AppFolio, Inc. (NASDAQ:APPF) Insider Matthew S. Mazza Sells 700 Shares of Stock

AppFolio, Inc. (NASDAQ:APPF) insider Matthew S. Mazza sold 700 shares of the firm’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $255.50, for a total value of $178,850.00. Following the completion of the sale, the insider now directly owns 27,566 shares of the company’s stock, valued at approximately $7,043,113. This trade represents a 2.48 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

AppFolio Stock Performance

APPF stock opened at $263.55 on Friday. The stock’s 50 day moving average price is $230.30 and its 200 day moving average price is $232.57. The firm has a market cap of $9.57 billion, a P/E ratio of 73.41 and a beta of 0.86. AppFolio, Inc. has a 1 year low of $164.29 and a 1 year high of $274.56.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.26. The business had revenue of $206.00 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business earned $0.26 earnings per share. On average, research analysts predict that AppFolio, Inc. will post 3.23 earnings per share for the current year.

Institutional Investors Weigh In On AppFolio

Hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. increased its stake in AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after purchasing an additional 54 shares during the last quarter. CWM LLC grew its holdings in AppFolio by 238.6% in the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock valued at $36,000 after buying an additional 105 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of AppFolio by 688.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock valued at $52,000 after acquiring an additional 186 shares during the last quarter. Quarry LP increased its stake in shares of AppFolio by 147.9% during the 2nd quarter. Quarry LP now owns 238 shares of the software maker’s stock valued at $58,000 after acquiring an additional 142 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in shares of AppFolio during the 3rd quarter worth about $79,000. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

APPF has been the subject of several recent analyst reports. StockNews.com cut shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Piper Sandler reduced their price target on shares of AppFolio from $300.00 to $265.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Keefe, Bruyette & Woods cut AppFolio from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. Finally, KeyCorp reduced their price objective on AppFolio from $300.00 to $252.00 and set an “overweight” rating for the company in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $261.75.

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.