AppFolio, Inc. (NASDAQ:APPF) CEO Sells $760,662.27 in Stock

AppFolio, Inc. (NASDAQ:APPF) CEO William Shane Trigg sold 3,501 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the transaction, the chief executive officer now directly owns 83,824 shares of the company’s stock, valued at $18,212,440.48. The trade was a 4.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, December 6th, William Shane Trigg sold 4,145 shares of AppFolio stock. The shares were sold at an average price of $263.32, for a total transaction of $1,091,461.40.

AppFolio Stock Performance

APPF stock opened at $211.66 on Friday. AppFolio, Inc. has a one year low of $189.01 and a one year high of $274.56. The company’s fifty day moving average price is $242.36 and its 200-day moving average price is $233.50. The company has a market capitalization of $7.70 billion, a PE ratio of 38.14 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last released its earnings results on Thursday, January 30th. The software maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. On average, research analysts predict that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on APPF shares. Stephens restated an “overweight” rating and set a $295.00 target price on shares of AppFolio in a research report on Friday, January 31st. KeyCorp lowered shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a research report on Friday, January 10th. Piper Sandler restated a “neutral” rating and set a $265.00 target price on shares of AppFolio in a research report on Friday, January 31st. Finally, William Blair restated an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, AppFolio currently has an average rating of “Hold” and an average price target of $276.29.

Hedge Funds Weigh In On AppFolio

Hedge funds have recently modified their holdings of the stock. Tidal Investments LLC raised its stake in AppFolio by 2.9% during the third 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 in the last quarter. Exchange Traded Concepts LLC raised its stake in AppFolio by 6.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock valued at $158,000 after purchasing an additional 40 shares in the last quarter. Independent Advisor Alliance raised its stake in AppFolio by 2.1% during the fourth quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker’s stock valued at $643,000 after purchasing an additional 53 shares in the last quarter. Blue Trust Inc. raised its stake in 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 purchasing an additional 54 shares in the last quarter. Finally, Treasurer of the State of North Carolina raised its stake in AppFolio by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 9,960 shares of the software maker’s stock valued at $2,457,000 after purchasing an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 85.19% of the company’s stock.

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.