AppFolio Inc (NASDAQ:APPF) Director William R. Rauth III sold 20,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $130.28, for a total value of $2,605,600.00. Following the transaction, the director now owns 20,000 shares in the company, valued at approximately $2,605,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ APPF opened at $139.61 on Friday. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 143.93 and a beta of 0.92. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.40 and a quick ratio of 2.40. The business has a 50-day moving average of $108.55 and a two-hundred day moving average of $113.20. AppFolio Inc has a 1 year low of $81.01 and a 1 year high of $148.07.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Monday, May 4th. The software maker reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.02). AppFolio had a return on equity of 27.61% and a net margin of 12.73%. The business had revenue of $72.50 million for the quarter, compared to analysts’ expectations of $72.50 million. As a group, equities research analysts expect that AppFolio Inc will post 0.49 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. Brown Capital Management LLC boosted its stake in shares of AppFolio by 11.8% during the 1st quarter. Brown Capital Management LLC now owns 1,816,553 shares of the software maker’s stock worth $201,547,000 after acquiring an additional 192,099 shares in the last quarter. Jennison Associates LLC acquired a new position in AppFolio in the 4th quarter valued at $13,248,000. Diker Management LLC acquired a new position in AppFolio in the 1st quarter valued at $10,378,000. FMR LLC acquired a new stake in shares of AppFolio during the 1st quarter worth $4,105,000. Finally, Morgan Stanley increased its holdings in shares of AppFolio by 28.1% during the 1st quarter. Morgan Stanley now owns 183,915 shares of the software maker’s stock worth $20,405,000 after buying an additional 40,357 shares during the last quarter. Hedge funds and other institutional investors own 37.94% of the company’s stock.

APPF has been the subject of a number of research analyst reports. BidaskClub raised AppFolio from a “hold” rating to a “buy” rating in a report on Tuesday, May 12th. Zacks Investment Research raised AppFolio from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Thursday. TheStreet cut AppFolio from a “b-” rating to a “c+” rating in a research note on Monday, March 23rd. Finally, DA Davidson cut AppFolio from a “neutral” rating to an “underperform” rating and set a $88.00 target price for the company. in a research note on Monday, May 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. AppFolio presently has an average rating of “Hold” and an average price target of $114.70.

AppFolio Company Profile

AppFolio, Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property management and legal industries. It offers AppFolio Property Manager, a cloud-based software solution for the real estate market that provides property managers of various sizes and tools and services designed to streamline their property management businesses, such as posting and tracking vacancies, leasing vacant properties, and accounting, as well as facilitating tenant, owner, and vendor communications.

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

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