AppFolio, Inc. (APPF) Scheduled to Post Earnings on Monday
AppFolio, Inc. (NASDAQ:APPF) will be posting its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect AppFolio to post earnings of $0.07 per share for the quarter.
Shares of AppFolio, Inc. (NASDAQ APPF) opened at $45.80 on Friday. The stock has a market capitalization of $1,553.12, a price-to-earnings ratio of 1,526.67 and a beta of 0.70.
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In other AppFolio news, major shareholder Marc Stad sold 198,200 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $36.18, for a total value of $7,170,876.00. Following the completion of the transaction, the insider now owns 73,153 shares of the company’s stock, valued at approximately $2,646,675.54. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Global Fund Ii L.P. Dragoneer sold 503,300 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $35.79, for a total value of $18,013,107.00. Following the completion of the transaction, the insider now directly owns 52,263 shares of the company’s stock, valued at approximately $1,870,492.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 703,727 shares of company stock valued at $25,265,825. Insiders own 44.77% of the company’s stock.
A number of brokerages have issued reports on APPF. Zacks Investment Research cut AppFolio from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 10th. BidaskClub raised AppFolio from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 17th. KeyCorp reaffirmed a “buy” rating on shares of AppFolio in a report on Friday, August 11th. Credit Suisse Group reaffirmed a “neutral” rating and issued a $35.00 target price (up previously from $27.00) on shares of AppFolio in a report on Tuesday, August 8th. Finally, Morgan Stanley upped their target price on AppFolio from $33.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, August 8th. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $42.67.
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.
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