AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 2,968 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $234.87, for a total value of $697,094.16. Following the sale, the insider now owns 24,500 shares in the company, valued at approximately $5,754,315. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
AppFolio Stock Performance
AppFolio stock opened at $231.99 on Friday. AppFolio, Inc. has a 1 year low of $164.29 and a 1 year high of $274.56. The firm has a 50 day moving average price of $236.76 and a 200 day moving average price of $234.06. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 112.07 and a beta of 0.81.
AppFolio (NASDAQ:APPF – Get Free Report) last announced its quarterly earnings data on Thursday, July 25th. The software maker reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.16. The company had revenue of $197.38 million during the quarter, compared to analysts’ expectations of $190.57 million. AppFolio had a net margin of 17.32% and a return on equity of 27.39%. The business’s quarterly revenue was up 34.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.53) EPS. Sell-side analysts predict that AppFolio, Inc. will post 2.99 EPS for the current year.
Institutional Investors Weigh In On AppFolio
Wall Street Analyst Weigh In
APPF has been the topic of several recent research reports. StockNews.com downgraded AppFolio from a “buy” rating to a “hold” rating in a research report on Thursday, August 22nd. Piper Sandler raised their price target on shares of AppFolio from $295.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. KeyCorp lifted their price target on shares of AppFolio from $275.00 to $300.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. JPMorgan Chase & Co. upped their price objective on shares of AppFolio from $260.00 to $328.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Finally, DA Davidson raised their target price on shares of AppFolio from $285.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, AppFolio has a consensus rating of “Moderate Buy” and a consensus price target of $277.75.
View Our Latest Stock Report 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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