AppFolio, Inc. (NASDAQ:APPF) Major Shareholder Maurice J. Duca Sells 60 Shares

AppFolio, Inc. (NASDAQ:APPF) major shareholder Maurice J. Duca sold 60 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $254.48, for a total value of $15,268.80. Following the transaction, the insider now owns 5 shares of the company’s stock, valued at $1,272.40. This trade represents a 92.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

AppFolio Stock Down 0.2 %

Shares of NASDAQ:APPF opened at $254.82 on Thursday. AppFolio, Inc. has a twelve month low of $164.29 and a twelve month high of $274.56. The stock’s 50 day moving average is $223.87 and its 200-day moving average is $230.91. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of 70.98 and a beta of 0.83.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.26. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The business had revenue of $206.00 million during the quarter, compared to analyst estimates of $199.11 million. During the same quarter in the previous year, the business posted $0.26 EPS. AppFolio’s quarterly revenue was up 24.5% on a year-over-year basis. Equities research analysts anticipate that AppFolio, Inc. will post 3.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AppFolio

Several institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in AppFolio by 85.7% during the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after acquiring an additional 54 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of AppFolio by 589.5% in the second quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock valued at $32,000 after purchasing an additional 112 shares during the last quarter. CWM LLC lifted its position in shares of AppFolio by 238.6% during the second quarter. CWM LLC now owns 149 shares of the software maker’s stock valued at $36,000 after purchasing an additional 105 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of AppFolio by 291.3% during the first 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 holdings in AppFolio by 688.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock worth $52,000 after purchasing an additional 186 shares during the last quarter. Institutional investors own 62.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. KeyCorp dropped their price objective on AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. StockNews.com lowered AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Keefe, Bruyette & Woods cut AppFolio from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. Finally, Piper Sandler lowered their price objective on shares of AppFolio from $300.00 to $265.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, AppFolio has an average rating of “Moderate Buy” and a consensus price target of $261.75.

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.