AppFolio Inc (APPF) Major Shareholder Global Fund Ii L.P. Dragoneer Sells 400,000 Shares

AppFolio Inc (NASDAQ:APPF) major shareholder Global Fund Ii L.P. Dragoneer sold 400,000 shares of the firm’s stock in a transaction on Tuesday, April 4th. The stock was sold at an average price of $24.80, for a total transaction of $9,920,000.00. Following the completion of the transaction, the insider now directly owns 6,029 shares of the company’s stock, valued at approximately $149,519.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Global Fund Ii L.P. Dragoneer also recently made the following trade(s):

  • On Wednesday, March 22nd, Global Fund Ii L.P. Dragoneer sold 240,000 shares of AppFolio stock. The shares were sold at an average price of $23.50, for a total transaction of $5,640,000.00.

Shares of AppFolio Inc (NASDAQ:APPF) traded down 0.19% on Friday, hitting $25.85. 13,717 shares of the company were exchanged. The firm’s market cap is $872.08 million. AppFolio Inc has a 52-week low of $12.07 and a 52-week high of $28.00. The company has a 50-day moving average price of $25.40 and a 200 day moving average price of $22.67.

AppFolio (NASDAQ:APPF) last issued its earnings results on Monday, February 27th. The software maker reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.07. The business earned $28.01 million during the quarter, compared to analyst estimates of $27.04 million. AppFolio had a negative return on equity of 15.48% and a negative net margin of 11.11%. Analysts predict that AppFolio Inc will post $0.03 EPS for the current fiscal year.

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

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A number of equities analysts recently weighed in on APPF shares. Credit Suisse Group AG boosted their price target on shares of AppFolio from $19.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 28th. William Blair reaffirmed a “positive” rating on shares of AppFolio in a research note on Tuesday, February 28th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. AppFolio currently has a consensus rating of “Hold” and an average price target of $21.67.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rathbone Brothers plc purchased a new position in shares of AppFolio during the third quarter worth approximately $267,000. Wells Fargo & Company MN boosted its stake in shares of AppFolio by 1.9% in the third quarter. Wells Fargo & Company MN now owns 96,237 shares of the software maker’s stock worth $1,871,000 after buying an additional 1,794 shares during the period. Spark Investment Management LLC acquired a new stake in shares of AppFolio during the third quarter valued at approximately $505,000. Laurion Capital Management LP acquired a new stake in shares of AppFolio during the third quarter valued at approximately $754,000. Finally, State Street Corp boosted its stake in shares of AppFolio by 14.4% in the fourth quarter. State Street Corp now owns 96,083 shares of the software maker’s stock valued at $2,293,000 after buying an additional 12,096 shares during the last quarter. Institutional investors and hedge funds own 13.70% of the company’s stock.

About AppFolio

AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.

5 Day Chart for NASDAQ:APPF

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