William Shane Trigg Sells 3,012 Shares of AppFolio (NASDAQ:APPF) Stock

Key Points

• CEO William Shane Trigg sold 3,012 shares of AppFolio stock for approximately $798,119.76, reducing his ownership by 4.52%.
• AppFolio posted a quarterly earnings per share (EPS) of $1.38, exceeding estimates, with revenues of $235.58 million—up 19.4% year-over-year.
• Analysts have upgraded AppFolio's ratings, with target prices ranging as high as $350.00 and a consensus rating of "Moderate Buy".

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) CEO William Shane Trigg sold 3,012 shares of the stock in a transaction on Friday, August 15th. The shares were sold at an average price of $264.98, for a total transaction of $798,119.76. Following the completion of the sale, the chief executive officer owned 63,556 shares of the company's stock, valued at approximately $16,841,068.88. This represents a 4.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

AppFolio Price Performance

AppFolio stock traded up $0.83 during midday trading on Tuesday, hitting $269.93. The company's stock had a trading volume of 267,232 shares, compared to its average volume of 426,386. AppFolio, Inc. has a 1-year low of $189.01 and a 1-year high of $326.04. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 48.72 and a beta of 0.95. The company has a 50-day moving average price of $252.87 and a two-hundred day moving average price of $229.33.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $1.38 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.11. The company had revenue of $235.58 million for 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 company's quarterly revenue was up 19.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.12 EPS. AppFolio has set its FY 2025 guidance at EPS. Sell-side analysts forecast that AppFolio, Inc. will post 3.96 EPS for the current year.

Wall Street Analysts Forecast Growth

APPF has been the subject of several recent analyst reports. Piper Sandler raised shares of AppFolio from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $240.00 to $350.00 in a research note on Friday, August 1st. DA Davidson restated a "buy" rating and issued a $350.00 price objective on shares of AppFolio in a report on Friday, August 1st. Finally, Keefe, Bruyette & Woods raised shares of AppFolio from an "underperform" rating to a "market perform" rating and increased their price objective for the company from $205.00 to $267.00 in a research report on Thursday, July 31st. Four investment 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, AppFolio presently has a consensus rating of "Moderate Buy" and an average price target of $303.00.

Institutional Investors Weigh In On AppFolio

A number of large investors have recently modified their holdings of APPF. Colonial Trust Co SC purchased a new stake in AppFolio in the 4th quarter worth approximately $28,000. Fifth Third Bancorp raised its stake in shares of 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 buying an additional 62 shares during the period. Huntington National Bank raised its stake in shares of AppFolio by 58.7% during the 2nd quarter. Huntington National Bank now owns 200 shares of the software maker's stock worth $46,000 after buying an additional 74 shares during the period. Versant Capital Management Inc raised its stake in shares of AppFolio by 4,975.0% during the 1st quarter. Versant Capital Management Inc now owns 203 shares of the software maker's stock worth $45,000 after buying an additional 199 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of AppFolio during the 2nd quarter worth approximately $52,000. Hedge funds and other institutional investors own 85.19% of the company's stock.

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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