AppFolio (NASDAQ:APPF) CFO Timothy Mathias Eaton Sells 373 Shares

AppFolio, Inc. (NASDAQ:APPF) CFO Timothy Mathias Eaton sold 373 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $202.61, for a total transaction of $75,573.53. Following the completion of the transaction, the chief financial officer owned 16,714 shares in the company, valued at approximately $3,386,423.54. This represents a 2.18% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Timothy Mathias Eaton also recently made the following trade(s):

• On Friday, June 12th, Timothy Mathias Eaton sold 2,585 shares of AppFolio stock. The shares were sold at an average price of $160.07, for a total transaction of $413,780.95.

AppFolio Stock Performance

Shares of APPF opened at $218.85 on Friday. The firm has a market cap of $7.75 billion, a P/E ratio of 49.97 and a beta of 0.78. AppFolio, Inc. has a 52 week low of $142.56 and a 52 week high of $288.73. The firm’s 50-day simple moving average is $176.27 and its 200 day simple moving average is $170.40.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, July 23rd. The software maker reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.02. AppFolio had a net margin of 15.13% and a return on equity of 32.42%. The firm had revenue of $281.12 million during the quarter, compared to the consensus estimate of $277.35 million. During the same period last year, the business posted $1.38 earnings per share. The business’s revenue for the quarter was up 19.3% compared to the same quarter last year. As a group, equities analysts forecast that AppFolio, Inc. will post 5.16 earnings per share for the current year.

AppFolio News Roundup

Here are the key news stories impacting AppFolio this week:

• Positive Sentiment: Wall Street commentary remains broadly bullish on AppFolio (APPF), suggesting analysts see additional upside based on the company’s growth prospects and recent operating performance. AppFolio’s latest reported quarter included an EPS and revenue beat, with revenue increasing 19.3% year over year. Is It Worth Investing in AppFolio Based on Wall Street’s Bullish Views?
• Positive Sentiment: AppFolio’s FUTURE 2026 conference is highlighting strategies and technology designed to help property managers improve performance and close operational gaps. The event reinforces the company’s positioning in property-management software, although it does not include a new financial forecast or major contract announcement. The Property Performance Gap Is Widening: FUTURE 2026
• Neutral Sentiment: CFO Timothy Mathias Eaton sold 373 shares for approximately $75,574, reducing his holdings by 2.18%. Because the transaction was executed under a 10b5-1 plan and represents a small portion of his remaining stake, it is a limited negative signal. AppFolio CFO Form 4 Filing
• Negative Sentiment: Major shareholder Maurice J. Duca reported multiple 10b5-1 sales totaling roughly 15,057 shares and about $3.1 million across several accounts. The sizable reduction in certain positions could pressure investor sentiment, although the pre-arranged nature of the trades suggests they were scheduled in advance rather than driven by a newly disclosed business concern. Maurice J. Duca AppFolio Stake Sales

Institutional Trading of AppFolio

Several institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its position in shares of AppFolio by 101.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 111 shares of the software maker’s stock worth $26,000 after acquiring an additional 56 shares in the last quarter. Optiver Holding B.V. lifted its holdings 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in shares of AppFolio by 48.8% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 192 shares of the software maker’s stock valued at $53,000 after buying an additional 63 shares during the last quarter. Advisory Services Network LLC acquired a new position in AppFolio during the 3rd quarter valued at about $55,000. Finally, Employees Retirement System of Texas purchased a new position in shares of AppFolio during the third quarter valued at approximately $58,000. 85.19% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on APPF. UBS Group set a $210.00 price target on shares of AppFolio in a report on Friday, April 24th. KeyCorp reiterated an “overweight” rating on shares of AppFolio in a report on Monday, July 6th. Guggenheim started coverage on shares of AppFolio in a research report on Wednesday, July 22nd. They set a “buy” rating and a $232.00 target price on the stock. DA Davidson set a $225.00 target price on shares of AppFolio in a report on Friday, July 24th. Finally, Weiss Ratings upgraded shares of AppFolio from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 11th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $243.50.

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.