AppFolio (NASDAQ:APPF) General Counsel Evan Pickering Sells 334 Shares of Stock

AppFolio, Inc. (NASDAQ:APPF) General Counsel Evan Pickering sold 334 shares of AppFolio stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $243.67, for a total value of $81,385.78. Following the transaction, the general counsel owned 2,969 shares of the company’s stock, valued at $723,456.23. This represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

AppFolio Stock Performance

APPF stock traded up $1.46 on Friday, reaching $247.96. The company had a trading volume of 225,304 shares, compared to its average volume of 309,716. The company’s fifty day moving average is $255.56 and its 200 day moving average is $247.31. The company has a market cap of $8.91 billion, a P/E ratio of 44.52 and a beta of 0.83. AppFolio, Inc. has a 1 year low of $190.24 and a 1 year high of $326.04.

AppFolio (NASDAQ:APPF) last released its quarterly earnings results on Thursday, October 30th. The software maker reported $1.31 earnings per share for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.14). AppFolio had a return on equity of 25.97% and a net margin of 22.48%.The company had revenue of $249.35 million during the quarter, compared to analyst estimates of $245.39 million. During the same period last year, the firm earned $1.29 earnings per share. The business’s revenue was up 21.2% compared to the same quarter last year. AppFolio has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

APPF has been the topic of a number of recent research reports. Weiss Ratings restated a “buy (b-)” rating on shares of AppFolio in a report on Wednesday, October 8th. Piper Sandler upgraded shares of AppFolio from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $240.00 to $350.00 in a research report on Friday, August 1st. DA Davidson lowered their target price on shares of AppFolio from $375.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Keefe, Bruyette & Woods raised AppFolio from a “market perform” rating to an “outperform” rating and set a $311.00 price target on the stock in a research note on Friday, October 24th. Finally, KeyCorp decreased their price objective on AppFolio from $285.00 to $270.00 and set an “overweight” rating on the stock in a report on Friday, October 31st. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $310.20.

Institutional Trading of AppFolio

Several institutional investors have recently made changes to their positions in the stock. Lazard Asset Management LLC raised its position in shares of AppFolio by 12.8% in the 3rd quarter. Lazard Asset Management LLC now owns 2,735 shares of the software maker’s stock worth $754,000 after buying an additional 310 shares during the period. Creative Planning raised its holdings in shares of AppFolio by 296.0% in the 3rd quarter. Creative Planning now owns 42,490 shares of the software maker’s stock worth $11,713,000 after purchasing an additional 31,761 shares during the period. Caisse de depot et placement du Quebec lifted its stake in shares of AppFolio by 35.4% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 148,741 shares of the software maker’s stock valued at $41,002,000 after purchasing an additional 38,875 shares in the last quarter. Horizon Investments LLC lifted its stake in shares of AppFolio by 929,400.0% in the 3rd quarter. Horizon Investments LLC now owns 9,295 shares of the software maker’s stock valued at $2,562,000 after purchasing an additional 9,294 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of AppFolio during the 3rd quarter worth about $3,862,000. 85.19% of the stock is owned by hedge funds and other institutional investors.

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.