AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 200 shares of AppFolio stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $232.52, for a total transaction of $46,504.00. Following the sale, the insider now owns 27,568 shares of the company’s stock, valued at approximately $6,410,111.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
AppFolio Price Performance
APPF traded down $9.49 during trading on Tuesday, reaching $219.53. The company had a trading volume of 453,994 shares, compared to its average volume of 307,782. AppFolio, Inc. has a 12 month low of $164.29 and a 12 month high of $274.56. The business’s fifty day moving average price is $241.87 and its 200 day moving average price is $232.18. The company has a market cap of $7.95 billion, a P/E ratio of 106.05 and a beta of 0.80.
AppFolio (NASDAQ:APPF – Get Free Report) last announced its quarterly earnings results on Thursday, July 25th. The software maker reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.16. AppFolio had a net margin of 17.32% and a return on equity of 27.39%. The firm had revenue of $197.38 million for the quarter, compared to analyst estimates of $190.57 million. During the same quarter in the previous year, the firm posted ($0.53) earnings per share. The business’s revenue was up 34.2% on a year-over-year basis. As a group, sell-side analysts predict that AppFolio, Inc. will post 2.9 EPS for the current fiscal year.
Institutional Inflows and Outflows
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the stock. StockNews.com upgraded shares of AppFolio from a “hold” rating to a “buy” rating in a research report on Friday. Keefe, Bruyette & Woods boosted their price objective on shares of AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a report on Friday, April 26th. DA Davidson boosted their price objective on shares of AppFolio from $285.00 to $300.00 and gave the company a “buy” rating in a report on Friday. Piper Sandler Companies restated an “overweight” rating and set a $300.00 price objective on shares of AppFolio in a report on Friday. Finally, KeyCorp boosted their price objective on shares of AppFolio from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Friday. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, AppFolio has an average rating of “Moderate Buy” and an average target price of $277.75.
Get Our Latest Stock Report on AppFolio
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.
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