AppFolio, Inc. (NASDAQ:APPF - Get Free Report) General Counsel Evan Pickering sold 464 shares of AppFolio stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $221.47, for a total value of $102,762.08. Following the sale, the general counsel directly owned 4,438 shares of the company's stock, valued at approximately $982,883.86. The trade was a 9.47% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
AppFolio Stock Performance
Shares of AppFolio stock opened at $222.80 on Friday. The firm has a 50-day moving average of $212.25 and a 200-day moving average of $184.32. The stock has a market cap of $7.90 billion, a PE ratio of 47.00 and a beta of 0.87. AppFolio, Inc. has a 52-week low of $142.56 and a 52-week high of $251.09.
AppFolio (NASDAQ:APPF - Get Free Report) last issued its quarterly earnings data on Thursday, October 22nd. The software maker reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.03. The business had revenue of $295.69 million during the quarter, compared to analysts' expectations of $294.46 million. AppFolio had a net margin of 15.62% and a return on equity of 33.56%. The business's revenue was up 18.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.31 EPS. Equities research analysts predict that AppFolio, Inc. will post 5.18 earnings per share for the current fiscal year.
Hedge Funds Weigh In On AppFolio
Several hedge funds and other institutional investors have recently modified their holdings of the business. Ingalls & Snyder LLC bought a new stake in shares of AppFolio during the 3rd quarter worth $259,000. Advisors Asset Management Inc. acquired a new stake in AppFolio in the third quarter valued at about $1,637,000. GW&K Investment Management LLC boosted its stake in AppFolio by 2.8% in the third quarter. GW&K Investment Management LLC now owns 128,672 shares of the software maker's stock valued at $25,802,000 after buying an additional 3,481 shares in the last quarter. Ieq Capital LLC bought a new position in AppFolio in the third quarter valued at about $254,000. Finally, Global Retirement Partners LLC grew its position in AppFolio by 198.1% in the third quarter. Global Retirement Partners LLC now owns 161 shares of the software maker's stock valued at $32,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 85.19% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on the stock. Zacks Research cut AppFolio from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 23rd. UBS Group increased their price target on AppFolio from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Friday, October 23rd. Wall Street Zen lowered AppFolio from a "buy" rating to a "hold" rating in a research note on Sunday, July 26th. DA Davidson lifted their price objective on AppFolio from $240.00 to $250.00 and gave the company a "buy" rating in a report on Friday, October 23rd. Finally, Guggenheim upped their target price on AppFolio from $232.00 to $239.00 and gave the company a "buy" rating in a research report on Friday, October 23rd. Nine investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, AppFolio presently has an average rating of "Moderate Buy" and a consensus price target of $250.00.
View Our Latest Analysis on APPF
AppFolio Company Profile
(
Get Free Report)
AppFolio, Inc. provides cloud-based software for the real estate industry. Its products help property managers handle day-to-day operations, including accounting, leasing, marketing, maintenance, and communication with residents and owners. The company also offers software for real estate investment managers, supporting investor relations and investment operations. Its offerings include the AppFolio Property Manager platform, with solutions designed for businesses of different sizes and operating needs.
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