Janet Kerr Sells 550 Shares of AppFolio, Inc. (NASDAQ:APPF) Stock

AppFolio, Inc. (NASDAQ:APPFGet Rating) Director Janet Kerr sold 550 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $92.61, for a total transaction of $50,935.50. Following the sale, the director now directly owns 16,498 shares in the company, valued at $1,527,879.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

APPF stock opened at $85.86 on Thursday. AppFolio, Inc. has a fifty-two week low of $79.92 and a fifty-two week high of $150.78. The firm’s 50-day simple moving average is $107.34 and its 200 day simple moving average is $115.95. The stock has a market cap of $2.99 billion, a PE ratio of -220.15 and a beta of 1.03.

AppFolio (NASDAQ:APPFGet Rating) last released its earnings results on Monday, May 9th. The software maker reported ($0.41) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.36). AppFolio had a negative net margin of 3.56% and a negative return on equity of 4.72%. During the same quarter last year, the firm posted $0.01 EPS. On average, analysts expect that AppFolio, Inc. will post -0.01 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in APPF. BlackRock Inc. boosted its position in shares of AppFolio by 2.8% during the 4th quarter. BlackRock Inc. now owns 1,249,161 shares of the software maker’s stock valued at $151,223,000 after purchasing an additional 33,995 shares in the last quarter. Capital Research Global Investors boosted its position in shares of AppFolio by 0.5% during the 3rd quarter. Capital Research Global Investors now owns 1,025,772 shares of the software maker’s stock valued at $123,503,000 after purchasing an additional 4,981 shares in the last quarter. Dynamo Internacional Gestao DE Recursos LTDA. boosted its position in shares of AppFolio by 22.4% during the 3rd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 697,611 shares of the software maker’s stock valued at $84,104,000 after purchasing an additional 127,679 shares in the last quarter. State Street Corp boosted its position in shares of AppFolio by 1.0% during the 1st quarter. State Street Corp now owns 408,926 shares of the software maker’s stock valued at $46,295,000 after purchasing an additional 3,877 shares in the last quarter. Finally, Long Walk Management LP boosted its position in shares of AppFolio by 37.2% during the 4th quarter. Long Walk Management LP now owns 358,737 shares of the software maker’s stock valued at $43,429,000 after purchasing an additional 97,210 shares in the last quarter. 66.03% of the stock is currently owned by hedge funds and other institutional investors.

APPF has been the topic of a number of research reports. Zacks Investment Research raised shares of AppFolio from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 3rd. Stephens raised shares of AppFolio from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $105.00 to $107.00 in a report on Tuesday, February 8th. StockNews.com cut shares of AppFolio from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, KeyCorp raised shares of AppFolio from a “sector weight” rating to an “overweight” rating and set a $143.00 price objective on the stock in a report on Friday, April 8th.

About AppFolio (Get Rating)

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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