AppFolio, Inc. (NASDAQ:APPF) Director Timothy K. Bliss Sells 13,072 Shares

AppFolio, Inc. (NASDAQ:APPFGet Rating) Director Timothy K. Bliss sold 13,072 shares of the firm’s stock in a transaction on Thursday, September 15th. The stock was sold at an average price of $100.24, for a total transaction of $1,310,337.28. Following the completion of the sale, the director now owns 78,397 shares in the company, valued at approximately $7,858,515.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Timothy K. Bliss also recently made the following trade(s):

  • 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 transaction 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 transaction of $309,309.30.

AppFolio Stock Performance

Shares of NASDAQ APPF opened at $103.84 on Tuesday. The stock has a market cap of $3.63 billion, a PE ratio of -79.27 and a beta of 1.06. The business has a fifty day moving average of $102.22 and a two-hundred day moving average of $102.96. AppFolio, Inc. has a 52-week low of $79.92 and a 52-week high of $139.99.

AppFolio (NASDAQ:APPFGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The software maker reported ($0.86) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.35) by ($0.51). The company had revenue of $117.45 million for the quarter, compared to the consensus estimate 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 period in the previous year, the business posted $0.06 earnings per share. Analysts predict that AppFolio, Inc. will post -2.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on APPF. TheStreet downgraded shares of AppFolio from a “c-” rating to a “d” rating in a research note on Thursday, July 28th. Berenberg Bank began coverage on shares of AppFolio in a research note on Thursday, September 15th. They set a “buy” rating and a $130.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $126.67.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. raised its holdings in shares of AppFolio by 14.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,236 shares of the software maker’s stock valued at $513,000 after buying an additional 544 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of AppFolio by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 221,788 shares of the software maker’s stock valued at $26,850,000 after buying an additional 2,740 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of AppFolio by 22.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 4,143 shares of the software maker’s stock valued at $502,000 after buying an additional 759 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of AppFolio by 3.7% in the fourth quarter. HighTower Advisors LLC now owns 2,351 shares of the software maker’s stock valued at $284,000 after buying an additional 84 shares during the last quarter. Finally, Teacher Retirement System of Texas raised its holdings in shares of AppFolio by 29.1% in the fourth quarter. Teacher Retirement System of Texas now owns 3,385 shares of the software maker’s stock valued at $410,000 after buying an additional 762 shares during the last quarter. 45.51% of the stock is owned by institutional investors.

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.

Further Reading

Insider Buying and Selling by Quarter for AppFolio (NASDAQ:APPF)

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.