Insider Selling: AppFolio, Inc. (NASDAQ:APPF) CEO Sells 4,145 Shares of Stock

AppFolio, Inc. (NASDAQ:APPF) CEO William Shane Trigg sold 4,145 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $263.32, for a total value of $1,091,461.40. Following the sale, the chief executive officer now owns 73,682 shares of the company’s stock, valued at approximately $19,401,944.24. The trade was a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

William Shane Trigg also recently made the following trade(s):

• On Friday, November 15th, William Shane Trigg sold 3,500 shares of AppFolio stock. The shares were sold at an average price of $229.85, for a total transaction of $804,475.00.

AppFolio Trading Up 0.3 %

APPF traded up $0.74 during trading on Tuesday, reaching $256.61. 162,409 shares of the company’s stock were exchanged, compared to its average volume of 271,144. The firm has a fifty day moving average price of $228.41 and a two-hundred day moving average price of $231.97. The stock has a market capitalization of $9.32 billion, a PE ratio of 71.27 and a beta of 0.86. AppFolio, Inc. has a one year low of $164.29 and a one year high of $274.56.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share (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 business had revenue of $206.00 million during the quarter, compared to analyst estimates of $199.11 million. During the same period last year, the company earned $0.26 EPS. AppFolio’s revenue for the quarter was up 24.5% compared to the same quarter last year. Sell-side analysts expect that AppFolio, Inc. will post 3.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of APPF. Blue Trust Inc. lifted its holdings in AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after buying an additional 54 shares during the period. GAMMA Investing LLC raised its position 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 in the last quarter. CWM LLC lifted its stake in shares of AppFolio by 238.6% in the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock valued at $36,000 after purchasing an additional 105 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of AppFolio by 688.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock valued at $52,000 after purchasing an additional 186 shares in the last quarter. Finally, Quarry LP grew its stake in AppFolio by 147.9% during the second quarter. Quarry LP now owns 238 shares of the software maker’s stock worth $58,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds 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.