AppFolio, Inc. (NASDAQ:APPF) CFO Sells $233,734.41 in Stock

AppFolio, Inc. (NASDAQ:APPF) CFO Timothy Mathias Eaton sold 1,057 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $221.13, for a total value of $233,734.41. Following the sale, the chief financial officer now owns 7,176 shares of the company’s stock, valued at $1,586,828.88. This represents a 12.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

AppFolio Stock Down 0.5%

NASDAQ:APPF opened at $213.47 on Wednesday. The firm’s fifty day simple moving average is $217.24 and its 200 day simple moving average is $231.39. The stock has a market cap of $7.69 billion, a P/E ratio of 38.46 and a beta of 0.99. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. The company had revenue of $217.70 million for the quarter, compared to the consensus estimate of $220.95 million. During the same period in the previous year, the firm posted $1.05 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, analysts expect that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Institutional Trading of AppFolio

Several large investors have recently bought and sold shares of APPF. South Dakota Investment Council boosted its position in shares of AppFolio by 94.4% during the fourth quarter. South Dakota Investment Council now owns 3,500 shares of the software maker’s stock valued at $864,000 after purchasing an additional 1,700 shares in the last quarter. Bryce Point Capital LLC purchased a new position in AppFolio during the fourth quarter valued at $1,392,000. Hsbc Holdings PLC bought a new stake in shares of AppFolio during the 4th quarter valued at $557,000. Sei Investments Co. grew its position in shares of AppFolio by 9.4% in the 4th quarter. Sei Investments Co. now owns 45,826 shares of the software maker’s stock worth $11,306,000 after buying an additional 3,935 shares during the period. Finally, SYM FINANCIAL Corp bought a new position in shares of AppFolio in the 4th quarter worth about $292,000. 85.19% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on APPF. William Blair reissued an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Stephens reiterated an “overweight” rating and set a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. Keefe, Bruyette & Woods cut their price target on shares of AppFolio from $210.00 to $205.00 and set an “underweight” rating on the stock in a report on Friday, April 25th. DA Davidson upgraded shares of AppFolio to a “strong-buy” rating in a research report on Tuesday, May 13th. Finally, Piper Sandler reiterated a “neutral” rating and set a $265.00 target price on shares of AppFolio in a report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $274.43.

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.