AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 4,203 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $230.34, for a total value of $968,119.02. Following the sale, the insider now owns 45,447 shares in the company, valued at approximately $10,468,261.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
AppFolio Trading Up 0.5 %
NASDAQ:APPF opened at $239.70 on Thursday. The stock has a 50 day moving average of $233.81 and a two-hundred day moving average of $218.87. AppFolio, Inc. has a 12 month low of $162.86 and a 12 month high of $256.73. The firm has a market cap of $8.68 billion, a P/E ratio of 115.80 and a beta of 0.80.
AppFolio (NASDAQ:APPF – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The software maker reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. AppFolio had a return on equity of 13.51% and a net margin of 11.38%. The firm had revenue of $187.43 million for the quarter, compared to analyst estimates of $173.66 million. On average, research analysts forecast that AppFolio, Inc. will post 2.85 earnings per share for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on AppFolio
Institutional Investors Weigh In On AppFolio
Hedge funds have recently modified their holdings of the business. UBS Group AG grew its stake in AppFolio by 2.7% during the 3rd quarter. UBS Group AG now owns 12,232 shares of the software maker’s stock valued at $2,234,000 after acquiring an additional 318 shares in the last quarter. Deutsche Bank AG grew its position in shares of AppFolio by 13.9% in the third quarter. Deutsche Bank AG now owns 10,209 shares of the software maker’s stock valued at $1,864,000 after purchasing an additional 1,245 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of AppFolio by 1.2% in the third quarter. Rhumbline Advisers now owns 27,494 shares of the software maker’s stock valued at $5,021,000 after purchasing an additional 319 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of AppFolio by 66.3% in the third quarter. Envestnet Asset Management Inc. now owns 28,890 shares of the software maker’s stock valued at $5,276,000 after purchasing an additional 11,523 shares during the last quarter. Finally, Invesco Ltd. lifted its position in AppFolio by 13.5% during the third quarter. Invesco Ltd. now owns 68,638 shares of the software maker’s stock worth $12,535,000 after buying an additional 8,151 shares in the last quarter. 62.34% of the stock is currently owned by institutional investors and hedge funds.
About AppFolio
AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.
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