News articles about AppFolio (NASDAQ:APPF) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. AppFolio earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 45.1681391583817 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of analysts have commented on APPF shares. Zacks Investment Research downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a report on Thursday, October 19th. KeyCorp reiterated a “hold” rating on shares of AppFolio in a report on Monday, November 6th. Morgan Stanley increased their price objective on shares of AppFolio from $38.00 to $46.00 and gave the company an “equal weight” rating in a report on Tuesday, November 14th. Finally, BidaskClub downgraded shares of AppFolio from a “sell” rating to a “strong sell” rating in a report on Wednesday, December 27th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $44.33.
Shares of AppFolio (NASDAQ APPF) traded up $0.75 during midday trading on Friday, hitting $39.80. 144,171 shares of the stock were exchanged, compared to its average volume of 103,119. The firm has a market cap of $1,351.05, a P/E ratio of 248.75 and a beta of 0.52. AppFolio has a fifty-two week low of $22.84 and a fifty-two week high of $52.25.
In related news, CEO Jason Robert Randall sold 25,000 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $43.00, for a total transaction of $1,075,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William R. Rauth III sold 20,000 shares of the stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $42.53, for a total transaction of $850,600.00. Following the transaction, the director now directly owns 20,000 shares of the company’s stock, valued at approximately $850,600. The disclosure for this sale can be found here. Insiders have sold a total of 46,576 shares of company stock valued at $1,993,494 in the last ninety days. 44.77% of the stock is currently owned by corporate insiders.
AppFolio Company Profile
AppFolio, Inc is a provider of industry-specific, cloud-based software solutions for small and medium-sized businesses (SMBs) in the property management and legal industries. The Company’s mobile-optimized software solutions enable its customers to work at any time and from anywhere across multiple devices.
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