AppFolio, Inc. (NASDAQ:APPF - Get Free Report) major shareholder Maurice J. Duca sold 60 shares of the company's stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $254.48, for a total value of $15,268.80. Following the completion of the transaction, the insider now owns 5 shares of the company's stock, valued at $1,272.40. This trade represents a 92.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
AppFolio Trading Down 0.2 %
Shares of NASDAQ:APPF opened at $254.82 on Thursday. The company has a 50 day moving average of $223.87 and a 200 day moving average of $230.91. The stock has a market cap of $9.26 billion, a P/E ratio of 70.98 and a beta of 0.83. AppFolio, Inc. has a 12 month low of $164.29 and a 12 month high of $274.56.
AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 EPS 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 firm had revenue of $206.00 million during the quarter, compared to analyst estimates of $199.11 million. During the same period in the previous year, the business earned $0.26 EPS. The business's revenue for the quarter was up 24.5% on a year-over-year basis. On average, equities analysts forecast that AppFolio, Inc. will post 3.23 earnings per share for the current fiscal year.
Analyst Ratings Changes
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A number of brokerages have recently commented on APPF. Keefe, Bruyette & Woods cut AppFolio from a "market perform" rating to an "underperform" rating and dropped their price target for the company from $255.00 to $193.00 in a research report on Tuesday, October 15th. KeyCorp lowered their price objective on AppFolio from $300.00 to $252.00 and set an "overweight" rating on the stock in a research note on Friday, October 25th. StockNews.com lowered shares of AppFolio from a "buy" rating to a "hold" rating in a research report on Thursday, August 22nd. Finally, Piper Sandler lowered their price target on shares of AppFolio from $300.00 to $265.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $261.75.
Check Out Our Latest Stock Analysis on AppFolio
Hedge Funds Weigh In On AppFolio
A number of institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC raised its holdings in shares of AppFolio by 2.9% in the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker's stock valued at $335,000 after acquiring an additional 40 shares in the last quarter. Brighton Jones LLC increased its position in shares of AppFolio by 0.9% in the second quarter. Brighton Jones LLC now owns 5,805 shares of the software maker's stock worth $1,420,000 after purchasing an additional 49 shares during the last quarter. Blue Trust Inc. raised its stake in AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker's stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Northwest & Ethical Investments L.P. lifted its position in AppFolio by 16.0% during the third quarter. Northwest & Ethical Investments L.P. now owns 725 shares of the software maker's stock valued at $171,000 after purchasing an additional 100 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in AppFolio by 2.9% in the 2nd quarter. ProShare Advisors LLC now owns 3,630 shares of the software maker's stock worth $888,000 after buying an additional 102 shares in the last quarter. 62.34% of the stock is currently owned by institutional investors.
About AppFolio
(
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.
Further Reading
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