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.
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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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.
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