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

AppFolio, Inc. (NASDAQ:APPF) insider Matthew S. Mazza sold 838 shares of the stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $255.30, for a total value of $213,941.40. Following the completion of the sale, the insider now directly owns 22,701 shares of the company’s stock, valued at $5,795,565.30. This represents a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

AppFolio Trading Up 1.9 %

APPF opened at $254.82 on Tuesday. 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 $9.26 billion, a PE ratio of 70.98 and a beta of 0.87. The firm has a 50-day moving average price of $252.64 and a two-hundred day moving average price of $235.80.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Keefe, Bruyette & Woods downgraded AppFolio from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective for the company. in a report on Friday, January 10th. Finally, Piper Sandler cut shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 target price for the company. in a research report on Monday, January 6th. One 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 MarketBeat.com, AppFolio currently has a consensus rating of “Hold” and a consensus target price of $268.57.

Institutional Investors Weigh In On AppFolio

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its stake in shares of AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after purchasing an additional 54 shares during the period. UMB Bank n.a. grew its holdings in AppFolio by 193.0% during the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock valued at $41,000 after purchasing an additional 110 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in AppFolio by 688.9% in the second 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. Quarry LP boosted its position in shares of 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 in the last quarter. Finally, True Wealth Design LLC bought a new stake in shares of AppFolio in the 3rd quarter valued at $79,000. 85.19% of the stock is owned by institutional investors.

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.