William R. Rauth III Sells 20,000 Shares of AppFolio Inc (NASDAQ:APPF) Stock
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.
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.
Receive News & Ratings for AppFolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppFolio and related companies with MarketBeat.com's FREE daily email newsletter.