Rep. Robert Bresnahan, Jr. Sells Off Shares of AppFolio, Inc. (NASDAQ:APPF)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of AppFolio, Inc. NASDAQ: APPF. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in AppFolio stock on January 13th.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
• Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
• Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
• Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
• Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
• Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.

AppFolio Price Performance

Shares of AppFolio stock traded up $2.29 on Wednesday, hitting $214.89. The company had a trading volume of 330,865 shares, compared to its average volume of 290,093. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $274.56. The company has a market cap of $7.82 billion, a PE ratio of 38.72 and a beta of 0.88. The business has a 50-day simple moving average of $244.26 and a 200-day simple moving average of $233.57.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. On average, equities research analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Alexander Wolf bought 9,678 shares of the business's stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $214.81 per share, for a total transaction of $2,078,931.18. Following the completion of the acquisition, the director now directly owns 3,226 shares in the company, valued at approximately $692,977.06. This represents a -150.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Scanlan Agnes Bundy sold 500 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $255.42, for a total value of $127,710.00. Following the completion of the sale, the director now directly owns 5,416 shares of the company's stock, valued at $1,383,354.72. This represents a 8.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,521 shares of company stock worth $2,921,870. Corporate insiders own 5.24% of the company's stock.

Wall Street Analysts Forecast Growth

APPF has been the subject of several research reports. KeyCorp lowered AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price objective for the company. in a research note on Friday, January 10th. 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. William Blair reaffirmed an "outperform" rating on shares of AppFolio in a research note on Friday, January 31st. Finally, Stephens reiterated an "overweight" rating and issued a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $276.29.

Hedge Funds Weigh In On AppFolio

A number of large investors have recently made changes to their positions in APPF. FMR LLC grew its position in AppFolio by 881.2% during the fourth quarter. FMR LLC now owns 597,485 shares of the software maker's stock valued at $147,411,000 after purchasing an additional 536,591 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of AppFolio during the 4th quarter valued at $103,503,000. Norges Bank purchased a new position in shares of AppFolio during the 4th quarter valued at $68,037,000. Lord Abbett & CO. LLC grew its holdings in shares of AppFolio by 82.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 459,285 shares of the software maker's stock valued at $108,116,000 after acquiring an additional 207,204 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of AppFolio by 43.2% in the fourth quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker's stock worth $161,756,000 after acquiring an additional 197,700 shares during the last quarter. Institutional investors and hedge funds own 85.19% of the company's stock.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election. Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.