AppFolio, Inc. (NASDAQ:APPF) Major Shareholder Maurice J. Duca Sells 2,510 Shares

AppFolio, Inc. (NASDAQ:APPF) major shareholder Maurice J. Duca sold 2,510 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $229.21, for a total value of $575,317.10. Following the completion of the sale, the insider now owns 2,459 shares in the company, valued at approximately $563,627.39. The trade was a 50.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

AppFolio Stock Up 2.4 %

AppFolio stock opened at $242.39 on Friday. The firm has a market cap of $8.81 billion, a P/E ratio of 67.52 and a beta of 0.83. The business has a fifty day moving average of $222.54 and a two-hundred day moving average of $231.07. AppFolio, Inc. has a twelve month low of $164.29 and a twelve month high of $274.56.

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

Institutional Trading of AppFolio

Institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC boosted its stake in AppFolio by 188.2% in 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 boosted its position in shares of AppFolio by 301.0% in the 2nd 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% during the 2nd quarter. Los Angeles Capital Management LLC now owns 109,850 shares of the software maker’s stock worth $26,866,000 after buying an additional 92,034 shares during the last quarter. Vanguard Group Inc. grew its stake in AppFolio by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 2,152,626 shares of the software maker’s stock worth $531,139,000 after buying an additional 73,965 shares during the last quarter. Finally, FMR LLC increased its position in AppFolio by 998.0% during the 3rd quarter. FMR LLC now owns 60,894 shares of the software maker’s stock valued at $14,334,000 after buying an additional 55,348 shares in the last quarter. 62.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.