AppFolio, Inc. (NASDAQ:APPF) Insider Matthew S. Mazza Sells 926 Shares

AppFolio, Inc. (NASDAQ:APPF) insider Matthew S. Mazza sold 926 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $229.04, for a total value of $212,091.04. Following the completion of the sale, the insider now directly owns 33,819 shares in the company, valued at approximately $7,745,903.76. This trade represents a 2.67 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

AppFolio Stock Down 0.4 %

Shares of AppFolio stock opened at $233.36 on Friday. The business has a fifty day simple moving average of $221.72 and a 200-day simple moving average of $231.18. AppFolio, Inc. has a fifty-two week low of $164.29 and a fifty-two week high of $274.56. The firm has a market cap of $8.48 billion, a price-to-earnings ratio of 65.00 and a beta of 0.83.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.26. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The company had revenue of $206.00 million during the quarter, compared to the consensus estimate of $199.11 million. During the same period in the prior year, the company earned $0.26 EPS. AppFolio’s revenue was up 24.5% on a year-over-year basis. Analysts anticipate that AppFolio, Inc. will post 3.23 earnings per share for the current fiscal year.

Institutional Trading of AppFolio

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd raised its holdings in shares of AppFolio by 24.8% in the 3rd quarter. Point72 Hong Kong Ltd now owns 6,774 shares of the software maker’s stock worth $1,595,000 after purchasing an additional 1,348 shares in the last quarter. True Wealth Design LLC bought a new stake in shares of AppFolio in the 3rd quarter worth approximately $79,000. Captrust Financial Advisors raised its holdings in shares of AppFolio by 183.3% in the 3rd quarter. Captrust Financial Advisors now owns 4,374 shares of the software maker’s stock worth $1,030,000 after purchasing an additional 2,830 shares in the last quarter. Northwest & Ethical Investments L.P. raised its holdings in shares of AppFolio by 16.0% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 725 shares of the software maker’s stock worth $171,000 after purchasing an additional 100 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AppFolio by 0.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 117,717 shares of the software maker’s stock valued at $27,711,000 after acquiring an additional 841 shares during the period. 62.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. DA Davidson upped their price target on shares of AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods cut shares of AppFolio from a “market perform” rating to an “underperform” rating and decreased their target price for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. StockNews.com cut AppFolio from a “buy” rating to a “hold” rating in a report on Thursday, August 22nd. Piper Sandler lowered their target price on AppFolio from $300.00 to $265.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, KeyCorp lowered their price target on AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $261.75.

AppFolio Company Profile

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.