AppFolio (NASDAQ:APPF) Shares Unloaded Rep. Byron Donalds

Representative Byron Donalds (R-Florida) recently sold shares of AppFolio, Inc. NASDAQ: APPF. In a filing disclosed on November 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in AppFolio stock on October 1st. The trade occurred in the Representative's "MORAN WEALTH IRA" account.

Representative Byron Donalds also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of McKesson NYSE: MCK on 10/1/2024.
• Purchased $1,001 - $15,000 in shares of NU NYSE: NU on 10/1/2024.
• Sold $1,001 - $15,000 in shares of Synopsys NASDAQ: SNPS on 10/1/2024.

AppFolio Price Performance

Shares of APPF stock traded down $0.19 during trading hours on Friday, hitting $228.20. 195,392 shares of the company's stock were exchanged, compared to its average volume of 318,012. The stock's 50-day moving average is $221.31 and its 200-day moving average is $230.89. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 63.57 and a beta of 0.83. AppFolio, Inc. has a 52 week low of $164.29 and a 52 week high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings results 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. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The business had revenue of $206.00 million for the quarter, compared to analysts' expectations of $199.11 million. During the same quarter last year, the business earned $0.26 earnings per share. The firm's quarterly revenue was up 24.5% compared to the same quarter last year. Equities research analysts forecast that AppFolio, Inc. will post 3.23 earnings per share for the current fiscal year.

Insider Activity at AppFolio

In other news, insider Matthew S. Mazza sold 2,371 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $221.22, for a total value of $524,512.62. Following the completion of the sale, the insider now directly owns 39,980 shares of the company's stock, valued at $8,844,375.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Matthew S. Mazza sold 2,371 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $221.22, for a total transaction of $524,512.62. Following the completion of the sale, the insider now directly owns 39,980 shares of the company's stock, valued at approximately $8,844,375.60. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.98, for a total value of $766,648.98. Following the sale, the chief executive officer now directly owns 81,699 shares of the company's stock, valued at $17,890,447.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 17,652 shares of company stock worth $4,053,818 in the last 90 days. Corporate insiders own 5.24% of the company's stock.

Analyst Upgrades and Downgrades

APPF has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered AppFolio from a "market perform" rating to an "underperform" rating and dropped their price target for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. 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. JPMorgan Chase & Co. raised their price target on AppFolio from $260.00 to $328.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 17th. StockNews.com lowered AppFolio from a "buy" rating to a "hold" rating in a research report on Thursday, August 22nd. Finally, Piper Sandler Companies reaffirmed an "overweight" rating and set a $300.00 price target on shares of AppFolio in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, AppFolio has a consensus rating of "Moderate Buy" and an average price target of $261.75.

Hedge Funds Weigh In On AppFolio

A number of institutional investors have recently modified their holdings of APPF. Blue Trust Inc. increased its holdings in AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker's stock worth $29,000 after purchasing an additional 54 shares in the last quarter. GAMMA Investing LLC grew its position in shares of AppFolio by 589.5% in the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker's stock valued at $32,000 after buying an additional 112 shares during the last quarter. CWM LLC grew its position in shares of 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 last quarter. Advisors Asset Management Inc. boosted its position in shares of AppFolio by 291.3% during the 1st quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker's stock valued at $44,000 after purchasing an additional 134 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position 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 purchasing an additional 186 shares in the last quarter. Institutional investors and hedge funds own 62.34% of the company's stock.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida's 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2025. Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida's 19th Congressional District. He declared candidacy for the Republican primary scheduled on August 20, 2024. Donalds was a potential 2014 Republican candidate seeking election to the U.S. House to represent the 19th Congressional District of Florida. Donalds filed campaign finance reports with the Federal Election Commission but failed to file a statement of candidacy with the FEC or Florida Division of Elections. He was a 2012 Republican candidate who sought election to the U.S. House to represent the 19th Congressional District of Florida. Donalds was defeated by Trey Radel in the Republican primary on August 14, 2012. Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor's degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

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.