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

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

AppFolio Stock Up 0.6%

NASDAQ:APPF opened at $247.96 on Friday. AppFolio, Inc. has a twelve month low of $190.24 and a twelve month high of $326.04. The firm has a market capitalization of $8.91 billion, a price-to-earnings ratio of 44.52 and a beta of 0.83. The stock’s 50 day moving average price is $255.56 and its two-hundred day moving average price is $247.61.

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

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on APPF shares. KeyCorp lowered their price objective on shares of AppFolio from $285.00 to $270.00 and set an “overweight” rating on the stock in a research note on Friday, October 31st. Weiss Ratings downgraded AppFolio from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday. DA Davidson dropped their price objective on AppFolio from $375.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Piper Sandler upgraded AppFolio from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $240.00 to $350.00 in a research note on Friday, August 1st. Finally, Keefe, Bruyette & Woods upgraded 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. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $310.20.

Institutional Trading of AppFolio

Large investors have recently modified their holdings of the stock. Northern Trust Corp grew its position in shares of AppFolio by 0.8% in the 1st quarter. Northern Trust Corp now owns 193,780 shares of the software maker’s stock valued at $42,612,000 after buying an additional 1,493 shares during the last quarter. HighTower Advisors LLC raised its position in shares of AppFolio by 94.1% during the first quarter. HighTower Advisors LLC now owns 2,882 shares of the software maker’s stock worth $634,000 after acquiring an additional 1,397 shares during the last quarter. United Services Automobile Association acquired a new position in shares of AppFolio in the first quarter worth approximately $311,000. Park Avenue Securities LLC bought a new stake in AppFolio in the second quarter valued at approximately $288,000. Finally, US Bancorp DE increased its position in AppFolio by 2,549.2% during the 1st quarter. US Bancorp DE now owns 1,722 shares of the software maker’s stock valued at $379,000 after purchasing an additional 1,657 shares during the period. 85.19% of the stock is owned by institutional investors and hedge funds.

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.