Scanlan Agnes Bundy Sells 500 Shares of AppFolio, Inc. (NASDAQ:APPF) Stock

AppFolio, Inc. (NASDAQ:APPF) Director Scanlan Agnes Bundy sold 500 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $255.42, for a total value of $127,710.00. Following the sale, the director now owns 5,416 shares in the company, valued at $1,383,354.72. The trade was a 8.45 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AppFolio Trading Up 0.4 %

NASDAQ APPF opened at $269.26 on Friday. AppFolio, Inc. has a 12 month low of $164.29 and a 12 month high of $274.56. The stock has a 50 day moving average of $227.44 and a 200-day moving average of $231.76. The company has a market cap of $9.78 billion, a PE ratio of 75.00 and a beta of 0.86.

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. The firm had revenue of $206.00 million during the quarter, compared to analysts’ expectations of $199.11 million. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. The company’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 earnings per share. As a group, sell-side analysts predict that AppFolio, Inc. will post 3.23 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On AppFolio

Institutional investors have recently bought and sold shares of the business. Squarepoint Ops LLC lifted its holdings in AppFolio by 188.2% during the 2nd quarter. Squarepoint Ops LLC now owns 185,034 shares of the software maker’s stock valued at $45,254,000 after purchasing an additional 120,835 shares during the last quarter. Westwind Capital boosted its holdings in shares of AppFolio by 301.0% during the 2nd quarter. Westwind Capital now owns 149,240 shares of the software maker’s stock worth $3,650,000 after buying an additional 112,024 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of AppFolio by 516.6% during the 2nd quarter. Los Angeles Capital Management LLC now owns 109,850 shares of the software maker’s stock worth $26,866,000 after buying an additional 92,034 shares during the period. FMR LLC grew its stake in AppFolio by 998.0% in the 3rd quarter. FMR LLC now owns 60,894 shares of the software maker’s stock valued at $14,334,000 after buying an additional 55,348 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in AppFolio by 31.2% in the 3rd quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker’s stock valued at $51,800,000 after acquiring an additional 54,386 shares during the period. Institutional investors and hedge funds 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.