AppFolio, Inc. (NASDAQ:APPF – Get Free Report) insider Matthew S. Mazza sold 926 shares of AppFolio stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $229.04, for a total value of $212,091.04. Following the transaction, the insider now owns 33,819 shares in the company, valued at approximately $7,745,903.76. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
AppFolio Stock Performance
NASDAQ:APPF opened at $235.26 on Wednesday. AppFolio, Inc. has a 52 week low of $164.29 and a 52 week high of $274.56. The firm’s fifty day moving average is $221.46 and its 200-day moving average is $231.14. The firm has a market cap of $8.55 billion, a P/E ratio of 65.53 and a beta of 0.83.
AppFolio (NASDAQ:APPF – Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.26. The business had revenue of $206.00 million during the quarter, compared to analysts’ expectations of $199.11 million. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The business’s quarterly revenue was up 24.5% on a year-over-year basis. During the same period last year, the company posted $0.26 earnings per share. As a group, sell-side analysts anticipate that AppFolio, Inc. will post 3.23 earnings per share for the current year.
Institutional Trading of AppFolio
Wall Street Analyst Weigh In
A number of research firms recently issued reports on APPF. Piper Sandler Companies reiterated an “overweight” rating and set a $300.00 price objective on shares of AppFolio in a report on Friday, July 26th. DA Davidson raised their price target on shares of AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. StockNews.com lowered shares of AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, August 22nd. Keefe, Bruyette & Woods downgraded shares of AppFolio from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $255.00 to $193.00 in a research report on Tuesday, October 15th. Finally, KeyCorp lowered their price target on shares of AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, AppFolio has an average rating of “Moderate Buy” and an average price target of $261.75.
View Our Latest Stock Report on APPF
About AppFolio
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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