder Global Fund Ii L.P. Dragoneer sold 97,800 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $34.39, for a total value of $3,363,342.00. Following the transaction, the insider now directly owns 68,568 shares of the company’s stock, valued at $2,358,053.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Global Fund Ii L.P. Dragoneer also recently made the following trade(s):

  • On Thursday, July 27th, Global Fund Ii L.P. Dragoneer sold 75,000 shares of AppFolio stock. The stock was sold at an average price of $35.01, for a total value of $2,625,750.00.
  • On Tuesday, July 25th, Global Fund Ii L.P. Dragoneer sold 75,000 shares of AppFolio stock. The stock was sold at an average price of $35.16, for a total value of $2,637,000.00.
  • On Thursday, July 13th, Global Fund Ii L.P. Dragoneer sold 20,911 shares of AppFolio stock. The shares were sold at an average price of $32.50, for a total value of $679,607.50.
  • On Thursday, July 6th, Global Fund Ii L.P. Dragoneer sold 100,000 shares of AppFolio stock. The shares were sold at an average price of $31.50, for a total value of $3,150,000.00.
  • On Thursday, June 15th, Global Fund Ii L.P. Dragoneer sold 50,000 shares of AppFolio stock. The shares were sold at an average price of $31.00, for a total value of $1,550,000.00.

Shares of AppFolio, Inc. (APPF) traded up 2.03% during mid-day trading on Friday, hitting $35.15. The company had a trading volume of 96,766 shares. The stock’s 50-day moving average is $33.42 and its 200-day moving average is $27.75. AppFolio, Inc. has a 52-week low of $14.86 and a 52-week high of $36.53. The stock’s market cap is $1.19 billion.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Friday, May 5th. The software maker reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.09. The firm had revenue of $32.13 million during the quarter, compared to analyst estimates of $30.20 million. AppFolio had a negative return on equity of 5.77% and a negative net margin of 3.51%. Equities analysts forecast that AppFolio, Inc. will post $0.14 earnings per share for the current year.

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A number of analysts recently issued reports on APPF shares. Zacks Investment Research raised AppFolio from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research report on Thursday, May 11th. Morgan Stanley upped their target price on AppFolio to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, July 20th. Pacific Crest reissued a “hold” rating on shares of AppFolio in a research report on Monday, May 8th. Finally, BidaskClub raised AppFolio from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. AppFolio currently has an average rating of “Buy” and an average price target of $31.33.

A number of hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of AppFolio by 14.4% in the fourth quarter. State Street Corp now owns 96,083 shares of the software maker’s stock valued at $2,293,000 after buying an additional 12,096 shares in the last quarter. Strs Ohio purchased a new stake in shares of AppFolio during the first quarter valued at $359,000. Bank of New York Mellon Corp raised its stake in shares of AppFolio by 9.5% in the first quarter. Bank of New York Mellon Corp now owns 28,094 shares of the software maker’s stock valued at $764,000 after buying an additional 2,445 shares in the last quarter. Blair William & Co. IL raised its stake in shares of AppFolio by 3.6% in the first quarter. Blair William & Co. IL now owns 109,040 shares of the software maker’s stock valued at $2,710,000 after buying an additional 3,775 shares in the last quarter. Finally, American International Group Inc. raised its stake in shares of AppFolio by 7.2% in the first quarter. American International Group Inc. now owns 4,683 shares of the software maker’s stock valued at $127,000 after buying an additional 314 shares in the last quarter. 16.73% of the stock is owned by hedge funds and other institutional investors.

About AppFolio

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.

Insider Buying and Selling by Quarter for AppFolio (NASDAQ:APPF)

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