AppFolio, Inc. (NASDAQ:APPF – Get Free Report) Director Timothy K. Bliss sold 6,400 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $243.41, for a total transaction of $1,557,824.00. Following the completion of the transaction, the director now directly owns 4,354 shares of the company’s stock, valued at $1,059,807.14. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
AppFolio Stock Performance
NASDAQ APPF traded down $1.19 on Wednesday, hitting $237.18. The stock had a trading volume of 127,742 shares, compared to its average volume of 301,288. AppFolio, Inc. has a 52-week low of $138.49 and a 52-week high of $256.73. The company has a market capitalization of $8.59 billion, a price-to-earnings ratio of 114.58 and a beta of 0.79. The firm has a 50-day moving average of $232.87 and a 200-day moving average of $212.42.
AppFolio (NASDAQ:APPF – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The software maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.59 by $0.09. The firm had revenue of $187.43 million for the quarter, compared to analysts’ expectations of $173.66 million. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. As a group, research analysts anticipate that AppFolio, Inc. will post 2.87 earnings per share for the current fiscal year.
Analyst Ratings Changes
Read Our Latest Report on AppFolio
Institutional Trading of AppFolio
Institutional investors and hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC raised its position in AppFolio by 497.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 43,552 shares of the software maker’s stock worth $7,545,000 after purchasing an additional 36,265 shares during the period. Long Walk Management LP raised its position in AppFolio by 62.7% in the 4th quarter. Long Walk Management LP now owns 122,000 shares of the software maker’s stock worth $21,135,000 after purchasing an additional 47,000 shares during the period. WCM Investment Management LLC purchased a new position in AppFolio in the 4th quarter worth $12,941,000. Syon Capital LLC purchased a new position in AppFolio in the 4th quarter worth $9,930,000. Finally, Los Angeles Capital Management LLC raised its position in AppFolio by 61.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 17,367 shares of the software maker’s stock worth $3,009,000 after purchasing an additional 6,600 shares during the period. Hedge funds and other institutional investors 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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