AppFolio (NASDAQ:APPF) Shares Unloaded Rep. Byron Donalds

Representative Byron Donalds (R-Florida) recently sold shares of AppFolio, Inc. (NASDAQ:APPF). In a filing disclosed on November 07th, the Representative disclosed that they had sold between $1,001 and $15,000 in AppFolio stock on October 1st. The trade occurred in the Representative’s “MORAN WEALTH IRA” account.

Representative Byron Donalds also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of McKesson (NYSE:MCK) on 10/1/2024.
• Purchased $1,001 – $15,000 in shares of NU (NYSE:NU) on 10/1/2024.
• Sold $1,001 – $15,000 in shares of Synopsys (NASDAQ:SNPS) on 10/1/2024.

AppFolio Stock Down 0.1 %

Shares of NASDAQ APPF opened at $228.20 on Friday. The business has a 50-day moving average price of $221.31 and a 200 day moving average price of $230.97. The stock has a market cap of $8.29 billion, a PE ratio of 63.57 and a beta of 0.83. AppFolio, Inc. has a 52-week low of $164.29 and a 52-week high of $274.56.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data 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 net margin of 17.26% and a return on equity of 30.64%. The company had revenue of $206.00 million for the quarter, compared to the consensus estimate of $199.11 million. During the same period last year, the firm posted $0.26 EPS. AppFolio’s revenue for the quarter was up 24.5% on a year-over-year basis. Sell-side analysts anticipate that AppFolio, Inc. will post 3.23 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have commented on the company. Piper Sandler Companies reaffirmed an “overweight” rating and set a $300.00 price objective on shares of AppFolio in a research note on Friday, July 26th. StockNews.com downgraded AppFolio from a “buy” rating to a “hold” rating in a report on Thursday, August 22nd. KeyCorp dropped their price objective on shares of AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a research note on Friday, October 25th. Keefe, Bruyette & Woods cut shares of AppFolio from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $255.00 to $193.00 in a research note on Tuesday, October 15th. Finally, Piper Sandler dropped their price objective on AppFolio from $300.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $261.75.

Insider Transactions at AppFolio

In related news, CEO William Shane Trigg sold 3,501 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $218.98, for a total value of $766,648.98. Following the sale, the chief executive officer now owns 81,699 shares of the company’s stock, valued at approximately $17,890,447.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO William Shane Trigg sold 3,501 shares of AppFolio stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $218.98, for a total transaction of $766,648.98. Following the completion of the sale, the chief executive officer now owns 81,699 shares in the company, valued at approximately $17,890,447.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Maurice J. Duca sold 2,968 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $234.87, for a total transaction of $697,094.16. Following the completion of the transaction, the insider now owns 24,500 shares in the company, valued at approximately $5,754,315. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,652 shares of company stock valued at $4,053,818 in the last ninety days. Corporate insiders own 5.24% of the company’s stock.

Hedge Funds Weigh In On AppFolio

Hedge funds and other institutional investors have recently bought and sold shares of the company. Moran Wealth Management LLC increased its position in shares of AppFolio by 2.2% in the third quarter. Moran Wealth Management LLC now owns 40,341 shares of the software maker’s stock valued at $9,496,000 after buying an additional 858 shares in the last quarter. EULAV Asset Management grew its stake in AppFolio by 40.6% in the 3rd quarter. EULAV Asset Management now owns 55,449 shares of the software maker’s stock valued at $13,053,000 after acquiring an additional 16,000 shares during the last quarter. Advisors Asset Management Inc. increased its holdings in AppFolio by 56.6% during the 3rd quarter. Advisors Asset Management Inc. now owns 390 shares of the software maker’s stock valued at $92,000 after acquiring an additional 141 shares in the last quarter. Jennison Associates LLC raised its position in AppFolio by 4.6% during the third quarter. Jennison Associates LLC now owns 89,417 shares of the software maker’s stock worth $21,049,000 after acquiring an additional 3,943 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of AppFolio in the third quarter valued at approximately $2,271,000. 62.34% of the stock is owned by institutional investors and hedge funds.

About Representative Donalds

Byron Donalds (Republican Party) is a member of the U.S. House, representing Florida’s 19th Congressional District. He assumed office on January 3, 2021. His current term ends on January 3, 2025. Donalds (Republican Party) is running for re-election to the U.S. House to represent Florida’s 19th Congressional District. He declared candidacy for the Republican primary scheduled on August 20, 2024. Donalds was a potential 2014 Republican candidate seeking election to the U.S. House to represent the 19th Congressional District of Florida. Donalds filed campaign finance reports with the Federal Election Commission but failed to file a statement of candidacy with the FEC or Florida Division of Elections. He was a 2012 Republican candidate who sought election to the U.S. House to represent the 19th Congressional District of Florida. Donalds was defeated by Trey Radel in the Republican primary on August 14, 2012. Byron Donalds was born in Brooklyn, New York, and lives in Naples, Florida. Donalds earned a bachelor’s degree in finance and marketing from Florida State University in 2002. His career experience includes working as a commercial credit officer in banking and as a portfolio manager in financial services.

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.