Maurice J. Duca Sells 200 Shares of AppFolio, Inc. (NASDAQ:APPF) Stock

AppFolio, Inc. (NASDAQ:APPF) major shareholder Maurice J. Duca sold 200 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $232.18, for a total transaction of $46,436.00. Following the sale, the insider now owns 18,922 shares of the company’s stock, valued at approximately $4,393,309.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

AppFolio Trading Up 0.8 %

NASDAQ APPF opened at $233.79 on Friday. The stock has a market capitalization of $8.47 billion, a price-to-earnings ratio of 112.94 and a beta of 0.81. The business’s 50 day moving average is $230.66 and its two-hundred day moving average is $233.16. AppFolio, Inc. has a 12-month low of $164.29 and a 12-month high of $274.56.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.96 by $0.16. AppFolio had a return on equity of 27.39% and a net margin of 17.32%. The firm had revenue of $197.38 million for the quarter, compared to analyst estimates of $190.57 million. During the same quarter in the prior year, the company posted ($0.53) earnings per share. AppFolio’s quarterly revenue was up 34.2% on a year-over-year basis. Equities analysts forecast that AppFolio, Inc. will post 3.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AppFolio

A number of large investors have recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in AppFolio by 0.9% during the second quarter. Brighton Jones LLC now owns 5,805 shares of the software maker’s stock worth $1,420,000 after buying an additional 49 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of AppFolio by 2.9% during the 2nd quarter. ProShare Advisors LLC now owns 3,630 shares of the software maker’s stock valued at $888,000 after acquiring an additional 102 shares during the period. CWM LLC boosted its stake in shares of AppFolio by 238.6% during the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock worth $36,000 after acquiring an additional 105 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of AppFolio by 589.5% in the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock worth $32,000 after acquiring an additional 112 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in shares of AppFolio by 291.3% in the 1st quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock worth $44,000 after acquiring an additional 134 shares during the period. Hedge funds and other institutional investors own 62.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Piper Sandler Companies reaffirmed an “overweight” rating and issued a $300.00 target price on shares of AppFolio in a report on Friday, July 26th. JPMorgan Chase & Co. upped their price objective on AppFolio from $260.00 to $328.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. StockNews.com cut AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, August 22nd. KeyCorp boosted their target price on AppFolio from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Finally, DA Davidson increased their price target on AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, July 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, the company currently has an average rating of “Moderate Buy” and an average price target of $277.75.

AppFolio Company Profile

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.