AppFolio, Inc. (NASDAQ:APPF - Get Free Report) major shareholder Maurice J. Duca sold 1,059 shares of AppFolio stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $229.10, for a total value of $242,616.90. Following the completion of the transaction, the insider now owns 9,388 shares in the company, valued at $2,150,790.80. The trade was a 10.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
AppFolio Stock Performance
AppFolio stock opened at $230.65 on Thursday. The company has a 50-day simple moving average of $222.29 and a 200-day simple moving average of $231.03. The firm has a market capitalization of $8.38 billion, a P/E ratio of 64.25 and a beta of 0.83. AppFolio, Inc. has a one year low of $164.29 and a one year high of $274.56.
AppFolio (NASDAQ:APPF - Get Free Report) last announced its earnings results on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, topping the consensus estimate of $1.03 by $0.26. The firm had revenue of $206.00 million for the quarter, compared to analysts' expectations of $199.11 million. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The firm's quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 earnings per share. As a group, sell-side analysts forecast that AppFolio, Inc. will post 3.23 earnings per share for the current year.
Institutional Inflows and Outflows
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Several hedge funds have recently added to or reduced their stakes in APPF. Blue Trust Inc. increased its position in shares of AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker's stock worth $29,000 after acquiring an additional 54 shares in the last quarter. GAMMA Investing LLC grew its stake in AppFolio by 589.5% in the second quarter. GAMMA Investing LLC now owns 131 shares of the software maker's stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. CWM LLC increased its holdings in AppFolio by 238.6% in the second quarter. CWM LLC now owns 149 shares of the software maker's stock worth $36,000 after buying an additional 105 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of AppFolio by 291.3% during the 1st quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker's stock valued at $44,000 after purchasing an additional 134 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in AppFolio by 688.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker's stock worth $52,000 after purchasing an additional 186 shares during the last quarter. Institutional investors and hedge funds own 62.34% of the company's stock.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on APPF shares. DA Davidson lifted their target price on shares of AppFolio from $285.00 to $300.00 and gave the company a "buy" rating in a report on Friday, July 26th. StockNews.com cut AppFolio from a "buy" rating to a "hold" rating in a research note on Thursday, August 22nd. Piper Sandler Companies restated an "overweight" rating and issued a $300.00 price target on shares of AppFolio in a report on Friday, July 26th. Piper Sandler decreased their target price on shares of AppFolio from $300.00 to $265.00 and set an "overweight" rating for the company in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods cut shares of AppFolio from a "market perform" rating to an "underperform" rating and cut their price target for the company from $255.00 to $193.00 in a report on Tuesday, October 15th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $261.75.
Check Out Our Latest Stock Report on APPF
AppFolio Company Profile
(
Get Free Report)
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.
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