AppFolio, Inc. (NASDAQ:APPF) Insider Matthew S. Mazza Sells 1,425 Shares

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AppFolio, Inc. (NASDAQ:APPF – Get Rating) insider Matthew S. Mazza sold 1,425 shares of the company in a trade on Wednesday, August 10. The stock was sold at an average price of $109.61, for a total value of $156,194.25. Following the sale, the insider now owns 41,470 shares of the company, valued at approximately $4,545,526.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink.

AppFolio Price Performance

AppFolio shares rose $2.21 during Friday trading hours, hitting $112.19. The company’s stock had a trading volume of 92,896 shares, compared to an average trading volume of 124,519 shares. AppFolio, Inc. has a 12 month minimum of $79.92 and a 12 month maximum of $139.99. The stock has a 50-day moving average of $97.93 and a 200-day moving average of $105.41. The company has a market capitalization of $3.93 billion, a PE ratio of -85.64 and a beta of 1.06.

AppFolio (NASDAQ:APPF – Get Rating) last reported its quarterly results on Thursday, July 28. The software maker reported earnings per share (EPS) of $0.03 for the quarter, beating the consensus estimate of ($0.14) by $0.17. AppFolio had a negative return on equity of 16.01% and a negative net margin of 11.04%. In the same period of the previous year, the company had earned earnings per share of $0.06. Equity analysts expect AppFolio, Inc. to post -2.36 EPS for the current year.

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A number of equity research analysts have recently commented on the company. TheStreet downgraded AppFolio from a “c-” rating to a “d” rating in a Thursday, July 28 report. StockNews.com downgraded AppFolio from a “hold” rating to a “sell” rating in a Wednesday, May 18 report.

Institutional investors weigh in on AppFolio

Several large investors have recently changed their stake in the company. Allspring Global Investments Holdings LLC acquired a new position in AppFolio stock during the fourth quarter worth approximately $985,000. Commonwealth Equity Services LLC increased its position in AppFolio shares by 40.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,632 shares of the software maker worth $318,000 after purchasing an additional 758 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in AppFolio shares by 35.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,401 shares of the software maker worth $291,000 after buying an additional 634 shares during the period. Oppenheimer Asset Management Inc. increased its position in AppFolio shares by 11.4% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 4,765 shares of the software maker worth $577,000 after purchasing an additional 487 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in AppFolio shares by 170.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 540 shares of the software maker worth $62,000 after buying an additional 340 shares during the period. 66.03% of the shares are currently held by institutional investors.

AppFolio Company Profile

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AppFolio, Inc, together with its subsidiaries, provides cloud-based business management solutions for the real estate industry. The Company offers AppFolio Property Manager, a platform for leveraging process automation, an easy-to-use interface, and optimization of common workflows for property management companies, as well as performing and record 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 clients to digitize their existing processes, performance insights, smart revenue management and integrations through select partners and dedicated strategic account managers; and AppFolio Investment Management, a solution designed to enable real estate investment management organizations to manage investor relations by improving transparency and streamlining certain business processes.

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Insider buying and selling by quarter for AppFolio (NASDAQ:APPF)

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