Elizabeth Erin Barat Sells 4,682 Shares of AppFolio, Inc. (NASDAQ:APPF) Stock

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) insider Elizabeth Erin Barat sold 4,682 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $227.79, for a total value of $1,066,512.78. Following the completion of the transaction, the insider now directly owns 17,926 shares in the company, valued at $4,083,363.54. This trade represents a 20.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

AppFolio Trading Down 0.6%

Shares of APPF traded down $1.45 during midday trading on Friday, reaching $225.57. 401,237 shares of the stock were exchanged, compared to its average volume of 274,716. The company has a market capitalization of $8.13 billion, a P/E ratio of 40.64 and a beta of 0.87. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $274.56. The company's 50 day moving average is $215.46 and its two-hundred day moving average is $229.48.

AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The software maker reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $1.23 by ($0.02). The business had revenue of $217.70 million during the quarter, compared to analysts' expectations of $220.95 million. AppFolio had a return on equity of 26.21% and a net margin of 25.69%. The firm's revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $1.05 earnings per share. On average, sell-side analysts expect that AppFolio, Inc. will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

APPF has been the subject of a number of recent analyst reports. Piper Sandler reissued a "neutral" rating and set a $265.00 target price on shares of AppFolio in a research note on Wednesday, April 23rd. Keefe, Bruyette & Woods decreased their price objective on shares of AppFolio from $210.00 to $205.00 and set an "underweight" rating for the company in a report on Friday, April 25th. Finally, DA Davidson raised shares of AppFolio to a "strong-buy" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $274.43.

Institutional Investors Weigh In On AppFolio

Several hedge funds have recently modified their holdings of APPF. Vanguard Group Inc. raised its stake in AppFolio by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker's stock worth $615,696,000 after buying an additional 91,174 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of AppFolio by 84.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 773,579 shares of the software maker's stock valued at $170,110,000 after acquiring an additional 354,061 shares during the period. AQR Capital Management LLC increased its holdings in shares of AppFolio by 43.2% in the 4th quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker's stock valued at $161,756,000 after acquiring an additional 197,700 shares during the period. FMR LLC raised its position in shares of AppFolio by 881.2% in the 4th quarter. FMR LLC now owns 597,485 shares of the software maker's stock worth $147,411,000 after acquiring an additional 536,591 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its stake in shares of AppFolio by 4.7% during the 4th quarter. Gilder Gagnon Howe & Co. LLC now owns 572,917 shares of the software maker's stock worth $141,350,000 after purchasing an additional 25,566 shares during the last quarter. Hedge funds and other institutional investors own 85.19% 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.

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