AppFolio, Inc. (NASDAQ:APPF - Get Free Report) CEO William Shane Trigg sold 4,000 shares of AppFolio stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $276.95, for a total transaction of $1,107,800.00. Following the completion of the transaction, the chief executive officer owned 59,556 shares in the company, valued at approximately $16,494,034.20. The trade was a 6.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
William Shane Trigg also recently made the following trade(s):
- On Friday, August 15th, William Shane Trigg sold 3,012 shares of AppFolio stock. The stock was sold at an average price of $264.98, for a total transaction of $798,119.76.
AppFolio Price Performance
Shares of NASDAQ:APPF traded up $1.68 during midday trading on Friday, hitting $281.57. The company had a trading volume of 346,057 shares, compared to its average volume of 223,413. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $326.04. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 50.83 and a beta of 0.89. The company has a fifty day moving average of $273.92 and a two-hundred day moving average of $238.57.
AppFolio (NASDAQ:APPF - Get Free Report) last announced its earnings results on Thursday, July 31st. The software maker reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.11. The firm had revenue of $235.58 million for the quarter, compared to analysts' expectations of $230.10 million. AppFolio had a net margin of 23.54% and a return on equity of 26.32%. The business's revenue was up 19.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 EPS. AppFolio has set its FY 2025 guidance at EPS. Research analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on APPF. Piper Sandler raised shares of AppFolio from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $240.00 to $350.00 in a research report on Friday, August 1st. DA Davidson restated a "buy" rating and set a $350.00 price target on shares of AppFolio in a research note on Friday, August 1st. Finally, Keefe, Bruyette & Woods upped their target price on AppFolio from $295.00 to $311.00 and gave the company a "market perform" rating in a report on Wednesday, September 3rd. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $311.80.
Read Our Latest Research Report on APPF
Hedge Funds Weigh In On AppFolio
Hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC raised its position in AppFolio by 3.6% during the second quarter. ProShare Advisors LLC now owns 1,078 shares of the software maker's stock valued at $248,000 after buying an additional 37 shares during the period. State of New Jersey Common Pension Fund D raised its holdings in AppFolio by 0.5% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 9,041 shares of the software maker's stock valued at $2,082,000 after acquiring an additional 44 shares in the last quarter. Woodline Partners LP grew its position in AppFolio by 2.9% during the 1st quarter. Woodline Partners LP now owns 1,754 shares of the software maker's stock worth $386,000 after acquiring an additional 50 shares during the last quarter. Fifth Third Bancorp lifted its holdings in AppFolio by 53.0% during the 1st quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock worth $39,000 after buying an additional 62 shares in the last quarter. Finally, Tidal Investments LLC lifted its stake in shares of AppFolio by 4.7% in the 4th quarter. Tidal Investments LLC now owns 1,492 shares of the software maker's stock valued at $368,000 after purchasing an additional 67 shares during the period. 85.19% of the stock is currently owned by institutional investors and hedge funds.
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.
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