AppFolio Inc. (NASDAQ:APPF) SVP Jason Robert Randall sold 7,500 shares of the business’s stock in a transaction dated Friday, September 30th. The stock was sold at an average price of $19.44, for a total value of $145,800.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
AppFolio Inc. (NASDAQ:APPF) opened at 18.93 on Thursday. AppFolio Inc. has a 1-year low of $11.07 and a 1-year high of $19.98. The stock has a 50 day moving average price of $18.89 and a 200 day moving average price of $15.27. The firm’s market cap is $636.92 million.
AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.06. AppFolio had a negative return on equity of 20.16% and a negative net margin of 16.11%. On average, analysts anticipate that AppFolio Inc. will post ($0.30) EPS for the current year.
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of AppFolio by 66.3% in the second quarter. Vanguard Group Inc. now owns 244,405 shares of the company’s stock valued at $3,534,000 after buying an additional 97,398 shares during the period. BlackRock Fund Advisors increased its position in shares of 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 in the last quarter. State Street Corp increased its position in shares of AppFolio by 33.2% in the first quarter. State Street Corp now owns 70,851 shares of the company’s stock valued at $867,000 after buying an additional 17,652 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its position in shares of 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 in the last quarter. Finally, Summit Securities Group LLC bought a new position in shares of AppFolio during the second quarter valued at approximately $155,000. 13.35% of the stock is owned by institutional investors.
Several research analysts have commented on the company. Zacks Investment Research downgraded AppFolio from a “buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Credit Suisse Group AG assumed coverage on AppFolio in a research note on Tuesday, August 9th. They set a “hold” rating and a $18.00 target price for the company.
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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