AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 200 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $232.18, for a total transaction of $46,436.00. Following the completion of the transaction, the insider now directly owns 18,922 shares of the company’s stock, valued at approximately $4,393,309.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
AppFolio Price Performance
Shares of NASDAQ APPF opened at $233.79 on Friday. The business has a 50-day moving average of $230.66 and a two-hundred day moving average of $233.16. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 112.94 and a beta of 0.81. AppFolio, Inc. has a 1 year low of $164.29 and a 1 year high of $274.56.
AppFolio (NASDAQ:APPF – Get Free Report) last posted its earnings results on Thursday, July 25th. The software maker reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.16. The firm had revenue of $197.38 million during the quarter, compared to analysts’ expectations of $190.57 million. AppFolio had a return on equity of 27.39% and a net margin of 17.32%. The firm’s revenue was up 34.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.53) earnings per share. As a group, equities research analysts expect that AppFolio, Inc. will post 3.04 earnings per share for the current year.
Institutional Trading of AppFolio
Wall Street Analysts Forecast Growth
APPF has been the topic of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of AppFolio from $260.00 to $328.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. StockNews.com cut AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. KeyCorp boosted their target price on AppFolio from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. DA Davidson increased 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, Piper Sandler lifted their price objective on AppFolio from $295.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AppFolio currently has a consensus rating of “Moderate Buy” and an average target price of $277.75.
Read Our Latest Stock Report on AppFolio
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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