AppFolio, Inc. (NASDAQ:APPF – Get Free Report) insider Matthew S. Mazza sold 2,371 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $221.22, for a total transaction of $524,512.62. Following the sale, the insider now directly owns 39,980 shares of the company’s stock, valued at $8,844,375.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
AppFolio Price Performance
APPF opened at $227.84 on Thursday. The company has a market capitalization of $8.25 billion, a PE ratio of 110.07 and a beta of 0.81. The business has a 50-day moving average of $237.16 and a 200-day moving average of $234.16. AppFolio, Inc. has a fifty-two week low of $164.29 and a fifty-two week high of $274.56.
AppFolio (NASDAQ:APPF – Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The software maker reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.16. The firm had revenue of $197.38 million for the quarter, compared to analyst estimates of $190.57 million. AppFolio had a net margin of 17.32% and a return on equity of 27.39%. The company’s revenue for the quarter was up 34.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.53) earnings per share. On average, equities research analysts expect that AppFolio, Inc. will post 2.99 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
View Our Latest Research Report on APPF
Institutional Investors Weigh In On AppFolio
Institutional investors and hedge funds have recently modified their holdings of the business. American International Group Inc. increased its position in AppFolio by 280.7% during the first quarter. American International Group Inc. now owns 36,367 shares of the software maker’s stock worth $8,973,000 after buying an additional 26,815 shares during the last quarter. Texas Permanent School Fund Corp acquired a new position in shares of AppFolio during the 1st quarter valued at about $4,415,000. Oberndorf William E bought a new position in shares of AppFolio in the 4th quarter valued at approximately $3,020,000. Nebula Research & Development LLC raised its stake in shares of AppFolio by 554.5% in the 4th quarter. Nebula Research & Development LLC now owns 9,039 shares of the software maker’s stock valued at $1,566,000 after acquiring an additional 7,658 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its holdings in AppFolio by 223.5% in the 1st quarter. Ameritas Investment Partners Inc. now owns 6,434 shares of the software maker’s stock worth $1,588,000 after purchasing an additional 4,445 shares during the last quarter. Institutional investors and hedge funds own 62.34% of the company’s stock.
AppFolio Company Profile
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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