AppFolio, Inc. (NASDAQ:APPF – Get Free Report) insider Matthew S. Mazza sold 2,371 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $221.22, for a total value of $524,512.62. Following the completion of the transaction, the insider now owns 39,980 shares in the company, valued at approximately $8,844,375.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
AppFolio Stock Up 1.8 %
Shares of AppFolio stock opened at $223.58 on Tuesday. The firm has a market cap of $8.10 billion, a PE ratio of 108.01 and a beta of 0.81. The company’s fifty day simple moving average is $237.44 and its two-hundred day simple moving average is $234.21. AppFolio, Inc. has a 12-month low of $164.29 and a 12-month high of $274.56.
AppFolio (NASDAQ:APPF – Get Free Report) last released its quarterly earnings results on Thursday, July 25th. The software maker reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.16. The business had revenue of $197.38 million during the quarter, compared to analyst estimates of $190.57 million. AppFolio had a return on equity of 27.39% and a net margin of 17.32%. AppFolio’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.53) EPS. As a group, sell-side analysts expect that AppFolio, Inc. will post 2.99 earnings per share for the current fiscal year.
Institutional Trading of AppFolio
Analysts Set New Price Targets
A number of research firms have issued reports on APPF. Piper Sandler Companies reaffirmed an “overweight” rating and set a $300.00 price objective on shares of AppFolio in a report on Friday, July 26th. StockNews.com upgraded shares of AppFolio from a “hold” rating to a “buy” rating in a report on Friday, July 26th. KeyCorp increased their price objective on shares of AppFolio from $275.00 to $300.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. DA Davidson boosted their target price on AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods increased their price target on AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, AppFolio currently has a consensus rating of “Moderate Buy” and a consensus price target of $277.75.
View Our Latest Analysis on AppFolio
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.
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