AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice J. Duca sold 2,741 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $230.94, for a total transaction of $633,006.54. Following the transaction, the insider now owns 37,904 shares in the company, valued at $8,753,549.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
AppFolio Trading Up 0.1 %
NASDAQ APPF opened at $232.13 on Tuesday. The company has a fifty day simple moving average of $232.86 and a two-hundred day simple moving average of $218.33. The stock has a market cap of $8.41 billion, a P/E ratio of 112.14 and a beta of 0.80. AppFolio, Inc. has a 12-month low of $162.32 and a 12-month high of $256.73.
AppFolio (NASDAQ:APPF – Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The software maker reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.09. The business had revenue of $187.43 million during the quarter, compared to analysts’ expectations of $173.66 million. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. As a group, sell-side analysts forecast that AppFolio, Inc. will post 2.85 earnings per share for the current year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on APPF. Piper Sandler began coverage on shares of AppFolio in a research note on Monday, June 10th. They set an “overweight” rating and a $295.00 price objective on the stock. Stephens reissued an “overweight” rating and set a $241.00 target price on shares of AppFolio in a research report on Friday, April 26th. Keefe, Bruyette & Woods increased their target price on shares of AppFolio from $215.00 to $238.00 and gave the company a “market perform” rating in a research report on Friday, April 26th. Finally, KeyCorp increased their target price on shares of AppFolio from $264.00 to $275.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, AppFolio currently has an average rating of “Moderate Buy” and a consensus target price of $248.71.
Get Our Latest Research Report 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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