AppFolio, Inc. (NASDAQ:APPF – Get Free Report) Director Olivia Nottebohm sold 989 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $241.75, for a total value of $239,090.75. Following the completion of the sale, the director now directly owns 1,909 shares of the company’s stock, valued at $461,500.75. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
AppFolio Stock Down 3.8 %
Shares of APPF opened at $229.59 on Wednesday. The stock has a market capitalization of $8.24 billion, a P/E ratio of 7,655.55 and a beta of 0.81. AppFolio, Inc. has a twelve month low of $113.58 and a twelve month high of $246.12. The company has a 50 day moving average of $205.92 and a 200-day moving average of $193.79.
AppFolio (NASDAQ:APPF – Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The software maker reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.29. The company had revenue of $171.83 million during the quarter, compared to analysts’ expectations of $162.80 million. AppFolio had a net margin of 0.44% and a negative return on equity of 8.58%. On average, sell-side analysts anticipate that AppFolio, Inc. will post 2.66 earnings per share for the current fiscal year.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on APPF
Hedge Funds Weigh In On AppFolio
Several hedge funds have recently made changes to their positions in the business. Fred Alger Management LLC boosted its holdings in shares of AppFolio by 623.8% in the 4th quarter. Fred Alger Management LLC now owns 497,164 shares of the software maker’s stock valued at $52,391,000 after buying an additional 428,479 shares during the last quarter. Norges Bank acquired a new stake in shares of AppFolio in the 4th quarter valued at approximately $38,458,000. Zeno Equity Partners LLP acquired a new stake in shares of AppFolio in the 4th quarter valued at approximately $33,434,000. Lord Abbett & CO. LLC acquired a new stake in shares of AppFolio in the 3rd quarter valued at approximately $33,062,000. Finally, Nellore Capital Management LLC acquired a new stake in shares of AppFolio in the 1st quarter valued at approximately $16,069,000. 48.96% of the stock is owned by institutional investors.
About AppFolio
AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.
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