AppFolio (NASDAQ:APPF) Shares Down 7.4% – Time to Sell?

Shares of AppFolio, Inc. (NASDAQ:APPF) fell 7.4% on Tuesday . The company traded as low as $221.02 and last traded at $220.6820. 138,563 shares changed hands during mid-day trading, a decline of 54% from the average session volume of 304,374 shares. The stock had previously closed at $238.28.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on APPF shares. Piper Sandler raised AppFolio from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $240.00 to $350.00 in a research report on Friday, August 1st. DA Davidson cut their price objective on shares of AppFolio from $375.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Keefe, Bruyette & Woods upgraded shares of AppFolio from a “market perform” rating to an “outperform” rating and set a $311.00 target price for the company in a report on Friday, October 24th. Weiss Ratings lowered shares of AppFolio from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. Finally, KeyCorp reduced their price objective on shares of AppFolio from $285.00 to $270.00 and set an “overweight” rating for the company in a research report on Friday, October 31st. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $310.20.

AppFolio Trading Down 4.1%

The company has a market capitalization of $8.21 billion, a PE ratio of 40.91 and a beta of 0.83. The stock’s fifty day moving average is $254.59 and its two-hundred day moving average is $248.12.

AppFolio (NASDAQ:APPF) last posted its quarterly earnings data on Thursday, October 30th. The software maker reported $1.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.14). The company had revenue of $249.35 million for the quarter, compared to analysts’ expectations of $245.39 million. AppFolio had a return on equity of 25.97% and a net margin of 22.48%.The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the business posted $1.29 EPS. AppFolio has set its FY 2025 guidance at EPS. As a group, analysts anticipate that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Maurice J. Duca sold 1,200 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $275.71, for a total value of $330,852.00. Following the transaction, the insider owned 39,000 shares in the company, valued at approximately $10,752,690. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Matthew S. Mazza sold 1,636 shares of the stock in a transaction on Monday, September 15th. The shares were sold at an average price of $276.98, for a total value of $453,139.28. Following the transaction, the insider directly owned 25,015 shares of the company’s stock, valued at approximately $6,928,654.70. This trade represents a 6.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,801 shares of company stock worth $6,312,246 in the last three months. Insiders own 4.68% of the company’s stock.

Institutional Trading of AppFolio

Several hedge funds and other institutional investors have recently modified their holdings of APPF. Root Financial Partners LLC purchased a new position in AppFolio in the 3rd quarter valued at approximately $31,000. TD Private Client Wealth LLC raised its stake in shares of AppFolio by 2,116.7% during the 3rd quarter. TD Private Client Wealth LLC now owns 133 shares of the software maker’s stock valued at $37,000 after purchasing an additional 127 shares during the period. First Horizon Corp purchased a new stake in AppFolio during the 3rd quarter worth about $39,000. Hantz Financial Services Inc. boosted its stake in AppFolio by 373.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 142 shares of the software maker’s stock worth $39,000 after purchasing an additional 112 shares during the period. Finally, Huntington National Bank grew its holdings in AppFolio by 58.7% during the 2nd quarter. Huntington National Bank now owns 200 shares of the software maker’s stock valued at $46,000 after buying an additional 74 shares in the last quarter. Institutional investors own 85.19% of the company’s stock.

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.