Key Points
- CEO sale: On Feb. 17, CEO William Shane Trigg sold 6,963 shares at an average of $169.73 for about $1.18 million, reducing his ownership by 11.63% to 52,920 shares (≈$8.98M).
- Financials and valuation: AppFolio beat Q4 estimates with $1.39 EPS vs. $1.22 expected and revenue of $248.19M (up 21.7% YoY); the stock trades near $173.73 with a $6.25B market cap and a P/E of 44.78.
- Analyst and institutional positioning: Several firms trimmed price targets but the consensus is a "Moderate Buy" (avg. target $270.83), and institutional ownership is high (~85%) with major funds (Vanguard, Principal, State Street) increasing stakes.
AppFolio, Inc. (NASDAQ:APPF - Get Free Report) CEO William Shane Trigg sold 6,963 shares of the business's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $169.73, for a total value of $1,181,829.99. Following the transaction, the chief executive officer owned 52,920 shares in the company, valued at approximately $8,982,111.60. This trade represents a 11.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
AppFolio Stock Performance
APPF stock traded down $2.66 during trading on Friday, reaching $173.73. The company had a trading volume of 138,329 shares, compared to its average volume of 421,404. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 44.78 and a beta of 0.75. AppFolio, Inc. has a twelve month low of $166.36 and a twelve month high of $326.04. The firm has a 50-day simple moving average of $212.92 and a 200-day simple moving average of $241.68.
AppFolio (NASDAQ:APPF - Get Free Report) last issued its quarterly earnings results on Thursday, January 29th. The software maker reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.17. AppFolio had a return on equity of 29.79% and a net margin of 14.82%.The company had revenue of $248.19 million during the quarter, compared to analysts' expectations of $246.56 million. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm's revenue was up 21.7% compared to the same quarter last year. Sell-side analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on APPF shares. Piper Sandler cut their target price on shares of AppFolio from $350.00 to $245.00 and set an "overweight" rating for the company in a report on Friday, January 30th. DA Davidson cut their price objective on shares of AppFolio from $325.00 to $275.00 and set a "buy" rating for the company in a report on Friday, January 30th. UBS Group set a $260.00 target price on shares of AppFolio and gave the stock a "buy" rating in a research note on Friday, January 30th. Wall Street Zen upgraded AppFolio from a "hold" rating to a "buy" rating in a research note on Saturday, February 7th. Finally, JPMorgan Chase & Co. lowered their price target on AppFolio from $330.00 to $300.00 and set an "overweight" rating on the stock in a research report on Friday, January 30th. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $270.83.
Get Our Latest Stock Report on AppFolio
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in APPF. Vanguard Group Inc. boosted its stake in shares of AppFolio by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 2,560,460 shares of the software maker's stock valued at $595,691,000 after buying an additional 101,466 shares during the period. Principal Financial Group Inc. increased its position in shares of AppFolio by 6.8% in the 4th quarter. Principal Financial Group Inc. now owns 1,245,949 shares of the software maker's stock valued at $289,880,000 after purchasing an additional 79,197 shares during the last quarter. State Street Corp raised its holdings in shares of AppFolio by 1.1% in the 4th quarter. State Street Corp now owns 685,656 shares of the software maker's stock valued at $159,518,000 after purchasing an additional 7,585 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of AppFolio by 17.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 669,317 shares of the software maker's stock worth $155,717,000 after purchasing an additional 98,230 shares in the last quarter. Finally, William Blair Investment Management LLC raised its position in shares of AppFolio by 15.6% during the 4th quarter. William Blair Investment Management LLC now owns 638,241 shares of the software maker's stock worth $148,487,000 after acquiring an additional 86,272 shares in the last quarter. 85.19% of the stock is currently owned by institutional investors and hedge funds.
AppFolio Company Profile
(
Get Free Report)
AppFolio, Inc is a Santa Barbara–based provider of cloud-based software solutions for the property management and legal industries. Founded in 2006 by former software executives, the company went public on the NASDAQ under the symbol APPF in 2015. Its original offering, AppFolio Property Manager, automates accounting, marketing, leasing, and maintenance functions for residential, commercial, student housing, and community association managers.
In 2019, AppFolio expanded its portfolio with the acquisition of MyCase, a web-based legal practice management platform for small to mid-size law firms.
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