Matthew S. Mazza Sells 838 Shares of AppFolio, Inc. (NASDAQ:APPF) Stock

AppFolio, Inc. (NASDAQ:APPF) insider Matthew S. Mazza sold 838 shares of the business’s stock in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total value of $213,941.40. Following the completion of the transaction, the insider now owns 22,701 shares in the company, valued at $5,795,565.30. The trade was a 3.56 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

AppFolio Price Performance

Shares of APPF stock opened at $259.22 on Wednesday. The company’s fifty day simple moving average is $253.26 and its two-hundred day simple moving average is $235.76. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The stock has a market capitalization of $9.42 billion, a price-to-earnings ratio of 72.21 and a beta of 0.87.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on APPF shares. KeyCorp cut shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target on the stock. in a report on Friday, January 10th. Keefe, Bruyette & Woods cut shares of AppFolio from a “market perform” rating to an “underperform” rating and lowered their price target for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. Finally, Piper Sandler cut shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 price target on the stock. in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, AppFolio currently has an average rating of “Hold” and an average price target of $268.57.

Institutional Investors Weigh In On AppFolio

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Summit Global Investments purchased a new position in shares of AppFolio during the 3rd quarter valued at $759,000. JPMorgan Chase & Co. grew its position in shares of AppFolio by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 161,278 shares of the software maker’s stock valued at $37,965,000 after purchasing an additional 5,077 shares in the last quarter. Captrust Financial Advisors grew its position in shares of AppFolio by 183.3% during the 3rd quarter. Captrust Financial Advisors now owns 4,374 shares of the software maker’s stock valued at $1,030,000 after purchasing an additional 2,830 shares in the last quarter. Baker Avenue Asset Management LP grew its position in shares of AppFolio by 16.5% during the 3rd quarter. Baker Avenue Asset Management LP now owns 21,483 shares of the software maker’s stock valued at $5,057,000 after purchasing an additional 3,038 shares in the last quarter. Finally, Advisors Asset Management Inc. grew its position in shares of AppFolio by 56.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker’s stock valued at $92,000 after purchasing an additional 141 shares in the last quarter. 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.