Matthew S. Mazza Sells 926 Shares of AppFolio, Inc. (NASDAQ:APPF) Stock

AppFolio, Inc. (NASDAQ:APPF) insider Matthew S. Mazza sold 926 shares of the stock in a transaction on Monday, November 11th. The stock was sold at an average price of $229.04, for a total value of $212,091.04. Following the transaction, the insider now directly owns 33,819 shares in the company, valued at approximately $7,745,903.76. This represents a 2.67 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

AppFolio Trading Down 0.4 %

Shares of NASDAQ APPF opened at $233.36 on Friday. The stock has a fifty day moving average price of $221.72 and a 200 day moving average price of $231.18. The company has a market cap of $8.48 billion, a P/E ratio of 65.00 and a beta of 0.83. AppFolio, Inc. has a 12-month low of $164.29 and a 12-month high of $274.56.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.26. The company had revenue of $206.00 million during 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 company’s revenue was up 24.5% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. On average, sell-side analysts forecast that AppFolio, Inc. will post 3.23 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on APPF shares. StockNews.com lowered AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Piper Sandler cut their target price on AppFolio from $300.00 to $265.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. KeyCorp cut their target price on AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Keefe, Bruyette & Woods lowered AppFolio from a “market perform” rating to an “underperform” rating and cut their target price for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. Finally, Piper Sandler Companies reaffirmed an “overweight” rating and issued a $300.00 target price on shares of AppFolio in a research report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, AppFolio has a consensus rating of “Moderate Buy” and an average target price of $261.75.

Institutional Trading of AppFolio

Several large investors have recently modified their holdings of APPF. Squarepoint Ops LLC grew its stake in shares of AppFolio by 188.2% during the second quarter. Squarepoint Ops LLC now owns 185,034 shares of the software maker’s stock valued at $45,254,000 after acquiring an additional 120,835 shares in the last quarter. Westwind Capital grew its stake in AppFolio by 301.0% in the second quarter. Westwind Capital now owns 149,240 shares of the software maker’s stock worth $3,650,000 after purchasing an additional 112,024 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in AppFolio by 516.6% in the second quarter. Los Angeles Capital Management LLC now owns 109,850 shares of the software maker’s stock worth $26,866,000 after purchasing an additional 92,034 shares in the last quarter. Vanguard Group Inc. grew its stake in AppFolio by 3.6% in the first quarter. Vanguard Group Inc. now owns 2,152,626 shares of the software maker’s stock worth $531,139,000 after purchasing an additional 73,965 shares in the last quarter. Finally, FMR LLC grew its stake in AppFolio by 998.0% in the third quarter. FMR LLC now owns 60,894 shares of the software maker’s stock worth $14,334,000 after purchasing an additional 55,348 shares in the last quarter. 62.34% of the stock is currently owned by institutional investors and hedge funds.

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.