Matthew S. Mazza Sells 1,636 Shares of AppFolio (NASDAQ:APPF) Stock

Key Points

• Insider Matthew Mazza sold 1,636 shares of AppFolio at an average price of $276.98, totaling approximately $453,139 and reducing his stake by 6.14%.
• AppFolio reported a quarterly earnings per share of $1.38, exceeding estimates by $0.11, with revenue up 19.4% year-over-year.
• Research firms have upgraded their ratings for AppFolio, with target prices now ranging from $295 to $350, indicating a consensus rating of "Moderate Buy".

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) insider Matthew S. Mazza sold 1,636 shares of the firm's stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $276.98, for a total transaction of $453,139.28. Following the completion of the transaction, the insider owned 25,015 shares of the company's stock, valued at approximately $6,928,654.70. This trade represents a 6.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

AppFolio Price Performance

NASDAQ APPF traded up $1.68 during trading hours on Friday, reaching $281.57. The company's stock had a trading volume of 346,057 shares, compared to its average volume of 223,413. The firm has a fifty day simple moving average of $273.92 and a 200-day simple moving average of $238.57. The stock has a market cap of $10.09 billion, a P/E ratio of 50.83 and a beta of 0.89. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $326.04.

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

Institutional Trading of AppFolio

Several hedge funds have recently bought and sold shares of APPF. Deutsche Bank AG grew its position in AppFolio by 90.6% in the 4th quarter. Deutsche Bank AG now owns 2,287 shares of the software maker's stock valued at $564,000 after purchasing an additional 1,087 shares during the period. Focus Partners Wealth grew its position in AppFolio by 54.9% in the 4th quarter. Focus Partners Wealth now owns 3,599 shares of the software maker's stock valued at $888,000 after purchasing an additional 1,276 shares during the period. Gotham Asset Management LLC grew its position in AppFolio by 27.7% in the 4th quarter. Gotham Asset Management LLC now owns 3,803 shares of the software maker's stock valued at $938,000 after purchasing an additional 824 shares during the period. Nomura Holdings Inc. acquired a new stake in AppFolio in the 4th quarter valued at $755,000. Finally, Man Group plc grew its position in AppFolio by 38.2% in the 4th quarter. Man Group plc now owns 63,729 shares of the software maker's stock valued at $15,723,000 after purchasing an additional 17,614 shares during the period. Institutional investors and hedge funds own 85.19% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.