AppFolio, Real Estate Software Firm Is Targeting Enterprise Market
Real estate software company AppFolio has become the IBD Stock of the Day at the start of its first analyst day, helmed by the new chief executive officer. APPF stock has moved up 96%. The island is trading in a buy zone.
AppFolio stock fell 5% and closed at 200.36 on the stock market today.
APPF stock owns a 201. Ninety-one buy points from a consolidation. AppFolio prompted Shane Trigg, a former executive, on March 2.
appFolio made Shane Trigg, their former Salesforce executive, the CEO of the company on March 2. Before being named the CEO of the company, Trigg also served as the general manager of AppFolio’s real estate.
On Tuesday, AppFolio presented an analyst day for updating the long-term financial goals.
“We come away from AppFolio’s analyst day positive on its long-term growth strategy and margin expansion opportunities,”
Jason Celino, analyst aKeyBancnc Capital Markets, stated in a report.
“Consistent with our positive preview, it announced a new pricing/packaging tier, Max, catered to large enterprise customers as it continues to move upmarket. Also Appfolio provided incremental messaging around ARPU (average revenue per user) expansion opportunities.”
APPF Stock: Technical Ratings
AppFolio stocks have an IBD Composite Rating of 94. Further, AppFolio stock holds a Distribution/Accumulation Rating of A-minus. That rating shows changes in price and volume in stock for the past 13 weeks of trading. Its current rating shows there are more buying than selling.
The rating, that is on a scale of A+ to E, helps calculate the institutional stock trading (buying and selling of a stock.)
A+ suggests heavy institutional buying; E, on the other hand, means heavy selling. C suggests a neutral grade. The company has been making cuts on jobs to improve profitability. In the September quarter, EPS boosted by 436% to 59 cents. It easily grossed estimates for 15-cent profit by using the GAAP principles. A year ago, the company also reported a 12-cent loss.
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