AppFolio, Inc. (NASDAQ:APPF – Get Free Report) major shareholder Maurice Duca sold 1,800 shares of AppFolio stock in a transaction that occurred on Monday, July 20th. The shares were sold at an average price of $180.00, for a total value of $324,000.00. Following the sale, the insider directly owned 35,798 shares in the company, valued at $6,443,640. The trade was a 4.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
AppFolio Price Performance
Shares of NASDAQ:APPF opened at $186.99 on Thursday. The business’s fifty day moving average price is $165.82 and its two-hundred day moving average price is $172.41. AppFolio, Inc. has a fifty-two week low of $142.56 and a fifty-two week high of $326.04. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 42.69 and a beta of 0.79.
AppFolio (NASDAQ:APPF – Get Free Report) last announced its earnings results on Thursday, July 23rd. The software maker reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.69 by $0.02. The business had revenue of $281.12 million during the quarter, compared to analysts’ expectations of $277.35 million. AppFolio had a net margin of 15.13% and a return on equity of 32.42%. The firm’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter last year, the company posted $1.38 EPS. Research analysts expect that AppFolio, Inc. will post 5.16 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Check Out Our Latest Research Report on AppFolio
More AppFolio News
Here are the key news stories impacting AppFolio this week:
- Positive Sentiment: Zacks upgraded AppFolio to Rank #1 (Strong Buy), citing growing optimism around the company’s earnings prospects. The upgrade may be supporting renewed buying interest. AppFolio upgraded to Strong Buy
- Positive Sentiment: Zacks also characterized APPF as a solid growth stock, pointing to growth attributes that could support attractive long-term returns. AppFolio’s latest quarterly results showed revenue growth of 19.3% year over year, with earnings and revenue modestly exceeding consensus estimates. AppFolio growth stock analysis
- Positive Sentiment: Wall Street’s average price target implies approximately 25.5% potential upside from recent levels. While price targets are not guarantees, analysts’ positive earnings-estimate revisions provide an additional bullish signal. AppFolio analyst price target
- Positive Sentiment: APPF recently moved above its 20-day moving average, suggesting improving short-term momentum and helping reinforce the bullish trading narrative. AppFolio technical breakout
- Neutral Sentiment: Analyst coverage remains broadly favorable, with a consensus “Buy” rating and several targets above the current market level. However, one research firm recently downgraded the stock to “Hold,” while Piper Sandler lowered its target, highlighting valuation and execution risks.
- Negative Sentiment: Major shareholder Maurice Duca disclosed sales totaling 12,500 shares for roughly $2.27 million across July 17 and July 20. The transactions were made under a pre-arranged Rule 10b5-1 plan, which reduces their significance as a discretionary bearish signal, but insider selling can still weigh modestly on sentiment. AppFolio major shareholder share sales
Institutional Trading of AppFolio
Institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC raised its position in shares of AppFolio by 101.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 111 shares of the software maker’s stock valued at $26,000 after acquiring an additional 56 shares during the last quarter. Optiver Holding B.V. boosted its position in shares of AppFolio by 827.8% in the 1st quarter. Optiver Holding B.V. now owns 167 shares of the software maker’s stock worth $26,000 after purchasing an additional 149 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of AppFolio by 48.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the software maker’s stock worth $53,000 after purchasing an additional 63 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of AppFolio during the third quarter worth $55,000. Finally, Employees Retirement System of Texas bought a new stake in AppFolio in the third quarter valued at about $58,000. Institutional investors and hedge funds own 85.19% of the company’s stock.
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.
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