AppFolio, Inc. (NASDAQ:APPF) Insider Sells $1,202,461.60 in Stock

AppFolio, Inc. (NASDAQ:APPF) insider Matthew S. Mazza sold 5,090 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $236.24, for a total value of $1,202,461.60. Following the completion of the transaction, the insider now directly owns 28,266 shares in the company, valued at approximately $6,677,559.84. This trade represents a 15.26 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

AppFolio Stock Down 1.4 %

NASDAQ APPF opened at $230.02 on Monday. AppFolio, Inc. has a 52 week low of $164.29 and a 52 week high of $274.56. The stock has a market capitalization of $8.36 billion, a PE ratio of 64.07 and a beta of 0.83. The firm has a 50 day moving average of $221.86 and a two-hundred day moving average of $231.16.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data 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 return on equity of 30.64% and a net margin of 17.26%. The business had revenue of $206.00 million for the quarter, compared to the consensus estimate of $199.11 million. During the same quarter in the prior year, the business posted $0.26 EPS. The business’s revenue for the quarter was up 24.5% on a year-over-year basis. On average, equities research analysts expect that AppFolio, Inc. will post 3.23 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. American International Group Inc. grew its position in shares of AppFolio by 280.7% during the first quarter. American International Group Inc. now owns 36,367 shares of the software maker’s stock worth $8,973,000 after acquiring an additional 26,815 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in AppFolio by 223.5% during the 1st quarter. Ameritas Investment Partners Inc. now owns 6,434 shares of the software maker’s stock valued at $1,588,000 after acquiring an additional 4,445 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of AppFolio during the first quarter worth approximately $839,000. Lazard Asset Management LLC lifted its holdings in shares of AppFolio by 750.5% during the first quarter. Lazard Asset Management LLC now owns 9,211 shares of the software maker’s stock worth $2,271,000 after purchasing an additional 8,128 shares during the period. Finally, M&G Plc purchased a new position in AppFolio in the 1st quarter valued at $8,887,000. Institutional investors and hedge funds own 62.34% of the company’s stock.

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.