AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 2,741 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $230.94, for a total value of $633,006.54. Following the completion of the sale, the insider now directly owns 37,904 shares of the company’s stock, valued at $8,753,549.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
AppFolio Stock Up 0.5 %
NASDAQ APPF opened at $239.70 on Thursday. The stock has a market capitalization of $8.68 billion, a P/E ratio of 115.80 and a beta of 0.80. AppFolio, Inc. has a 52-week low of $162.86 and a 52-week high of $256.73. The firm has a 50-day moving average price of $233.81 and a 200 day moving average price of $218.87.
AppFolio (NASDAQ:APPF – Get Free Report) last released its earnings results on Thursday, April 25th. The software maker reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.09. The company had revenue of $187.43 million for the quarter, compared to analysts’ expectations of $173.66 million. AppFolio had a return on equity of 13.51% and a net margin of 11.38%. On average, equities research analysts expect that AppFolio, Inc. will post 2.85 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on APPF shares. Stephens restated an “overweight” rating and set a $241.00 target price on shares of AppFolio in a research report on Friday, April 26th. KeyCorp lifted their price objective on shares of AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Piper Sandler began coverage on shares of AppFolio in a research note on Monday, June 10th. They set an “overweight” rating and a $295.00 target price for the company. Finally, Keefe, Bruyette & Woods boosted their price target on AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $248.71.
Get Our Latest Analysis on AppFolio
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.
Featured Articles
- Five stocks we like better than AppFolio
- Stock Trading Terms – Stock Terms Every Investor Needs to Know
- Stock Impact: McDonald’s Price War with Starbucks, Wendy’s
- High Dividend REITs: Are They an Ideal Way to Diversify?
- General Mills Q4 Sales Miss Expectations, Triggering Stock Drop
- How to Calculate Return on Investment (ROI)
- Enovix Stock Rises 35% in Short-Squeeze: This Rally Has Legs
Receive News & Ratings for AppFolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppFolio and related companies with MarketBeat.com's FREE daily email newsletter.