AppFolio, Inc. (NASDAQ:APPF) major shareholder Global Fund Ii L.P. Dragoneer sold 503,300 shares of AppFolio stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $35.79, for a total value of $18,013,107.00. Following the transaction, the insider now owns 52,263 shares in the company, valued at $1,870,492.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Global Fund Ii L.P. Dragoneer also recently made the following trade(s):

  • On Thursday, August 3rd, Global Fund Ii L.P. Dragoneer sold 97,800 shares of AppFolio stock. The shares were sold at an average price of $34.39, for a total value of $3,363,342.00.
  • On Thursday, July 27th, Global Fund Ii L.P. Dragoneer sold 75,000 shares of AppFolio stock. The shares were sold at an average price of $35.01, for a total value of $2,625,750.00.
  • On Tuesday, July 25th, Global Fund Ii L.P. Dragoneer sold 75,000 shares of AppFolio stock. The shares were sold at an average price of $35.16, for a total value of $2,637,000.00.
  • On Thursday, July 13th, Global Fund Ii L.P. Dragoneer sold 20,911 shares of AppFolio stock. The shares were sold at an average price of $32.50, for a total value of $679,607.50.
  • On Thursday, July 6th, Global Fund Ii L.P. Dragoneer sold 100,000 shares of AppFolio stock. The shares were sold at an average price of $31.50, for a total value of $3,150,000.00.
  • On Thursday, June 15th, Global Fund Ii L.P. Dragoneer sold 50,000 shares of AppFolio stock. The shares were sold at an average price of $31.00, for a total value of $1,550,000.00.

AppFolio, Inc. (APPF) traded up 7.23% during midday trading on Tuesday, reaching $37.80. The company’s stock had a trading volume of 602,402 shares. The stock’s market cap is $1.28 billion. AppFolio, Inc. has a one year low of $14.86 and a one year high of $38.85. The stock’s 50 day moving average price is $33.69 and its 200-day moving average price is $27.90.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Friday, May 5th. The software maker reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.09. AppFolio had a negative net margin of 3.51% and a negative return on equity of 5.77%. The company had revenue of $32.13 million for the quarter, compared to analyst estimates of $30.20 million. On average, analysts forecast that AppFolio, Inc. will post $0.14 EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of APPF. Sei Investments Co. raised its stake in AppFolio by 50,928.6% in the second quarter. Sei Investments Co. now owns 3,572 shares of the software maker’s stock valued at $117,000 after buying an additional 3,565 shares during the last quarter. American International Group Inc. raised its stake in AppFolio by 7.2% in the first quarter. American International Group Inc. now owns 4,683 shares of the software maker’s stock valued at $127,000 after buying an additional 314 shares during the last quarter. UBS Group AG raised its stake in AppFolio by 232.9% in the first quarter. UBS Group AG now owns 5,187 shares of the software maker’s stock valued at $142,000 after buying an additional 3,629 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in AppFolio during the second quarter valued at approximately $178,000. Finally, First Quadrant L P CA acquired a new stake in AppFolio during the second quarter valued at approximately $225,000. 16.85% of the stock is currently owned by institutional investors.

Several equities analysts recently weighed in on APPF shares. Zacks Investment Research upgraded AppFolio from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Thursday, May 11th. Pacific Crest reiterated a “hold” rating on shares of AppFolio in a research report on Monday, May 8th. BidaskClub upgraded AppFolio from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, June 21st. Morgan Stanley lifted their target price on AppFolio to $33.00 and gave the company an “equal weight” rating in a research report on Thursday, July 20th. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $35.00 target price (up from $27.00) on shares of AppFolio in a research report on Tuesday. Four research 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 a consensus rating of “Hold” and an average target price of $36.33.

About AppFolio

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.

Insider Buying and Selling by Quarter for AppFolio (NASDAQ:APPF)

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