AppFolio, Inc. (NASDAQ:APPF) Major Shareholder Sells $270,000.00 in Stock

AppFolio, Inc. (NASDAQ:APPF) major shareholder Klaus Schauser sold 1,000 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $270.00, for a total transaction of $270,000.00. Following the completion of the transaction, the insider now directly owns 403,000 shares of the company’s stock, valued at $108,810,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Klaus Schauser also recently made the following trade(s):

• On Friday, July 12th, Klaus Schauser sold 1,000 shares of AppFolio stock. The shares were sold at an average price of $260.00, for a total transaction of $260,000.00.

AppFolio Stock Performance

Shares of NASDAQ APPF opened at $230.95 on Friday. AppFolio, Inc. has a 1 year low of $164.29 and a 1 year high of $274.56. The firm’s 50 day moving average price is $242.53 and its 200 day moving average price is $230.78. The firm has a market cap of $8.36 billion, a P/E ratio of 111.57 and a beta of 0.80.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, April 25th. The software maker reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.59 by $0.09. The company had revenue of $187.43 million for the quarter, compared to analyst estimates of $173.66 million. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. As a group, equities analysts predict that AppFolio, Inc. will post 2.85 EPS for the current year.

Hedge Funds Weigh In On AppFolio

Hedge funds have recently made changes to their positions in the stock. Zeno Equity Partners LLP acquired a new position in shares of AppFolio in the 4th quarter valued at $30,000. GAMMA Investing LLC lifted its holdings in shares of AppFolio by 589.5% during the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker’s stock valued at $32,000 after acquiring an additional 112 shares in the last quarter. CWM LLC lifted its holdings in shares of AppFolio by 238.6% during the 2nd quarter. CWM LLC now owns 149 shares of the software maker’s stock valued at $36,000 after acquiring an additional 105 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of AppFolio by 291.3% during the 1st quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker’s stock valued at $44,000 after acquiring an additional 134 shares in the last quarter. Finally, USA Financial Formulas acquired a new position in shares of AppFolio during the 4th quarter valued at $59,000. Institutional investors and hedge funds own 62.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of AppFolio from $260.00 to $328.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. KeyCorp raised their price objective on shares of AppFolio from $275.00 to $300.00 and gave the stock an “overweight” rating in a research note on Friday. StockNews.com raised shares of AppFolio from a “hold” rating to a “buy” rating in a research note on Friday. Stephens reissued an “overweight” rating and set a $241.00 price objective on shares of AppFolio in a research note on Friday, April 26th. Finally, Piper Sandler Companies reissued an “overweight” rating and set a $300.00 price objective on shares of AppFolio in a research note on Friday. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $277.75.

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.