AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 5,200 shares of the firm’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $244.93, for a total transaction of $1,273,636.00. Following the sale, the insider now directly owns 20,491 shares in the company, valued at approximately $5,018,860.63. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
AppFolio Stock Up 1.6 %
Shares of AppFolio stock traded up $3.80 during mid-day trading on Tuesday, reaching $247.16. 329,615 shares of the stock traded hands, compared to its average volume of 303,626. The business has a 50-day moving average of $236.38 and a 200 day moving average of $220.96. The stock has a market capitalization of $8.95 billion, a PE ratio of 119.40 and a beta of 0.80. AppFolio, Inc. has a fifty-two week low of $164.29 and a fifty-two week high of $256.73.
AppFolio (NASDAQ:APPF – Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The software maker reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.09. AppFolio had a return on equity of 13.51% and a net margin of 11.38%. The company had revenue of $187.43 million for the quarter, compared to analyst estimates of $173.66 million. On average, equities research analysts expect that AppFolio, Inc. will post 2.85 EPS for the current fiscal year.
Hedge Funds Weigh In On AppFolio
Wall Street Analyst Weigh In
Several analysts recently commented on the stock. Piper Sandler began coverage on shares of AppFolio in a research report on Monday, June 10th. They set an “overweight” rating and a $295.00 price target on the stock. KeyCorp raised their target price on AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Stephens reaffirmed an “overweight” rating and issued a $241.00 price target on shares of AppFolio in a report on Friday, April 26th. Finally, Keefe, Bruyette & Woods raised their price objective on AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, April 26th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.71.
Check Out Our Latest Stock Analysis on APPF
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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