AppFolio (NASDAQ:APPF) Director William R. Rauth III sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 17th. The shares were sold at an average price of $44.42, for a total transaction of $888,400.00. Following the completion of the transaction, the director now owns 457 shares in the company, valued at approximately $20,299.94. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
Shares of APPF opened at $48.50 on Friday. AppFolio has a 12 month low of $25.35 and a 12 month high of $52.25. The firm has a market cap of $1,713.62, a PE ratio of 186.30 and a beta of 0.63.
AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Monday, February 26th. The software maker reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.02). AppFolio had a return on equity of 12.48% and a net margin of 6.76%. The business had revenue of $37.90 million for the quarter, compared to analyst estimates of $35.48 million. The business’s revenue for the quarter was up 35.3% on a year-over-year basis. research analysts forecast that AppFolio will post 0.37 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of AppFolio by 23.0% during the 4th quarter. BlackRock Inc. now owns 655,395 shares of the software maker’s stock worth $27,197,000 after purchasing an additional 122,715 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of AppFolio by 32.8% during the 4th quarter. Renaissance Technologies LLC now owns 472,000 shares of the software maker’s stock worth $19,588,000 after purchasing an additional 116,600 shares during the last quarter. Millennium Management LLC increased its stake in shares of AppFolio by 2,664.0% during the 4th quarter. Millennium Management LLC now owns 378,975 shares of the software maker’s stock worth $15,727,000 after purchasing an additional 365,264 shares during the last quarter. Keenan Capital LLC acquired a new position in shares of AppFolio during the 4th quarter worth $10,375,000. Finally, Two Sigma Advisers LP increased its stake in shares of AppFolio by 1.6% during the 4th quarter. Two Sigma Advisers LP now owns 190,786 shares of the software maker’s stock worth $7,918,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 27.36% of the company’s stock.
Several research analysts have weighed in on the stock. BidaskClub upgraded shares of AppFolio from a “hold” rating to a “buy” rating in a research note on Thursday, April 12th. Zacks Investment Research lowered shares of AppFolio from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 15th. Morgan Stanley upped their price objective on shares of AppFolio from $46.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Finally, TheStreet upgraded shares of AppFolio from a “d+” rating to a “c-” rating in a research note on Monday, February 26th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $43.67.
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AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.
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