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 research analysts recently issued reports on APPF shares. StockNews.com cut AppFolio from a "hold" rating to a "sell" rating in a research report on Wednesday, May 18th. TheStreet cut AppFolio from a "c-" rating to a "d" rating in a research report on Thursday, July 28th.

AppFolio Stock Down 1.2 %

Shares of NASDAQ:APPF opened at $107.16 on Tuesday. AppFolio has a 12-month low of $79.92 and a 12-month high of $139.99. The business's 50 day moving average is $97.29 and its 200 day moving average is $105.41.

AppFolio (NASDAQ:APPF - Get Rating) last announced its earnings results on Thursday, July 28th. The software maker reported $0.03 earnings per share (EPS) 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%. During the same quarter in the previous year, the business earned $0.06 EPS. Analysts forecast that AppFolio will post -2.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other AppFolio news, Director Janet Kerr sold 550 shares of the business's stock in a transaction on Monday, May 16th. The stock was sold at an average price of $92.61, for a total value of $50,935.50. Following the transaction, the director now owns 16,498 shares of the company's stock, valued at $1,527,879.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CTO Jonathan Walker sold 10,455 shares of the company's stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $98.91, for a total transaction of $1,034,104.05. Following the transaction, the chief technology officer now owns 596,502 shares of the company's stock, valued at approximately $59,000,012.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Janet Kerr sold 550 shares of the company's stock in a transaction on Monday, May 16th. The shares were sold at an average price of $92.61, for a total value of $50,935.50. Following the transaction, the director now directly owns 16,498 shares in the company, valued at approximately $1,527,879.78. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,545 shares of company stock valued at $2,673,631. Insiders own 22.23% of the company's stock.