Matthew Mazza Sells 1,364 Shares of AppFolio (NASDAQ:APPF) Stock

Key Points

• Matthew Mazza, an insider at AppFolio, sold 1,364 shares of the company at an average price of $280.77, reducing his ownership by 4.87% to approximately 26,651 shares.
• AppFolio's stock increased by 1.5%, reaching $280.22, with a market cap of $10.05 billion and a P/E ratio of 82.91.
• Several analysts have set optimistic price targets for AppFolio, with DA Davidson and Piper Sandler both issuing target prices of $350.00, indicating strong buy sentiments.

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) insider Matthew Mazza sold 1,364 shares of AppFolio stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $280.77, for a total transaction of $382,970.28. Following the completion of the transaction, the insider owned 26,651 shares in the company, valued at approximately $7,482,801.27. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

AppFolio Stock Up 1.5%

NASDAQ:APPF traded up $4.13 during midday trading on Monday, reaching $280.22. The stock had a trading volume of 237,479 shares, compared to its average volume of 236,505. The firm has a fifty day simple moving average of $270.29 and a two-hundred day simple moving average of $236.68. AppFolio, Inc. has a 12-month low of $189.01 and a 12-month high of $326.04. The stock has a market cap of $10.05 billion, a P/E ratio of 82.91 and a beta of 0.89.

AppFolio (NASDAQ:APPF - Get Free Report) last released its earnings results on Thursday, July 31st. The software maker reported $1.38 EPS 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 company had revenue of $235.58 million during the quarter, compared to the consensus estimate of $230.10 million. During the same quarter last year, the company earned $1.12 earnings per share. AppFolio's quarterly revenue was up 19.4% compared to the same quarter last year. AppFolio has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. DA Davidson reissued a "buy" rating and issued a $350.00 target price on shares of AppFolio in a report on Friday, August 1st. Piper Sandler raised 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 report on Friday, August 1st. Finally, Keefe, Bruyette & Woods lifted their price target on AppFolio from $295.00 to $311.00 and gave the stock a "market perform" rating in a research note on Wednesday, September 3rd. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, AppFolio presently has an average rating of "Moderate Buy" and a consensus price target of $311.80.

Institutional Trading of AppFolio

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC increased its position in AppFolio by 3.6% during the 2nd 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 position in AppFolio by 0.5% during the 2nd 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 purchasing an additional 44 shares in the last quarter. Woodline Partners LP increased 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 purchasing an additional 50 shares in the last quarter. Fifth Third Bancorp increased its position 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 purchasing an additional 62 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in 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 buying an additional 67 shares during the period. 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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