AppFolio, Inc. (NASDAQ:APPF) Major Shareholder Sells $270,000.00 in Stock

AppFolio, Inc. (NASDAQ:APPF) major shareholder Klaus Schauser sold 1,000 shares of the company’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $270.00, for a total value of $270,000.00. Following the completion of the transaction, the insider now owns 403,000 shares in the company, valued at $108,810,000. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Klaus Schauser also recently made the following trade(s):

• On Friday, July 12th, Klaus Schauser sold 1,000 shares of AppFolio stock. The stock was sold at an average price of $260.00, for a total value of $260,000.00.

AppFolio Price Performance

APPF opened at $230.95 on Friday. AppFolio, Inc. has a 1 year low of $164.29 and a 1 year high of $274.56. The stock’s 50 day simple moving average is $242.53 and its 200 day simple moving average is $230.78. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 111.57 and a beta of 0.80.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data on Thursday, April 25th. The software maker reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.09. AppFolio had a return on equity of 13.51% and a net margin of 11.38%. The business had revenue of $187.43 million during the quarter, compared to analysts’ expectations of $173.66 million. As a group, sell-side analysts anticipate that AppFolio, Inc. will post 2.85 EPS for the current year.

Wall Street Analyst Weigh In

APPF has been the topic of several recent research reports. DA Davidson increased their price objective on AppFolio from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com upgraded AppFolio from a “hold” rating to a “buy” rating in a research report on Friday. Piper Sandler increased their price objective on AppFolio from $295.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday. JPMorgan Chase & Co. increased their price objective on AppFolio from $260.00 to $328.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Finally, Keefe, Bruyette & Woods raised their price target on AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a research report on Friday, April 26th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, AppFolio has an average rating of “Moderate Buy” and a consensus target price of $277.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Zeno Equity Partners LLP purchased a new position in shares of AppFolio in the 4th quarter valued at approximately $30,000. GAMMA Investing LLC lifted its stake in shares of AppFolio by 589.5% in the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock valued at $32,000 after purchasing an additional 112 shares during the period. CWM LLC lifted its stake in shares of AppFolio by 238.6% in the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock valued at $36,000 after purchasing an additional 105 shares during the period. Advisors Asset Management Inc. raised its stake in AppFolio by 291.3% during the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock valued at $44,000 after buying an additional 134 shares during the last quarter. Finally, USA Financial Formulas purchased a new position in AppFolio during the fourth quarter valued at $59,000. Hedge funds and other institutional investors own 62.34% 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.