AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 1,296 shares of the company’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $236.77, for a total value of $306,853.92. Following the completion of the transaction, the insider now directly owns 9,383 shares in the company, valued at approximately $2,221,612.91. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
AppFolio Price Performance
AppFolio stock traded down $4.37 during midday trading on Wednesday, reaching $234.14. The company’s stock had a trading volume of 137,853 shares, compared to its average volume of 281,565. The stock’s 50-day simple moving average is $229.63 and its 200-day simple moving average is $233.34. AppFolio, Inc. has a 52-week low of $164.29 and a 52-week high of $274.56. The stock has a market capitalization of $8.49 billion, a P/E ratio of 113.11 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.16. The firm had revenue of $197.38 million for the quarter, compared to analyst estimates of $190.57 million. AppFolio had a return on equity of 27.39% and a net margin of 17.32%. The business’s revenue was up 34.2% on a year-over-year basis. During the same period in the previous year, the company posted ($0.53) earnings per share. As a group, equities research analysts expect that AppFolio, Inc. will post 3.04 earnings per share for the current fiscal year.
Institutional Trading of AppFolio
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. StockNews.com downgraded AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, August 22nd. JPMorgan Chase & Co. increased their price target on AppFolio from $260.00 to $328.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. KeyCorp increased their price target on AppFolio from $275.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. DA Davidson increased their price target on AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Finally, Piper Sandler increased their price target on AppFolio from $295.00 to $300.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $277.75.
View Our Latest Research Report on AppFolio
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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