AppFolio Inc. (APPF) SVP Jason Robert Randall Sells 7,500 Shares
AppFolio Inc. (NASDAQ:APPF) SVP Jason Robert Randall sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, September 30th. The stock was sold at an average price of $19.44, for a total transaction of $145,800.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of AppFolio Inc. (NASDAQ:APPF) opened at 18.73 on Tuesday. AppFolio Inc. has a 1-year low of $11.07 and a 1-year high of $19.98. The stock’s market capitalization is $630.19 million. The firm has a 50-day moving average of $18.84 and a 200 day moving average of $15.19.
AppFolio (NASDAQ:APPF) last posted its earnings results on Monday, August 8th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.09) by $0.06. AppFolio had a negative net margin of 16.11% and a negative return on equity of 20.16%. On average, equities analysts anticipate that AppFolio Inc. will post ($0.30) earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of APPF. Summit Securities Group LLC purchased a new position in AppFolio during the second quarter valued at approximately $155,000. State Street Corp boosted its position in AppFolio by 4.7% in the second quarter. State Street Corp now owns 74,197 shares of the company’s stock valued at $1,074,000 after buying an additional 3,346 shares during the period. Teachers Advisors Inc. boosted its position in AppFolio by 105.1% in the second quarter. Teachers Advisors Inc. now owns 12,077 shares of the company’s stock valued at $175,000 after buying an additional 6,190 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in AppFolio by 16.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 86,517 shares of the company’s stock valued at $1,251,000 after buying an additional 12,349 shares during the period. Finally, BlackRock Fund Advisors boosted its position in AppFolio by 35.6% in the second quarter. BlackRock Fund Advisors now owns 196,806 shares of the company’s stock valued at $2,846,000 after buying an additional 51,631 shares during the period. Hedge funds and other institutional investors own 13.35% of the company’s stock.
A number of research analysts have recently weighed in on APPF shares. Zacks Investment Research cut shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Credit Suisse Group AG started coverage on shares of AppFolio in a research note on Tuesday, August 9th. They set a “hold” rating and a $18.00 price objective for the company.
AppFolio Company Profile
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.
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