AppFolio, Inc. (NASDAQ:APPF) CEO William Shane Trigg Sells 4,145 Shares

AppFolio, Inc. (NASDAQ:APPF) CEO William Shane Trigg sold 4,145 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $263.32, for a total value of $1,091,461.40. Following the completion of the sale, the chief executive officer now directly owns 73,682 shares of the company’s stock, valued at $19,401,944.24. The trade was a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

William Shane Trigg also recently made the following trade(s):

• On Friday, November 15th, William Shane Trigg sold 3,500 shares of AppFolio stock. The shares were sold at an average price of $229.85, for a total transaction of $804,475.00.

AppFolio Stock Up 1.2 %

Shares of NASDAQ APPF opened at $263.55 on Friday. The firm has a 50-day moving average price of $230.30 and a 200 day moving average price of $232.57. AppFolio, Inc. has a 52 week low of $164.29 and a 52 week high of $274.56. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 73.41 and a beta of 0.86.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 30.64% and a net margin of 17.26%. AppFolio’s revenue was up 24.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. Equities research analysts expect that AppFolio, Inc. will post 3.23 EPS for the current fiscal year.

Institutional Investors Weigh In On AppFolio

Several institutional investors and hedge funds have recently made changes to their positions in the business. State Street Corp raised its position in AppFolio by 8.2% during the third quarter. State Street Corp now owns 653,136 shares of the software maker’s stock worth $153,748,000 after acquiring an additional 49,238 shares during the last quarter. Geode Capital Management LLC lifted its stake in AppFolio by 8.6% in the 3rd quarter. Geode Capital Management LLC now owns 413,032 shares of the software maker’s stock valued at $97,252,000 after buying an additional 32,743 shares in the last quarter. DF Dent & Co. Inc. grew its holdings in AppFolio by 10.1% during the 3rd quarter. DF Dent & Co. Inc. now owns 351,691 shares of the software maker’s stock valued at $82,788,000 after buying an additional 32,181 shares during the last quarter. Bank of New York Mellon Corp increased its position in AppFolio by 13.5% during the second quarter. Bank of New York Mellon Corp now owns 241,801 shares of the software maker’s stock worth $59,137,000 after buying an additional 28,673 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in AppFolio by 31.2% during the third quarter. Franklin Resources Inc. now owns 228,655 shares of the software maker’s stock worth $51,800,000 after buying an additional 54,386 shares in the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com lowered shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Keefe, Bruyette & Woods cut shares of AppFolio from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $255.00 to $193.00 in a research note on Tuesday, October 15th. KeyCorp dropped their price target on shares of AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Finally, Piper Sandler reduced their price objective on shares of AppFolio from $300.00 to $265.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. One investment 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. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price 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.