Insider Selling: AppFolio, Inc. (NASDAQ:APPF) CEO Sells $760,662.27 in Stock

AppFolio, Inc. (NASDAQ:APPF) CEO William Shane Trigg sold 3,501 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total value of $760,662.27. Following the completion of the transaction, the chief executive officer now directly owns 83,824 shares of the company’s stock, valued at approximately $18,212,440.48. The trade was a 4.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

William Shane Trigg also recently made the following trade(s):

• On Friday, December 6th, William Shane Trigg sold 4,145 shares of AppFolio stock. The stock was sold at an average price of $263.32, for a total value of $1,091,461.40.

AppFolio Stock Down 2.1 %

Shares of APPF stock opened at $211.66 on Friday. The stock has a 50-day simple moving average of $242.36 and a 200 day simple moving average of $233.68. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56. The stock has a market capitalization of $7.70 billion, a P/E ratio of 38.14 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. On average, sell-side analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Analysts Set New Price Targets

APPF has been the subject of several recent analyst reports. Stephens reissued an “overweight” rating and issued a $295.00 price target on shares of AppFolio in a research note on Friday, January 31st. William Blair reissued an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Piper Sandler reissued a “neutral” rating and issued a $265.00 price target on shares of AppFolio in a research note on Friday, January 31st. Finally, KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a research note on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $276.29.

Hedge Funds Weigh In On AppFolio

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of AppFolio in the 4th quarter valued at $103,503,000. Cache Advisors LLC acquired a new position in shares of AppFolio in the 4th quarter valued at $218,000. Focus Partners Advisor Solutions LLC acquired a new position in shares of AppFolio in the 4th quarter valued at $227,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in AppFolio by 0.4% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 118,219 shares of the software maker’s stock worth $29,167,000 after acquiring an additional 502 shares in the last quarter. Finally, Vident Advisory LLC increased its holdings in shares of AppFolio by 32.9% in the 4th quarter. Vident Advisory LLC now owns 6,846 shares of the software maker’s stock valued at $1,689,000 after purchasing an additional 1,696 shares during the period. Institutional investors and hedge funds 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.