Should You Read Anything Into AppFolio's CFO Parting With Stock? Here's What to Know
Restricted stock unit vesting triggered automatic share withholding to cover tax obligations for this executive.
Overview
Timothy Mathias Eaton, the chief financial officer of AppFolio, Inc. (NASDAQ:APPF), disposed of 949 shares of Class A Common Stock on August 10, according to an SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($199.54); post-transaction value based on the August 10 market close ($199.54).
Details
AppFolio is a market-leading provider of cloud-based software solutions for the real estate industry, with a $7.3 billion market capitalization and $1.0 billion in TTM revenue. The company maintains a competitive advantage through its integrated platform approach, which consolidates multiple operational functions into a single system of record, reducing implementation complexity and increasing customer switching costs. With a net income of $157.5 million TTM, AppFolio demonstrates strong profitability and operational leverage in the software-as-a-service sector.
Source
Originally published at www.fool.com.