Janet Kerr Sells 1,576 Shares of AppFolio Inc (APPF) Stock

AppFolio Inc (NASDAQ:APPF) Director Janet Kerr sold 1,576 shares of the business’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $43.08, for a total value of $67,894.08. Following the completion of the transaction, the director now owns 17,189 shares in the company, valued at approximately $740,502.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

AppFolio Inc (NASDAQ APPF) opened at $41.85 on Monday. The company has a market capitalization of $1,420.64, a price-to-earnings ratio of 261.56 and a beta of 0.61. AppFolio Inc has a 12-month low of $20.46 and a 12-month high of $52.25.

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

Several analysts have recently issued reports on the company. Zacks Investment Research downgraded AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. BidaskClub raised AppFolio from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. Morgan Stanley upped their price target on AppFolio from $33.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, August 8th. Credit Suisse Group reissued a “neutral” rating and issued a $35.00 target price (up from $27.00) on shares of AppFolio in a report on Tuesday, August 8th. Finally, KeyCorp reissued a “buy” rating on shares of AppFolio in a report on Friday, August 11th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $43.00.

A number of institutional investors have recently modified their holdings of the stock. American International Group Inc. raised its stake in AppFolio by 7.2% during the 1st quarter. American International Group Inc. now owns 4,683 shares of the software maker’s stock worth $127,000 after buying an additional 314 shares during the period. The Manufacturers Life Insurance Company raised its stake in AppFolio by 11.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,782 shares of the software maker’s stock worth $254,000 after buying an additional 774 shares during the period. Sei Investments Co. raised its stake in AppFolio by 60.0% during the 3rd quarter. Sei Investments Co. now owns 5,715 shares of the software maker’s stock worth $274,000 after buying an additional 2,143 shares during the period. Bank of New York Mellon Corp raised its stake in AppFolio by 9.5% during the 1st quarter. Bank of New York Mellon Corp now owns 28,094 shares of the software maker’s stock worth $764,000 after buying an additional 2,445 shares during the period. Finally, First Quadrant L P CA raised its stake in AppFolio by 47.2% during the 3rd quarter. First Quadrant L P CA now owns 10,177 shares of the software maker’s stock worth $488,000 after buying an additional 3,263 shares during the period. 24.85% of the stock is currently owned by institutional investors and hedge funds.

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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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