Key Points
- Major shareholder Maurice Duca sold 7,200 AppFolio shares for approximately $1.46 million at an average price of $203.41, reducing his direct holdings by 38.66% to 11,424 shares. The sale was conducted under a pre-arranged Rule 10b5-1 plan.
- AppFolio exceeded quarterly expectations, reporting $1.71 in EPS and $281.12 million in revenue, with revenue up 19.3% year over year. Analysts expect $5.16 in full-year EPS.
- Wall Street remains broadly positive, with the stock carrying a consensus “Buy” rating and an average price target of $243.50, above its reported opening price of $218.85.
AppFolio, Inc. (NASDAQ:APPF - Get Free Report) CFO Timothy Mathias Eaton sold 373 shares of the business's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $202.61, for a total transaction of $75,573.53. Following the transaction, the chief financial officer owned 16,714 shares in the company, valued at approximately $3,386,423.54. This trade represents a 2.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Timothy Mathias Eaton also recently made the following trade(s):
- On Friday, June 12th, Timothy Mathias Eaton sold 2,585 shares of AppFolio stock. The shares were sold at an average price of $160.07, for a total transaction of $413,780.95.
AppFolio Stock Up 1.7%
AppFolio stock opened at $218.85 on Friday. AppFolio, Inc. has a 52 week low of $142.56 and a 52 week high of $288.73. The company's 50 day moving average price is $176.27 and its two-hundred day moving average price is $170.40. The stock has a market cap of $7.75 billion, a P/E ratio of 49.97 and a beta of 0.78.
AppFolio (NASDAQ:APPF - Get Free Report) last announced its earnings results on Thursday, July 23rd. The software maker reported $1.71 earnings per share for the quarter, topping analysts' consensus estimates of $1.69 by $0.02. The firm had revenue of $281.12 million for the quarter, compared to the consensus estimate of $277.35 million. AppFolio had a return on equity of 32.42% and a net margin of 15.13%.The company's revenue was up 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.38 EPS. On average, equities analysts anticipate that AppFolio, Inc. will post 5.16 EPS for the current year.
Analyst Upgrades and Downgrades
APPF has been the subject of a number of recent analyst reports. Zacks Research upgraded AppFolio from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 28th. KeyCorp reissued an "overweight" rating on shares of AppFolio in a report on Monday, July 6th. Guggenheim assumed coverage on shares of AppFolio in a research report on Wednesday, July 22nd. They set a "buy" rating and a $232.00 price target for the company. DA Davidson set a $225.00 price target on shares of AppFolio in a research report on Friday, July 24th. Finally, Benchmark raised their price objective on shares of AppFolio from $222.00 to $226.00 and gave the stock a "buy" rating in a report on Friday, April 24th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $243.50.
Read Our Latest Analysis on AppFolio
Institutional Trading of AppFolio
Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its position in shares of AppFolio by 101.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 111 shares of the software maker's stock valued at $26,000 after buying an additional 56 shares during the last quarter. Optiver Holding B.V. increased its holdings in AppFolio by 827.8% in the 1st quarter. Optiver Holding B.V. now owns 167 shares of the software maker's stock worth $26,000 after acquiring an additional 149 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in AppFolio by 48.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the software maker's stock valued at $53,000 after acquiring an additional 63 shares during the period. Advisory Services Network LLC bought a new stake in AppFolio in the 3rd quarter valued at about $55,000. Finally, Employees Retirement System of Texas purchased a new stake in AppFolio during the third quarter valued at about $58,000. 85.19% of the stock is currently owned by institutional investors.
Key Headlines Impacting AppFolio
Here are the key news stories impacting AppFolio this week:
- Positive Sentiment: Wall Street commentary remains broadly bullish on AppFolio (APPF), suggesting analysts see additional upside based on the company’s growth prospects and recent operating performance. AppFolio’s latest reported quarter included an EPS and revenue beat, with revenue increasing 19.3% year over year. Is It Worth Investing in AppFolio Based on Wall Street’s Bullish Views?
- Positive Sentiment: AppFolio’s FUTURE 2026 conference is highlighting strategies and technology designed to help property managers improve performance and close operational gaps. The event reinforces the company’s positioning in property-management software, although it does not include a new financial forecast or major contract announcement. The Property Performance Gap Is Widening: FUTURE 2026
- Neutral Sentiment: CFO Timothy Mathias Eaton sold 373 shares for approximately $75,574, reducing his holdings by 2.18%. Because the transaction was executed under a 10b5-1 plan and represents a small portion of his remaining stake, it is a limited negative signal. AppFolio CFO Form 4 Filing
- Negative Sentiment: Major shareholder Maurice J. Duca reported multiple 10b5-1 sales totaling roughly 15,057 shares and about $3.1 million across several accounts. The sizable reduction in certain positions could pressure investor sentiment, although the pre-arranged nature of the trades suggests they were scheduled in advance rather than driven by a newly disclosed business concern. Maurice J. Duca AppFolio Stake Sales
About AppFolio
(
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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