AppFolio, Inc. (NASDAQ:APPF) Insider Elizabeth Erin Barat Sells 4,682 Shares

AppFolio, Inc. (NASDAQ:APPF) insider Elizabeth Erin Barat sold 4,682 shares of the company’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $227.79, for a total value of $1,066,512.78. Following the completion of the transaction, the insider now owns 17,926 shares of the company’s stock, valued at $4,083,363.54. This trade represents a 20.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

AppFolio Stock Performance

Shares of APPF opened at $225.57 on Friday. The stock has a market capitalization of $8.13 billion, a price-to-earnings ratio of 40.64 and a beta of 0.87. The stock’s 50-day simple moving average is $215.81 and its 200 day simple moving average is $229.28. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56.

AppFolio (NASDAQ:APPF) last announced its earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The business had revenue of $217.70 million during the quarter, compared to the consensus estimate of $220.95 million. AppFolio had a return on equity of 26.21% and a net margin of 25.69%. AppFolio’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.05 earnings per share. On average, research analysts forecast that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Hedge Funds Weigh In On AppFolio

Several institutional investors have recently modified their holdings of the company. Woodline Partners LP increased its position in shares of AppFolio by 2.9% during the 1st quarter. Woodline Partners LP now owns 1,754 shares of the software maker’s stock valued at $386,000 after purchasing an additional 50 shares during the last quarter. Independent Advisor Alliance increased its position in shares of AppFolio by 2.1% during the 4th quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker’s stock valued at $643,000 after purchasing an additional 53 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of AppFolio by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 9,960 shares of the software maker’s stock valued at $2,457,000 after purchasing an additional 60 shares during the last quarter. Fifth Third Bancorp increased its position in shares of AppFolio by 53.0% during the 1st quarter. Fifth Third Bancorp now owns 179 shares of the software maker’s stock valued at $39,000 after purchasing an additional 62 shares during the last quarter. Finally, Tidal Investments LLC increased its position in shares of AppFolio by 4.7% during the 4th quarter. Tidal Investments LLC now owns 1,492 shares of the software maker’s stock valued at $368,000 after purchasing an additional 67 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. DA Davidson raised AppFolio to a “strong-buy” rating in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods dropped their price target on AppFolio from $210.00 to $205.00 and set an “underweight” rating on the stock in a research report on Friday, April 25th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $265.00 price target on shares of AppFolio in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $274.43.

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.