AppFolio Inc (APPF) Director William R. Rauth III Sells 20,000 Shares
AppFolio Inc (NASDAQ:APPF) Director William R. Rauth III sold 20,000 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $42.53, for a total value of $850,600.00. Following the transaction, the director now directly owns 20,000 shares in the company, valued at $850,600. The sale was disclosed in a filing with the SEC, which is available through this link.
AppFolio Inc (NASDAQ:APPF) opened at $42.70 on Thursday. The firm has a market capitalization of $1,425.73, a PE ratio of 266.89 and a beta of 0.60. AppFolio Inc has a 1-year low of $21.95 and a 1-year high of $52.25.
AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Monday, November 6th. The software maker reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The business had revenue of $37.90 million for the quarter, compared to analyst estimates of $36.16 million. AppFolio had a return on equity of 7.91% and a net margin of 4.37%. AppFolio’s quarterly revenue was up 34.6% compared to the same quarter last year. research analysts anticipate that AppFolio Inc will post 0.25 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in APPF. Russell Investments Group Ltd. acquired a new position in shares of AppFolio in the second quarter valued at about $178,000. Schwab Charles Investment Management Inc. acquired a new position in shares of AppFolio in the second quarter valued at about $476,000. Rhumbline Advisers acquired a new position in shares of AppFolio in the second quarter valued at about $300,000. Bank of New York Mellon Corp increased its holdings in shares of AppFolio by 15.5% in the second quarter. Bank of New York Mellon Corp now owns 32,461 shares of the software maker’s stock valued at $1,058,000 after purchasing an additional 4,367 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of AppFolio by 198.7% in the second quarter. Wells Fargo & Company MN now owns 18,724 shares of the software maker’s stock worth $610,000 after buying an additional 12,456 shares during the last quarter. 24.85% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently issued reports on the company. Zacks Investment Research lowered AppFolio from a “strong-buy” rating to a “hold” rating in a research report on Monday. BidaskClub lowered AppFolio from a “sell” rating to a “strong sell” rating in a research report on Wednesday, December 27th. Morgan Stanley upped their target price on AppFolio from $38.00 to $46.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 14th. Finally, KeyCorp reissued a “hold” rating on shares of AppFolio in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. AppFolio has a consensus rating of “Hold” and an average price target of $43.00.
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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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