AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 3,205 shares of the firm’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $239.22, for a total value of $766,700.10. Following the completion of the sale, the insider now directly owns 31,643 shares of the company’s stock, valued at approximately $7,569,638.46. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
AppFolio Trading Down 1.7 %
Shares of NASDAQ APPF opened at $244.57 on Friday. The company has a 50 day simple moving average of $235.25 and a two-hundred day simple moving average of $219.78. The stock has a market cap of $8.86 billion, a price-to-earnings ratio of 118.15 and a beta of 0.80. AppFolio, Inc. has a 12 month low of $164.29 and a 12 month high of $256.73.
AppFolio (NASDAQ:APPF – Get Free Report) last posted its earnings results on Thursday, April 25th. The software maker reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.09. The company had revenue of $187.43 million during the quarter, compared to the consensus estimate of $173.66 million. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. Analysts forecast that AppFolio, Inc. will post 2.85 EPS for the current year.
Institutional Trading of AppFolio
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. KeyCorp increased their price target on AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Stephens reiterated an “overweight” rating and issued a $241.00 target price on shares of AppFolio in a research note on Friday, April 26th. Keefe, Bruyette & Woods boosted their target price on shares of AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. Finally, Piper Sandler began coverage on shares of AppFolio in a report on Monday, June 10th. They issued an “overweight” rating and a $295.00 price target for the company. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $248.71.
Read Our Latest Report on AppFolio
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.
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