AppFolio (NASDAQ:APPF) CEO Sells $1,107,800.00 in Stock

Key Points

• AppFolio CEO William Shane Trigg sold 4,000 shares of stock for a total of $1,107,800, resulting in a 6.29% decrease in his ownership stake.
• Despite the CEO's stock sale, AppFolio's share price rose by 1.5%, reaching $280.22 during trading hours.
• AppFolio reported a 19.4% increase in revenue compared to the previous year, with earnings surpassing analyst expectations at $1.38 EPS for the last quarter.

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) CEO William Shane Trigg sold 4,000 shares of the stock in a transaction that occurred on Wednesday, September 10th. The stock was sold at an average price of $276.95, for a total value of $1,107,800.00. Following the sale, the chief executive officer directly owned 59,556 shares in the company, valued at $16,494,034.20. This represents a 6.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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 value of $798,119.76.

AppFolio Stock Up 1.5%

Shares of APPF stock traded up $4.13 during trading hours on Monday, reaching $280.22. The company's stock had a trading volume of 237,479 shares, compared to its average volume of 311,023. The firm's 50 day simple moving average is $270.29 and its 200-day simple moving average is $236.68. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of 50.58 and a beta of 0.89. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $326.04.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its earnings results on Thursday, July 31st. The software maker reported $1.38 earnings per share for the quarter, beating analysts' consensus estimates of $1.27 by $0.11. AppFolio had a return on equity of 26.32% and a net margin of 23.54%.The firm had revenue of $235.58 million for the quarter, compared to the consensus estimate of $230.10 million. During the same quarter last year, the business posted $1.12 EPS. The company's revenue was up 19.4% compared to the same quarter last year. AppFolio has set its FY 2025 guidance at EPS. Sell-side analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Institutional Trading of AppFolio

Several institutional investors have recently added to or reduced their stakes in APPF. ProShare Advisors LLC raised its stake in shares of 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 acquiring an additional 37 shares during the last quarter. State of New Jersey Common Pension Fund D raised its stake in AppFolio by 0.5% in the second quarter. State of New Jersey Common Pension Fund D now owns 9,041 shares of the software maker's stock worth $2,082,000 after buying an additional 44 shares in the last quarter. Woodline Partners LP grew its holdings in AppFolio by 2.9% in the first quarter. Woodline Partners LP now owns 1,754 shares of the software maker's stock worth $386,000 after purchasing an additional 50 shares during the period. Fifth Third Bancorp grew its holdings in AppFolio by 53.0% in the first quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock worth $39,000 after purchasing an additional 62 shares during the period. Finally, Tidal Investments LLC grew its holdings in shares of AppFolio by 4.7% during the fourth quarter. Tidal Investments LLC now owns 1,492 shares of the software maker's stock valued at $368,000 after buying an additional 67 shares during the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Keefe, Bruyette & Woods raised their target price on AppFolio from $295.00 to $311.00 and gave the stock a "market perform" rating in a research report on Wednesday, September 3rd. DA Davidson restated a "buy" rating and issued a $350.00 target price on shares of AppFolio in a research note on Friday, August 1st. Finally, Piper Sandler upgraded AppFolio from a "neutral" rating to an "overweight" rating and raised their target price for the company from $240.00 to $350.00 in a research note on Friday, August 1st. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $311.80.

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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