Rep. Josh Gottheimer Sells AppFolio, Inc. (NASDAQ:APPF) Shares

Representative Josh Gottheimer (D-New Jersey) recently sold shares of AppFolio, Inc. NASDAQ: APPF. In a filing disclosed on November 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in AppFolio stock on October 31st. The trade occurred in the Representative's "MORGAN STANLEY - SELECT UMA ACCOUNT # 1" account.

Representative Josh Gottheimer also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Texas Capital Bancshares NASDAQ: TCBI on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ITT NYSE: ITT on 10/31/2024.
• Sold $1,001 - $15,000 in shares of Stifel Financial NYSE: SF on 10/31/2024.
• Sold $1,001 - $15,000 in shares of ICU Medical NASDAQ: ICUI on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Gates Industrial NYSE: GTES on 10/31/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/29/2024.
• Purchased $1,001 - $15,000 in shares of Techtronic Industries OTCMKTS: TTNDY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 10/28/2024.
• Purchased $1,001 - $15,000 in shares of Enerpac Tool Group NYSE: EPAC on 10/25/2024.
• Purchased $1,001 - $15,000 in shares of Disco OTCMKTS: DSCSY on 10/25/2024.

AppFolio Stock Performance

NASDAQ:APPF traded down $0.19 during mid-day trading on Friday, hitting $228.20. The company had a trading volume of 195,390 shares, compared to its average volume of 279,750. AppFolio, Inc. has a fifty-two week low of $164.29 and a fifty-two week high of $274.56. The business's fifty day moving average is $221.39 and its two-hundred day moving average is $230.79. The firm has a market cap of $8.29 billion, a P/E ratio of 63.62 and a beta of 0.83.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.26. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The company had revenue of $206.00 million during the quarter, compared to the consensus estimate of $199.11 million. During the same period in the prior year, the company earned $0.26 earnings per share. The company's revenue for the quarter was up 24.5% compared to the same quarter last year. Equities analysts forecast that AppFolio, Inc. will post 3.2 earnings per share for the current year.

Insider Buying and Selling at AppFolio

In other AppFolio news, major shareholder Maurice J. Duca sold 1,296 shares of the firm's stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $236.77, for a total value of $306,853.92. Following the completion of the transaction, the insider now directly owns 9,383 shares in the company, valued at $2,221,612.91. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other AppFolio news, major shareholder Maurice J. Duca sold 2,968 shares of the firm's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $234.87, for a total value of $697,094.16. Following the completion of the transaction, the insider now directly owns 24,500 shares in the company, valued at $5,754,315. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Maurice J. Duca sold 1,296 shares of the firm's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $236.77, for a total value of $306,853.92. Following the completion of the transaction, the insider now owns 9,383 shares of the company's stock, valued at approximately $2,221,612.91. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,652 shares of company stock worth $4,053,818 over the last ninety days. 5.24% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on APPF shares. JPMorgan Chase & Co. increased their price target on AppFolio from $260.00 to $328.00 and gave the stock an "overweight" rating in a report on Wednesday, July 17th. Keefe, Bruyette & Woods downgraded 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. Piper Sandler Companies restated an "overweight" rating and issued a $300.00 price target on shares of AppFolio in a report on Friday, July 26th. DA Davidson increased their price target on AppFolio from $285.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, July 26th. Finally, Piper Sandler lowered their price target on AppFolio from $300.00 to $265.00 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 given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, AppFolio presently has an average rating of "Moderate Buy" and a consensus price target of $261.75.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Jennison Associates LLC grew its holdings in shares of AppFolio by 4.6% during the third quarter. Jennison Associates LLC now owns 89,417 shares of the software maker's stock worth $21,049,000 after buying an additional 3,943 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of AppFolio during the third quarter worth about $2,271,000. Quest Partners LLC bought a new position in shares of AppFolio during the third quarter worth about $632,000. Swiss National Bank grew its stake in AppFolio by 2.0% in the third quarter. Swiss National Bank now owns 41,500 shares of the software maker's stock valued at $9,769,000 after purchasing an additional 800 shares in the last quarter. Finally, Claro Advisors LLC bought a new position in AppFolio in the third quarter valued at approximately $252,000. 62.34% of the stock is currently owned by institutional investors.

About Representative Gottheimer

Josh Gottheimer (Democratic Party) is a member of the U.S. House, representing New Jersey's 5th Congressional District. He assumed office on January 3, 2017. His current term ends on January 3, 2025. Gottheimer (Democratic Party) is running for re-election to the U.S. House to represent New Jersey's 5th Congressional District. He declared candidacy for the 2024 election. Gottheimer was first elected to the House in 2016. Prior to his election, Gottheimer worked for Microsoft, the Federal Communications Commission, and for the administration of President Bill Clinton (D). Click here for more information about Gottheimer's career. Gottheimer serves on the House Financial Services Committee, where is a member of three subcommittees. For more on Gottheimer's committee assignments, click here. Gottheimer became a co-chair of the Problem Solvers Caucus in February 2017. Gottheimer attended the University of Pennsylvania for his undergraduate degree. He became a Thouron Fellow at Oxford and attended Harvard Law School. Gottheimer worked as a speech writer under former President Bill Clinton (D), assisting with two State of the Union addresses, among other projects. Before running for Congress, he worked for Microsoft as a general manager for corporate strategy.

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.