Matthew S. Mazza Sells 838 Shares of AppFolio, Inc. (NASDAQ:APPF) Stock

AppFolio, Inc. (NASDAQ:APPF) insider Matthew S. Mazza sold 838 shares of AppFolio stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total value of $213,941.40. Following the completion of the transaction, the insider now owns 22,701 shares of the company’s stock, valued at approximately $5,795,565.30. The trade was a 3.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AppFolio Stock Performance

APPF traded up $4.79 during midday trading on Monday, reaching $254.82. 216,078 shares of the company were exchanged, compared to its average volume of 223,436. The stock has a market capitalization of $9.26 billion, a P/E ratio of 70.98 and a beta of 0.87. AppFolio, Inc. has a one year low of $189.01 and a one year high of $274.56. The stock’s 50-day simple moving average is $252.13 and its 200 day simple moving average is $235.78.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, beating the consensus estimate of $1.03 by $0.26. The firm had revenue of $206.00 million during the quarter, compared to the consensus estimate of $199.11 million. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The business’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.26 earnings per share. On average, research analysts anticipate that AppFolio, Inc. will post 3.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

APPF has been the topic of several research analyst reports. Keefe, Bruyette & Woods cut shares of AppFolio from a “market perform” rating to an “underperform” rating and decreased their price target for the company from $255.00 to $193.00 in a research note on Tuesday, October 15th. KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a research note on Friday, January 10th. Finally, Piper Sandler lowered AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 price target on the stock. in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, AppFolio currently has an average rating of “Hold” and a consensus price target of $268.57.

Institutional Trading of AppFolio

Several hedge funds have recently added to or reduced their stakes in APPF. Blue Trust Inc. increased its holdings in AppFolio by 85.7% during 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. UMB Bank n.a. raised its position in AppFolio by 193.0% in the 4th quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock valued at $41,000 after buying an additional 110 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in AppFolio by 688.9% in 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 in the last quarter. Quarry LP grew 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 worth $58,000 after acquiring an additional 142 shares in the last quarter. Finally, True Wealth Design LLC bought a new position in shares of AppFolio during the 3rd quarter worth approximately $79,000. Institutional investors and hedge funds own 85.19% 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.