AppFolio, Inc. (NASDAQ:APPF – Get Rating) Director Timothy K. Bliss sold 13,072 shares of the company's stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $100.24, for a total value of $1,310,337.28. Following the sale, the director now directly owns 78,397 shares of the company's stock, valued at approximately $7,858,515.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Timothy K. Bliss also recently made the following trade(s):
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- On Wednesday, August 17th, Timothy K. Bliss sold 3,626 shares of AppFolio stock. The stock was sold at an average price of $108.74, for a total value of $394,291.24.
- On Wednesday, August 3rd, Timothy K. Bliss sold 2,943 shares of AppFolio stock. The stock was sold at an average price of $105.10, for a total value of $309,309.30.
AppFolio Stock Performance
Shares of APPF traded up $1.48 during mid-day trading on Monday, hitting $103.84. The company's stock had a trading volume of 76,937 shares, compared to its average volume of 120,402. The stock's 50-day moving average is $102.11 and its two-hundred day moving average is $103.03. The firm has a market capitalization of $3.63 billion, a PE ratio of -79.24 and a beta of 1.06. AppFolio, Inc. has a one year low of $79.92 and a one year high of $139.99.
AppFolio (NASDAQ:APPF – Get Rating) last issued its earnings results on Thursday, July 28th. The software maker reported ($0.86) EPS for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.51). The firm had revenue of $117.45 million during the quarter, compared to analyst estimates of $115.35 million. AppFolio had a negative net
margin of 11.04% and a negative return on equity of 16.01%. During the same quarter in the previous year, the company posted $0.06 earnings per share. Analysts expect that AppFolio, Inc. will post -2.36 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently weighed in on the company. TheStreet cut AppFolio from a "c-" rating to a "d" rating in a research report on Thursday, July 28th. Berenberg Bank assumed coverage on AppFolio in a research report on Thursday. They issued a "buy" rating and a $130.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, AppFolio presently has a consensus rating of "Hold" and a consensus target price of $126.67.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. US Bancorp DE raised its stake in AppFolio by 206.7% during the second quarter. US Bancorp DE now owns 322 shares of the software maker's stock worth $29,000 after acquiring an additional 217 shares in the last quarter. Federated Hermes Inc. acquired a new stake in shares of AppFolio in the first quarter valued at $39,000. Castle Wealth Management LLC acquired a new stake in shares of AppFolio in the second quarter valued at $56,000. Nisa Investment Advisors LLC boosted its holdings in AppFolio by 115.2% in the second quarter. Nisa Investment Advisors LLC now owns 822 shares of the software maker's stock valued at $75,000 after acquiring an additional 440 shares during the last quarter. Finally, Ensign Peak Advisors Inc bought a new position in AppFolio in the fourth quarter valued at about $88,000. 45.51% of the stock is currently owned by institutional investors and hedge funds.
AppFolio Company Profile
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AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry. The company offers AppFolio Property Manager, a platform to leverage process automation, easy to use interface, and the optimization of common workflows for property management companies, as well as completes and records critical transactions in the system and give its customers access to the data they need to run their business; AppFolio Property Manager Plus, which offers customizable workflows that allow customers to digitize their existing processes, performance insights, intelligent revenue management, and integrations through selected partners and dedicated strategic account managers; and AppFolio Investment Management, a solution that is designed to enable real estate investment management organizations to manage investor relationships through enhancing transparency and streamlining certain business processes.
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