AppFolio Inc. (NASDAQ:APPF) major shareholder Keenan Capital, Llc sold 9,118 shares of the business’s stock in a transaction dated Monday, September 19th. The shares were sold at an average price of $19.22, for a total transaction of $175,247.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Keenan Capital, Llc also recently made the following trade(s):

  • On Thursday, September 15th, Keenan Capital, Llc sold 5,700 shares of AppFolio stock. The shares were sold at an average price of $19.67, for a total transaction of $112,119.00.

AppFolio Inc. (NASDAQ:APPF) opened at 19.47 on Wednesday. The company’s market capitalization is $655.09 million. The firm has a 50 day moving average of $18.30 and a 200-day moving average of $14.69. AppFolio Inc. has a 52 week low of $11.07 and a 52 week high of $19.98.

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AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Monday, August 8th. The company reported ($0.03) earnings per share for the quarter, beating the Thomson Reuters’ 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, analysts forecast that AppFolio Inc. will post ($0.30) earnings per share for the current year.

A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of AppFolio from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Friday, August 12th. Credit Suisse Group AG assumed coverage on shares of AppFolio in a research report on Tuesday, August 9th. They issued a “hold” rating and a $18.00 price target on the stock.

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its position in shares of AppFolio by 7.1% in the first quarter. Geode Capital Management LLC now owns 41,614 shares of the company’s stock valued at $509,000 after buying an additional 2,758 shares during the last quarter. State Street Corp raised its position in shares of 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 last quarter. California State Teachers Retirement System raised its position in shares of AppFolio by 32.5% in the second quarter. California State Teachers Retirement System now owns 15,938 shares of the company’s stock valued at $230,000 after buying an additional 3,912 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of AppFolio by 23.0% in the second quarter. Bank of New York Mellon Corp now owns 24,981 shares of the company’s stock valued at $361,000 after buying an additional 4,664 shares during the last quarter. Finally, Teachers Advisors Inc. raised its position in shares of 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 last quarter. 13.35% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NASDAQ:APPF

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