William Shane Trigg Sells 3,947 Shares of AppFolio (NASDAQ:APPF) Stock

AppFolio, Inc. (NASDAQ:APPF) CEO William Shane Trigg sold 3,947 shares of the firm’s stock in a transaction dated Monday, November 17th. The shares were sold at an average price of $240.45, for a total value of $949,056.15. Following the sale, the chief executive officer owned 51,530 shares in the company, valued at $12,390,388.50. This trade represents a 7.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

William Shane Trigg also recently made the following trade(s):

• On Monday, November 17th, William Shane Trigg sold 3,947 shares of AppFolio stock. The stock was sold at an average price of $240.45, for a total value of $949,056.15.
• On Wednesday, September 10th, William Shane Trigg sold 4,000 shares of AppFolio stock. The stock was sold at an average price of $276.95, for a total value of $1,107,800.00.

AppFolio Stock Performance

Shares of NASDAQ:APPF traded down $6.29 during midday trading on Wednesday, reaching $221.79. 284,873 shares of the company’s stock traded hands, compared to its average volume of 305,380. The company has a fifty day simple moving average of $253.56 and a two-hundred day simple moving average of $248.24. AppFolio, Inc. has a 1 year low of $190.24 and a 1 year high of $326.04. The company has a market cap of $7.97 billion, a P/E ratio of 39.82 and a beta of 0.83.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, October 30th. The software maker reported $1.31 EPS for the quarter, missing the consensus estimate of $1.45 by ($0.14). The company had revenue of $249.35 million during 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%.AppFolio’s revenue was up 21.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.29 EPS. AppFolio has set its FY 2025 guidance at EPS. As a group, research analysts forecast that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northern Trust Corp raised its stake in shares of AppFolio by 0.8% in the 1st quarter. Northern Trust Corp now owns 193,780 shares of the software maker’s stock valued at $42,612,000 after acquiring an additional 1,493 shares during the period. HighTower Advisors LLC increased its holdings in AppFolio by 94.1% in the 1st quarter. HighTower Advisors LLC now owns 2,882 shares of the software maker’s stock valued at $634,000 after purchasing an additional 1,397 shares during the last quarter. United Services Automobile Association purchased a new stake in AppFolio in the first quarter valued at approximately $311,000. Park Avenue Securities LLC purchased a new stake in AppFolio in the second quarter valued at approximately $288,000. Finally, US Bancorp DE lifted its stake in AppFolio by 2,549.2% during the first quarter. US Bancorp DE now owns 1,722 shares of the software maker’s stock worth $379,000 after purchasing an additional 1,657 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.