AppFolio Inc (NASDAQ:APPF) CFO Ida Kathleen Kane sold 5,000 shares of the firm’s stock in a transaction on Thursday, April 11th. The stock was sold at an average price of $81.70, for a total value of $408,500.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of NASDAQ APPF opened at $85.03 on Tuesday. The company has a current ratio of 3.83, a quick ratio of 3.83 and a debt-to-equity ratio of 0.53. AppFolio Inc has a 52 week low of $42.92 and a 52 week high of $91.49. The firm has a market capitalization of $2.80 billion, a P/E ratio of 151.84, a P/E/G ratio of 6.00 and a beta of 1.23.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Advisor Group Inc. grew its position in AppFolio by 50.6% in the fourth quarter. Advisor Group Inc. now owns 3,350 shares of the software maker’s stock valued at $199,000 after acquiring an additional 1,125 shares during the last quarter. Virtu Financial LLC bought a new position in AppFolio in the third quarter valued at about $227,000. Victory Capital Management Inc. grew its position in AppFolio by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 4,112 shares of the software maker’s stock valued at $244,000 after acquiring an additional 162 shares during the last quarter. First Quadrant L P CA grew its position in AppFolio by 95.3% in the fourth quarter. First Quadrant L P CA now owns 4,739 shares of the software maker’s stock valued at $281,000 after acquiring an additional 2,312 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its position in AppFolio by 356.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 4,857 shares of the software maker’s stock valued at $288,000 after acquiring an additional 3,793 shares during the last quarter. Institutional investors own 30.87% of the company’s stock.
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.
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