AppFolio, Inc. (NASDAQ:APPF) Insider Matthew S. Mazza Sells 700 Shares

AppFolio, Inc. (NASDAQ:APPF) insider Matthew S. Mazza sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $255.50, for a total value of $178,850.00. Following the transaction, the insider now owns 27,566 shares of the company’s stock, valued at approximately $7,043,113. This represents a 2.48 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

AppFolio Stock Performance

Shares of APPF opened at $259.18 on Friday. AppFolio, Inc. has a fifty-two week low of $164.29 and a fifty-two week high of $274.56. The firm’s 50-day simple moving average is $230.94 and its two-hundred day simple moving average is $232.76. The stock has a market cap of $9.42 billion, a PE ratio of 72.20 and a beta of 0.86.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On AppFolio

Several institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC grew its position in AppFolio by 2.9% during the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock valued at $335,000 after purchasing an additional 40 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of AppFolio by 0.9% in the second quarter. Brighton Jones LLC now owns 5,805 shares of the software maker’s stock worth $1,420,000 after buying an additional 49 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of AppFolio by 85.7% during the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after buying an additional 54 shares during the last quarter. Northwest & Ethical Investments L.P. increased its position in shares of AppFolio by 16.0% during the third quarter. Northwest & Ethical Investments L.P. now owns 725 shares of the software maker’s stock valued at $171,000 after acquiring an additional 100 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in AppFolio by 2.9% in the 2nd quarter. ProShare Advisors LLC now owns 3,630 shares of the software maker’s stock worth $888,000 after acquiring an additional 102 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors.

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.