Scanlan Agnes Bundy Sells 500 Shares of AppFolio, Inc. (NASDAQ:APPF) Stock

AppFolio, Inc. (NASDAQ:APPF) Director Scanlan Agnes Bundy sold 500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $255.42, for a total transaction of $127,710.00. Following the completion of the sale, the director now owns 5,416 shares of the company’s stock, valued at approximately $1,383,354.72. This trade represents a 8.45 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

AppFolio Trading Up 2.2 %

AppFolio stock traded up $5.69 during trading hours on Tuesday, reaching $261.58. 374,598 shares of the company were exchanged, compared to its average volume of 168,161. AppFolio, Inc. has a 12 month low of $164.29 and a 12 month high of $274.56. The firm has a market cap of $9.50 billion, a price-to-earnings ratio of 72.86 and a beta of 0.86. The stock has a 50-day moving average of $225.64 and a 200 day moving average of $231.10.

AppFolio (NASDAQ:APPF) last posted its earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.26. The business had revenue of $206.00 million for the quarter, compared to analyst estimates of $199.11 million. AppFolio had a net margin of 17.26% and a return on equity of 30.64%. AppFolio’s revenue was up 24.5% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. As a group, research analysts forecast that AppFolio, Inc. will post 3.23 EPS for the current year.

Hedge Funds Weigh In On AppFolio

Several large investors have recently made changes to their positions in APPF. Blue Trust Inc. grew its holdings in AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after buying an additional 54 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of AppFolio by 589.5% in the second quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock worth $32,000 after acquiring an additional 112 shares during the last quarter. CWM LLC increased its position in AppFolio by 238.6% during the second quarter. CWM LLC now owns 149 shares of the software maker’s stock worth $36,000 after acquiring an additional 105 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in AppFolio by 688.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock worth $52,000 after acquiring an additional 186 shares during the period. Finally, Quarry LP boosted its holdings in AppFolio by 147.9% in the 2nd quarter. Quarry LP now owns 238 shares of the software maker’s stock valued at $58,000 after purchasing an additional 142 shares during the period. Institutional investors and hedge funds own 62.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Piper Sandler lowered their price target on AppFolio from $300.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. KeyCorp dropped their target price on AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Keefe, Bruyette & Woods cut shares of AppFolio from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. Finally, StockNews.com lowered shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $261.75.

AppFolio Company Profile

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.