AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 11,627 shares of the stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $240.08, for a total transaction of $2,791,410.16. Following the completion of the sale, the insider now directly owns 27,768 shares of the company’s stock, valued at approximately $6,666,541.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major 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
Shares of APPF opened at $210.59 on Friday. The company’s 50-day simple moving average is $240.78 and its 200-day simple moving average is $232.20. AppFolio, Inc. has a 1 year low of $164.29 and a 1 year high of $274.56. The stock has a market capitalization of $7.63 billion, a PE ratio of 101.73 and a beta of 0.81.
AppFolio (NASDAQ:APPF – Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The software maker reported $1.12 EPS for the quarter, beating the consensus estimate of $0.96 by $0.16. AppFolio had a net margin of 17.32% and a return on equity of 27.39%. The company had revenue of $197.38 million during the quarter, compared to analysts’ expectations of $190.57 million. During the same quarter last year, the company posted ($0.53) EPS. The firm’s revenue was up 34.2% compared to the same quarter last year. On average, sell-side analysts predict that AppFolio, Inc. will post 2.99 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
APPF has been the topic of a number of recent analyst reports. Piper Sandler Companies reiterated an “overweight” rating and issued a $300.00 price objective on shares of AppFolio in a report on Friday, July 26th. Stephens reiterated an “overweight” rating and set a $241.00 price target on shares of AppFolio in a report on Friday, April 26th. DA Davidson boosted their price objective on shares of AppFolio from $285.00 to $300.00 and gave the company a “buy” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods increased their target price on shares of AppFolio from $215.00 to $238.00 and gave the stock a “market perform” rating in a research note on Friday, April 26th. Finally, Piper Sandler lifted their price target on shares of AppFolio from $295.00 to $300.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $277.75.
Read Our Latest Stock Analysis on APPF
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.
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