AppFolio (NASDAQ:APPF – Get Free Report) issued its earnings results on Thursday. The software maker reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.03 by $0.26, Briefing.com reports. AppFolio had a return on equity of 27.39% and a net margin of 17.32%. The business had revenue of $206.00 million during the quarter, compared to analysts’ expectations of $199.11 million. During the same period in the prior year, the firm posted $0.26 EPS. AppFolio’s quarterly revenue was up 24.5% compared to the same quarter last year. AppFolio updated its FY 2024 guidance to EPS.
AppFolio Stock Up 11.0 %
APPF stock traded up $21.20 during trading on Friday, hitting $213.27. The company had a trading volume of 548,455 shares, compared to its average volume of 280,007. The firm has a 50-day moving average price of $223.73 and a 200-day moving average price of $231.12. AppFolio has a 12 month low of $164.29 and a 12 month high of $274.56. The stock has a market cap of $7.72 billion, a price-to-earnings ratio of 103.60 and a beta of 0.81.
Insider Buying and Selling at AppFolio
In other news, CEO William Shane Trigg sold 3,501 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $218.98, for a total transaction of $766,648.98. Following the completion of the sale, the chief executive officer now owns 81,699 shares in the company, valued at $17,890,447.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO William Shane Trigg sold 3,501 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.98, for a total transaction of $766,648.98. Following the completion of the sale, the chief executive officer now directly owns 81,699 shares of the company’s stock, valued at $17,890,447.02. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Maurice J. Duca sold 1,296 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $236.77, for a total transaction of $306,853.92. Following the completion of the transaction, the insider now owns 9,383 shares in the company, valued at $2,221,612.91. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,852 shares of company stock worth $4,100,322. Insiders own 9.15% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on APPF
AppFolio Company Profile
AppFolio, Inc, together with its subsidiaries, provides cloud business management solutions for the real estate industry in the United States. The company provides a cloud-based platform that enables users to automate and optimize common workflows; tools that assist with leasing, maintenance, and accounting; and other technology and services offered by third parties.
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