AppFolio, Inc. (NASDAQ:APPF) Major Shareholder Sells $597,090.00 in Stock

AppFolio, Inc. (NASDAQ:APPFGet Free Report) major shareholder Maurice J. Duca sold 2,600 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $229.65, for a total value of $597,090.00. Following the completion of the sale, the insider now directly owns 52,400 shares of the company’s stock, valued at approximately $12,033,660. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

AppFolio Stock Performance

APPF stock opened at $231.87 on Friday. AppFolio, Inc. has a fifty-two week low of $162.32 and a fifty-two week high of $256.73. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 112.02 and a beta of 0.80. The business’s 50 day moving average price is $232.33 and its two-hundred day moving average price is $217.34.

AppFolio (NASDAQ:APPFGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The software maker reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $173.66 million. Sell-side analysts forecast that AppFolio, Inc. will post 2.85 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of APPF. Zeno Equity Partners LLP bought a new position in shares of AppFolio during the fourth quarter valued at approximately $30,000. Advisors Asset Management Inc. increased its position in AppFolio by 291.3% during the 1st 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 in the last quarter. USA Financial Formulas purchased a new position in AppFolio during the fourth quarter valued at $59,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in AppFolio in the fourth quarter worth $64,000. Finally, Headlands Technologies LLC purchased a new stake in shares of AppFolio in the fourth quarter worth $85,000. 62.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on the company. Piper Sandler started coverage on AppFolio in a research report on Monday, June 10th. They issued an “overweight” rating and a $295.00 price objective for the company. Stephens reiterated an “overweight” rating and set a $241.00 target price on shares of AppFolio in a report on Friday, April 26th. 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 report on Friday, April 26th. Finally, KeyCorp increased their price objective on AppFolio from $264.00 to $275.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to, AppFolio currently has an average rating of “Moderate Buy” and an average price target of $248.71.

Get Our Latest Research Report on APPF

AppFolio Company Profile

(Get Free Report)

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 Stories

Insider Buying and Selling by Quarter for AppFolio (NASDAQ:APPF)

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's FREE daily email newsletter.