Insider Selling: AppFolio Inc (APPF) CEO Sells 25,000 Shares of Stock

AppFolio Inc (NASDAQ:APPF) CEO Jason Robert Randall sold 25,000 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $43.00, for a total transaction of $1,075,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of AppFolio Inc (NASDAQ APPF) traded down $0.25 on Monday, hitting $43.40. 58,585 shares of the stock were exchanged, compared to its average volume of 107,220. The stock has a market cap of $1,481.74, a P/E ratio of 271.27 and a beta of 0.60. AppFolio Inc has a 1-year low of $22.35 and a 1-year high of $52.25.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Monday, November 6th. The software maker reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.03. The business had revenue of $37.90 million during the quarter, compared to the consensus estimate of $36.16 million. AppFolio had a net margin of 4.37% and a return on equity of 7.91%. The business’s quarterly revenue was up 34.6% compared to the same quarter last year. sell-side analysts forecast that AppFolio Inc will post 0.25 earnings per share for the current fiscal year.

Several research firms have recently commented on APPF. Zacks Investment Research cut shares of AppFolio from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 15th. BidaskClub cut shares of AppFolio from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 27th. Morgan Stanley raised their target price on shares of AppFolio from $38.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 14th. Finally, KeyCorp restated a “hold” rating on shares of AppFolio in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. AppFolio currently has a consensus rating of “Hold” and a consensus target price of $43.00.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of AppFolio by 18.0% in the 2nd quarter. Vanguard Group Inc. now owns 455,942 shares of the software maker’s stock valued at $14,864,000 after purchasing an additional 69,664 shares in the last quarter. Glynn Capital Management LLC increased its holdings in shares of AppFolio by 39.5% in the 3rd quarter. Glynn Capital Management LLC now owns 348,804 shares of the software maker’s stock valued at $16,725,000 after purchasing an additional 98,804 shares in the last quarter. Hood River Capital Management LLC purchased a new position in shares of AppFolio in the 3rd quarter valued at about $11,494,000. Wells Fargo & Company MN increased its holdings 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 purchasing an additional 152,345 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of AppFolio by 23.5% in the 2nd quarter. State Street Corp now owns 125,619 shares of the software maker’s stock valued at $4,095,000 after purchasing an additional 23,912 shares in the last quarter. Institutional investors and hedge funds own 24.74% of the company’s stock.

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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.

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

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