AppFolio, Inc. (NASDAQ:APPF - Get Free Report) insider Matthew Mazza sold 1,636 shares of the business'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 value of $453,139.28. Following the completion of the sale, the insider owned 25,015 shares of the company's stock, valued at $6,928,654.70. The trade was a 6.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
AppFolio Trading Up 1.5%
APPF stock traded up $4.13 during midday trading on Monday, hitting $280.22. The company had a trading volume of 237,479 shares, compared to its average volume of 236,505. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $326.04. The stock's 50 day moving average price is $270.29 and its 200 day moving average price is $236.68. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 82.91 and a beta of 0.89.
AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $1.38 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $230.10 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The business's revenue was up 19.4% on a year-over-year basis. AppFolio has set its FY 2025 guidance at EPS. Analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.
Hedge Funds Weigh In On AppFolio
A number of institutional investors have recently added to or reduced their stakes in the company. ProShare Advisors LLC raised its holdings in AppFolio by 3.6% in the second quarter. ProShare Advisors LLC now owns 1,078 shares of the software maker's stock worth $248,000 after purchasing an additional 37 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of AppFolio by 0.5% during the second 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 increased its holdings in shares of AppFolio by 2.9% during the first quarter. Woodline Partners LP now owns 1,754 shares of the software maker's stock valued at $386,000 after acquiring an additional 50 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of AppFolio by 53.0% during the first quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock valued at $39,000 after acquiring an additional 62 shares in the last quarter. Finally, Tidal Investments LLC increased 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 acquiring an additional 67 shares in the last quarter. Institutional investors own 85.19% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on APPF. Keefe, Bruyette & Woods boosted their target price on AppFolio from $295.00 to $311.00 and gave the company a "market perform" rating in a research note on Wednesday, September 3rd. Piper Sandler raised AppFolio from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $240.00 to $350.00 in a research note on Friday, August 1st. Finally, DA Davidson reissued a "buy" rating and set a $350.00 target price on shares of AppFolio in a research note on Friday, August 1st. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, AppFolio currently has a consensus rating of "Moderate Buy" and a consensus target price of $311.80.
Check Out Our Latest Stock Report on AppFolio
AppFolio Company Profile
(
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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