AppFolio, Inc. (NASDAQ:APPF – Get Free Report) General Counsel Evan Pickering sold 660 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $155.25, for a total transaction of $102,465.00. Following the completion of the transaction, the general counsel directly owned 6,555 shares of the company’s stock, valued at $1,017,663.75. This represents a 9.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
AppFolio Trading Down 1.9%
AppFolio stock traded down $3.00 during mid-day trading on Monday, hitting $158.21. The stock had a trading volume of 276,517 shares, compared to its average volume of 368,443. The firm has a market capitalization of $5.59 billion, a P/E ratio of 37.67 and a beta of 0.80. The firm’s 50 day moving average is $160.98 and its 200 day moving average is $187.34. AppFolio, Inc. has a one year low of $142.73 and a one year high of $326.04.
AppFolio (NASDAQ:APPF – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The software maker reported $1.61 EPS for the quarter, beating the consensus estimate of $1.47 by $0.14. AppFolio had a net margin of 15.27% and a return on equity of 32.35%. The business had revenue of $262.21 million during the quarter, compared to the consensus estimate of $258.13 million. During the same quarter in the prior year, the firm earned $1.21 EPS. The business’s revenue was up 20.7% on a year-over-year basis. As a group, equities research analysts forecast that AppFolio, Inc. will post 5.04 earnings per share for the current year.
Institutional Trading of AppFolio
Wall Street Analysts Forecast Growth
APPF has been the subject of several research reports. Benchmark increased their price objective on shares of AppFolio from $222.00 to $226.00 and gave the company a “buy” rating in a report on Friday, April 24th. Weiss Ratings downgraded shares of AppFolio from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday. Piper Sandler dropped their price objective on shares of AppFolio from $245.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 24th. UBS Group set a $210.00 price objective on shares of AppFolio in a report on Friday, April 24th. Finally, Wall Street Zen raised shares of AppFolio from a “hold” rating to a “buy” rating in a report on Sunday, March 15th. Nine equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, AppFolio has a consensus rating of “Moderate Buy” and a consensus target price of $252.29.
Read Our Latest Stock Analysis on APPF
About AppFolio
AppFolio, Inc is a Santa Barbara–based provider of cloud-based software solutions for the property management and legal industries. Founded in 2006 by former software executives, the company went public on the NASDAQ under the symbol APPF in 2015. Its original offering, AppFolio Property Manager, automates accounting, marketing, leasing, and maintenance functions for residential, commercial, student housing, and community association managers.
In 2019, AppFolio expanded its portfolio with the acquisition of MyCase, a web-based legal practice management platform for small to mid-size law firms.
Featured Articles
- Five stocks we like better than AppFolio
- These 5 Companies Just Made a Massive Bet on Themselves
- 5 Stocks Built to Thrive in a Higher-for-Longer Economy
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
Receive News & Ratings for AppFolio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AppFolio and related companies with MarketBeat.com's FREE daily email newsletter.
