Insider Selling: AppFolio Inc (NASDAQ:APPF) Director Sells $1,019,575.10 in Stock

AppFolio Inc (NASDAQ:APPF) Director William R. Rauth III sold 9,701 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $105.10, for a total value of $1,019,575.10. Following the transaction, the director now owns 20,000 shares of the company’s stock, valued at $2,102,000. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

APPF stock opened at $107.61 on Friday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.51 and a current ratio of 1.51. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 192.16 and a beta of 1.20. AppFolio Inc has a 12-month low of $51.15 and a 12-month high of $109.89. The firm’s 50 day moving average price is $102.33.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.04). The firm had revenue of $57.10 million for the quarter, compared to analyst estimates of $56.77 million. AppFolio had a net margin of 9.46% and a return on equity of 19.56%. The business’s revenue was up 35.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. On average, equities research analysts forecast that AppFolio Inc will post 0.55 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System lifted its holdings in AppFolio by 9.5% during the 4th quarter. California Public Employees Retirement System now owns 17,345 shares of the software maker’s stock valued at $1,027,000 after buying an additional 1,508 shares in the last quarter. BlackRock Inc. lifted its holdings in AppFolio by 6.3% during the 4th quarter. BlackRock Inc. now owns 990,684 shares of the software maker’s stock valued at $58,668,000 after buying an additional 58,572 shares in the last quarter. Advisor Group Inc. lifted its holdings in AppFolio by 50.6% during the 4th quarter. Advisor Group Inc. now owns 3,350 shares of the software maker’s stock valued at $199,000 after buying an additional 1,125 shares in the last quarter. Northern Trust Corp lifted its holdings in AppFolio by 1.7% during the 4th quarter. Northern Trust Corp now owns 234,344 shares of the software maker’s stock valued at $13,878,000 after buying an additional 3,882 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in AppFolio by 24.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 268,322 shares of the software maker’s stock valued at $15,889,000 after buying an additional 52,387 shares in the last quarter. 31.17% of the stock is currently owned by institutional investors and hedge funds.

APPF has been the subject of several research analyst reports. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. BidaskClub upgraded Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. KeyCorp assumed coverage on Pluralsight in a research report on Tuesday. They set an “overweight” rating and a $40.00 price target on the stock. Finally, Morgan Stanley upped their price target on Sonic Automotive from $10.00 to $18.00 and gave the company an “underweight” rating in a research report on Monday, May 6th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $92.28.

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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