Key Points
- CFO Timothy Mathias Eaton sold 517 shares on Nov. 24 at an average price of $228.34 for $118,051.78, leaving him with 10,104 shares (a 4.87% reduction); the transaction was disclosed in an SEC filing.
- Company results and outlook: AppFolio missed Q3 EPS estimates ($1.31 vs. $1.45) but posted revenue of $249.35M, up 21.2% YoY; the stock trades near $230 with a $8.26B market cap, analysts rate it a "Moderate Buy" with an average target of $310.20, and institutions own about 85.19% of the shares.
AppFolio, Inc. (NASDAQ:APPF - Get Free Report) CFO Timothy Mathias Eaton sold 517 shares of AppFolio stock in a transaction on Monday, November 24th. The stock was sold at an average price of $228.34, for a total transaction of $118,051.78. Following the sale, the chief financial officer owned 10,104 shares in the company, valued at $2,307,147.36. This represents a 4.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
AppFolio Price Performance
NASDAQ APPF opened at $229.88 on Wednesday. The company has a fifty day moving average of $248.30 and a two-hundred day moving average of $248.62. The company has a market capitalization of $8.26 billion, a PE ratio of 41.27 and a beta of 0.83. AppFolio, Inc. has a 1 year low of $190.24 and a 1 year high of $326.04.
AppFolio (NASDAQ:APPF - Get Free Report) last posted its earnings results on Thursday, October 30th. The software maker reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.45 by ($0.14). AppFolio had a net margin of 22.48% and a return on equity of 25.97%. The firm had revenue of $249.35 million during the quarter, compared to analysts' expectations of $245.39 million. During the same period in the previous year, the firm posted $1.29 earnings per share. The firm's revenue for the quarter was up 21.2% on a year-over-year basis. AppFolio has set its FY 2025 guidance at EPS. On average, research analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current year.
Analyst Ratings Changes
A number of analysts recently weighed in on APPF shares. Keefe, Bruyette & Woods upgraded shares of AppFolio from a "market perform" rating to an "outperform" rating and set a $311.00 price target for the company in a research note on Friday, October 24th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of AppFolio in a report on Thursday, November 20th. KeyCorp lowered their price target on AppFolio from $285.00 to $270.00 and set an "overweight" rating on the stock in a report on Friday, October 31st. Piper Sandler raised AppFolio from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $240.00 to $350.00 in a research note on Friday, August 1st. Finally, DA Davidson reaffirmed a "buy" rating and set a $325.00 price objective on shares of AppFolio in a research report on Wednesday, November 19th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $310.20.
Check Out Our Latest Analysis on APPF
Institutional Trading of AppFolio
Several hedge funds have recently modified their holdings of APPF. Vanguard Group Inc. grew its holdings in AppFolio by 2.3% during the third quarter. Vanguard Group Inc. now owns 2,458,994 shares of the software maker's stock worth $677,846,000 after acquiring an additional 55,277 shares during the period. Principal Financial Group Inc. lifted its holdings in AppFolio by 40.1% in the third quarter. Principal Financial Group Inc. now owns 1,166,752 shares of the software maker's stock valued at $321,637,000 after acquiring an additional 333,861 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of AppFolio by 84.4% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 773,579 shares of the software maker's stock worth $170,110,000 after purchasing an additional 354,061 shares in the last quarter. William Blair Investment Management LLC boosted its position in shares of AppFolio by 73.6% during the 2nd quarter. William Blair Investment Management LLC now owns 733,428 shares of the software maker's stock worth $168,894,000 after purchasing an additional 310,834 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of AppFolio by 0.3% during the 2nd quarter. Geode Capital Management LLC now owns 438,522 shares of the software maker's stock worth $100,999,000 after purchasing an additional 1,458 shares during the period. 85.19% of the stock is owned by institutional investors and hedge funds.
About AppFolio
(
Get Free Report)
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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