AppFolio (NASDAQ:APPF – Get Free Report) announced its quarterly earnings data on Thursday. The software maker reported $1.29 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 firm had revenue of $206.00 million during the quarter, compared to analyst estimates of $199.11 million. During the same period last year, the company earned $0.26 earnings per share. The company’s revenue was up 24.5% on a year-over-year basis. AppFolio updated its FY 2024 guidance to EPS.
AppFolio Price Performance
Shares of AppFolio stock traded up $20.27 on Friday, hitting $212.34. The company had a trading volume of 894,190 shares, compared to its average volume of 281,676. AppFolio has a twelve month low of $164.29 and a twelve month high of $274.56. The stock has a 50-day moving average of $223.58 and a 200-day moving average of $230.96. The firm has a market capitalization of $7.69 billion, a P/E ratio of 102.58 and a beta of 0.81.
Insider Activity at AppFolio
In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 81,699 shares in the company, valued at approximately $17,890,447.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Matthew S. Mazza sold 2,371 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $221.22, for a total transaction of $524,512.62. Following the completion of the transaction, the insider now owns 39,980 shares in the company, valued at approximately $8,844,375.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William Shane Trigg sold 3,501 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 81,699 shares of the company’s stock, valued at approximately $17,890,447.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,852 shares of company stock valued at $4,100,322. 9.15% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Read Our Latest Stock Analysis on AppFolio
About AppFolio
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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