AppFolio - APPF Stock Forecast, Price & News

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. It also provides value added services that are designed to enhance, automate, and streamline processes and workflows for property management businesses, such as electronic payment, tenant screening, and insurance services. AppFolio, Inc. was incorporated in 2006 and is headquartered in Santa Barbara, California.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. StockNews.com cut AppFolio from a "hold" rating to a "sell" rating in a research note on Wednesday, May 18th. TheStreet lowered AppFolio from a "c-" rating to a "d" rating in a report on Thursday, July 28th.

AppFolio Trading Up 2.0 %

NASDAQ:APPF opened at $112.19 on Monday. The firm has a market capitalization of $3.93 billion, a PE ratio of -85.64 and a beta of 1.06. The stock has a 50 day moving average of $97.93 and a 200-day moving average of $105.34. AppFolio has a 52 week low of $79.92 and a 52 week high of $139.99.

AppFolio (NASDAQ:APPF - Get Rating) last issued its quarterly earnings data on Thursday, July 28th. The software maker reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.17. AppFolio had a negative return on equity of 16.01% and a negative net margin of 11.04%. During the same period last year, the business posted $0.06 earnings per share. As a group, analysts predict that AppFolio will post -2.36 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Jonathan Walker sold 10,455 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $98.91, for a total value of $1,034,104.05. Following the completion of the transaction, the chief technology officer now directly owns 596,502 shares of the company's stock, valued at approximately $59,000,012.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CTO Jonathan Walker sold 10,455 shares of the stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $98.91, for a total value of $1,034,104.05. Following the completion of the transaction, the chief technology officer now directly owns 596,502 shares of the company's stock, valued at approximately $59,000,012.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy K. Bliss sold 6,472 shares of the stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $110.63, for a total value of $715,997.36. Following the completion of the transaction, the director now directly owns 33,794 shares of the company's stock, valued at $3,738,630.22. The disclosure for this sale can be found here. Insiders sold 37,626 shares of company stock valued at $3,788,983 in the last three months. 22.23% of the stock is currently owned by corporate insiders.