AppFolio, Inc. (NASDAQ:APPF) Insider Matthew S. Mazza Sells 5,090 Shares

AppFolio, Inc. (NASDAQ:APPF) insider Matthew S. Mazza sold 5,090 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $236.24, for a total value of $1,202,461.60. Following the sale, the insider now directly owns 28,266 shares in the company, valued at $6,677,559.84. This trade represents a 15.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

AppFolio Trading Down 1.4 %

APPF stock traded down $3.34 during mid-day trading on Friday, hitting $230.02. The stock had a trading volume of 187,326 shares, compared to its average volume of 277,433. AppFolio, Inc. has a 1-year low of $164.29 and a 1-year high of $274.56. The company has a fifty day moving average of $221.72 and a 200 day moving average of $231.18. The stock has a market capitalization of $8.36 billion, a price-to-earnings ratio of 64.07 and a beta of 0.83.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.26. The company had revenue of $206.00 million for the quarter, compared to analyst estimates of $199.11 million. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The business’s revenue was up 24.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS. As a group, sell-side analysts expect that AppFolio, Inc. will post 3.23 earnings per share for the current fiscal year.

Institutional Trading of AppFolio

Several large investors have recently made changes to their positions in APPF. Squarepoint Ops LLC boosted its stake in shares of AppFolio by 188.2% during the 2nd quarter. Squarepoint Ops LLC now owns 185,034 shares of the software maker’s stock worth $45,254,000 after acquiring an additional 120,835 shares in the last quarter. Westwind Capital boosted its stake in shares of AppFolio by 301.0% during the 2nd quarter. Westwind Capital now owns 149,240 shares of the software maker’s stock worth $3,650,000 after acquiring an additional 112,024 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of AppFolio by 516.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 109,850 shares of the software maker’s stock worth $26,866,000 after acquiring an additional 92,034 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of AppFolio by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 2,152,626 shares of the software maker’s stock worth $531,139,000 after acquiring an additional 73,965 shares in the last quarter. Finally, FMR LLC boosted its stake in AppFolio by 998.0% during the 3rd quarter. FMR LLC now owns 60,894 shares of the software maker’s stock valued at $14,334,000 after purchasing an additional 55,348 shares during the period. Institutional investors own 62.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. KeyCorp cut their target price on AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Piper Sandler dropped their price target on AppFolio from $300.00 to $265.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Piper Sandler Companies reissued an “overweight” rating and set a $300.00 price target on shares of AppFolio in a research report on Friday, July 26th. DA Davidson upped their price target on AppFolio from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, StockNews.com lowered AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, AppFolio has a consensus rating of “Moderate Buy” and an average target price of $261.75.

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.