Ida Kathleen Kane Sells 5,000 Shares of AppFolio Inc (APPF) Stock

AppFolio Inc (NASDAQ:APPF) CFO Ida Kathleen Kane sold 5,000 shares of the stock in a transaction that occurred on Thursday, April 11th. The stock was sold at an average price of $81.70, for a total transaction of $408,500.00. Following the transaction, the chief financial officer now owns 5,000 shares in the company, valued at approximately $408,500. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NASDAQ:APPF opened at $87.50 on Wednesday. AppFolio Inc has a 12-month low of $44.90 and a 12-month high of $91.49. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 156.25, a price-to-earnings-growth ratio of 6.02 and a beta of 1.23. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.53.

A number of research analysts have issued reports on the stock. DA Davidson increased their target price on shares of AppFolio to $73.00 and gave the stock a “neutral” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of AppFolio from a “hold” rating to a “buy” rating and set a $65.00 target price on the stock in a research report on Monday, December 31st. BidaskClub upgraded shares of AppFolio from a “hold” rating to a “buy” rating in a research report on Monday, February 25th. Morgan Stanley increased their target price on shares of AppFolio from $56.00 to $61.00 and gave the stock an “underweight” rating in a research report on Monday, March 4th. Finally, TheStreet upgraded shares of AppFolio from a “c+” rating to a “b-” rating in a research report on Monday, February 11th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. AppFolio currently has an average rating of “Hold” and an average price target of $66.33.

Large investors have recently made changes to their positions in the business. Vanguard Group Inc boosted its position in shares of AppFolio by 34.1% during the 3rd quarter. Vanguard Group Inc now owns 1,668,897 shares of the software maker’s stock worth $130,842,000 after acquiring an additional 424,004 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of AppFolio by 34.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,668,897 shares of the software maker’s stock worth $130,842,000 after acquiring an additional 424,004 shares in the last quarter. Brown Advisory Inc. acquired a new stake in shares of AppFolio during the 4th quarter worth approximately $10,469,000. Menta Capital LLC acquired a new stake in shares of AppFolio during the 4th quarter worth approximately $5,279,000. Finally, First Trust Advisors LP acquired a new stake in shares of AppFolio during the 4th quarter worth approximately $3,644,000. Hedge funds and other institutional investors own 30.87% of the company’s stock.

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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.

Further Reading: Net Asset Value

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

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