Insider Selling: AppFolio, Inc. (NASDAQ:APPF) Insider Sells 926 Shares of Stock

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) insider Matthew S. Mazza sold 926 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $229.04, for a total transaction of $212,091.04. Following the completion of the transaction, the insider now directly owns 33,819 shares in the company, valued at approximately $7,745,903.76. This 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 accessible through this hyperlink.

AppFolio Stock Performance

Shares of NASDAQ APPF traded down $0.96 during trading hours on Wednesday, hitting $234.30. 114,030 shares of the stock were exchanged, compared to its average volume of 278,283. The company's fifty day simple moving average is $221.46 and its two-hundred day simple moving average is $231.14. The company has a market cap of $8.51 billion, a PE ratio of 65.92 and a beta of 0.83. 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 issued its earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.26. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The firm had revenue of $206.00 million for the quarter, compared to the consensus estimate of $199.11 million. During the same quarter last year, the business posted $0.26 EPS. The company's revenue was up 24.5% compared to the same quarter last year. As a group, sell-side analysts expect that AppFolio, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on APPF. JPMorgan Chase & Co. upped their price objective on AppFolio from $260.00 to $328.00 and gave the company an "overweight" rating in a report on Wednesday, July 17th. KeyCorp lowered their price target on shares of AppFolio from $300.00 to $252.00 and set an "overweight" rating on the stock in a research report on Friday, October 25th. DA Davidson boosted their price objective on shares of AppFolio from $285.00 to $300.00 and gave the company a "buy" rating in a report on Friday, July 26th. Piper Sandler Companies restated an "overweight" rating and set a $300.00 target price on shares of AppFolio in a research report on Friday, July 26th. Finally, StockNews.com downgraded shares of AppFolio from a "buy" rating to a "hold" rating in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $261.75.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in AppFolio by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 2,152,626 shares of the software maker's stock worth $531,139,000 after acquiring an additional 73,965 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in AppFolio by 13.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 241,801 shares of the software maker's stock valued at $59,137,000 after buying an additional 28,673 shares during the last quarter. Driehaus Capital Management LLC grew its holdings in AppFolio by 16.7% during the 2nd quarter. Driehaus Capital Management LLC now owns 227,632 shares of the software maker's stock worth $55,672,000 after acquiring an additional 32,633 shares during the last quarter. Squarepoint Ops LLC raised its stake in shares of AppFolio by 188.2% during the second quarter. Squarepoint Ops LLC now owns 185,034 shares of the software maker's stock valued at $45,254,000 after acquiring an additional 120,835 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of AppFolio by 16.1% in the third quarter. Principal Financial Group Inc. now owns 177,831 shares of the software maker's stock worth $41,861,000 after purchasing an additional 24,697 shares during the last quarter. Institutional investors own 62.34% 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.