AppFolio (NASDAQ:APPF) Director William R. Rauth III sold 20,000 shares of the stock in a transaction that occurred on Tuesday, April 17th. The stock was sold at an average price of $44.42, for a total transaction of $888,400.00. Following the transaction, the director now directly owns 457 shares in the company, valued at approximately $20,299.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of APPF stock opened at $48.40 on Thursday. AppFolio has a 52 week low of $25.20 and a 52 week high of $52.25. The firm has a market capitalization of $1,589.27, a PE ratio of 172.78 and a beta of 0.63.
AppFolio (NASDAQ:APPF) last issued its earnings results on Monday, February 26th. The software maker reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.02). AppFolio had a net margin of 6.76% and a return on equity of 12.48%. The business had revenue of $37.90 million during the quarter, compared to analysts’ expectations of $35.48 million. AppFolio’s revenue was up 35.3% on a year-over-year basis. sell-side analysts forecast that AppFolio will post 0.37 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. Allianz Asset Management GmbH purchased a new position in shares of AppFolio in the 3rd quarter valued at $2,129,000. Wells Fargo & Company MN raised its stake in shares of AppFolio by 813.6% in the 3rd quarter. Wells Fargo & Company MN now owns 171,069 shares of the software maker’s stock valued at $8,201,000 after acquiring an additional 152,345 shares during the period. JPMorgan Chase & Co. purchased a new position in shares of AppFolio in the 3rd quarter valued at $1,886,000. Algert Global LLC raised its stake in shares of AppFolio by 23.5% in the 4th quarter. Algert Global LLC now owns 51,894 shares of the software maker’s stock valued at $2,154,000 after acquiring an additional 9,870 shares during the period. Finally, Spark Investment Management LLC raised its stake in shares of AppFolio by 20.8% in the 4th quarter. Spark Investment Management LLC now owns 133,800 shares of the software maker’s stock valued at $5,552,000 after acquiring an additional 23,000 shares during the period. 27.36% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of AppFolio from $46.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Zacks Investment Research downgraded shares of AppFolio from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 15th. BidaskClub raised shares of AppFolio from a “strong sell” rating to a “sell” rating in a research note on Tuesday, February 13th. Finally, TheStreet raised shares of AppFolio from a “d+” rating to a “c-” rating in a research note on Monday, February 26th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $43.67.
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AppFolio Company Profile
AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.
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