AppFolio Inc (NASDAQ:APPF) CFO Ida Kathleen Kane Sells 2,500 Shares

AppFolio Inc (NASDAQ:APPF) CFO Ida Kathleen Kane sold 2,500 shares of the firm’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $100.00, for a total value of $250,000.00. Following the sale, the chief financial officer now directly owns 2,500 shares of the company’s stock, valued at $250,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Ida Kathleen Kane also recently made the following trade(s):

  • On Monday, May 6th, Ida Kathleen Kane sold 2,500 shares of AppFolio stock. The stock was sold at an average price of $93.29, for a total value of $233,225.00.
  • On Thursday, April 11th, Ida Kathleen Kane sold 5,000 shares of AppFolio stock. The stock was sold at an average price of $81.70, for a total value of $408,500.00.

Shares of APPF traded up $0.96 during trading hours on Monday, reaching $103.23. 153,714 shares of the company’s stock traded hands, compared to its average volume of 132,751. The company has a market capitalization of $3.48 billion, a PE ratio of 184.34 and a beta of 1.20. 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’s 50 day simple moving average is $98.69. AppFolio Inc has a 12 month low of $51.15 and a 12 month high of $109.89.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, May 2nd. The software maker reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.04). The business had revenue of $57.10 million for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 EPS. Analysts expect that AppFolio Inc will post 0.55 earnings per share for the current year.

Several equities research analysts recently weighed in on the company. DA Davidson lifted their price objective on AppFolio to $73.00 and gave the stock a “neutral” rating in a report on Tuesday, April 16th. William Blair restated an “outperform” rating on shares of AppFolio in a research note on Friday, May 3rd. Zacks Investment Research downgraded AppFolio from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 5th. Morgan Stanley raised their target price on AppFolio from $61.00 to $82.00 and gave the stock an “underweight” rating in a research note on Monday, May 6th. Finally, BidaskClub downgraded AppFolio from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $87.67.

A number of large investors have recently added to or reduced their stakes in the stock. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new position in shares of AppFolio during the first quarter valued at $93,000. Gilder Gagnon Howe & Co. LLC bought a new position in shares of AppFolio during the first quarter valued at $147,000. Advisor Group Inc. lifted its holdings in shares of AppFolio by 50.6% during the fourth quarter. Advisor Group Inc. now owns 3,350 shares of the software maker’s stock valued at $199,000 after purchasing an additional 1,125 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of AppFolio by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 4,112 shares of the software maker’s stock valued at $244,000 after purchasing an additional 162 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of AppFolio during the first quarter valued at $261,000. Institutional investors own 31.20% of the company’s stock.

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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