AppFolio, Inc. (NASDAQ:APPF) CEO William Shane Trigg Sells 4,145 Shares

AppFolio, Inc. (NASDAQ:APPF) CEO William Shane Trigg sold 4,145 shares of the stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $263.32, for a total value of $1,091,461.40. Following the completion of the sale, the chief executive officer now owns 73,682 shares of the company’s stock, valued at approximately $19,401,944.24. This trade represents a 5.33 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

William Shane Trigg also recently made the following trade(s):

• On Friday, November 15th, William Shane Trigg sold 3,500 shares of AppFolio stock. The shares were sold at an average price of $229.85, for a total value of $804,475.00.

AppFolio Stock Up 0.3 %

APPF stock opened at $256.61 on Wednesday. The business has a 50 day moving average of $228.90 and a 200 day moving average of $232.15. The firm has a market cap of $9.32 billion, a PE ratio of 71.48 and a beta of 0.86. AppFolio, Inc. has a twelve month low of $164.29 and a twelve month high of $274.56.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings results on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.26. The firm had revenue of $206.00 million during the quarter, compared to the consensus estimate of $199.11 million. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. The company’s revenue was up 24.5% on a year-over-year basis. During the same period last year, the company earned $0.26 earnings per share. On average, research analysts expect that AppFolio, Inc. will post 3.23 earnings per share for the current fiscal year.

Institutional Investors Weigh In On AppFolio

Several large investors have recently bought and sold shares of the business. Tidal Investments LLC grew its stake in shares of AppFolio by 2.9% in the third quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock worth $335,000 after acquiring an additional 40 shares during the period. Brighton Jones LLC boosted its holdings in AppFolio by 0.9% in the second quarter. Brighton Jones LLC now owns 5,805 shares of the software maker’s stock worth $1,420,000 after purchasing an additional 49 shares during the last quarter. Blue Trust Inc. grew its position in AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after purchasing an additional 54 shares during the period. Northwest & Ethical Investments L.P. lifted its holdings in shares of AppFolio by 16.0% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 725 shares of the software maker’s stock valued at $171,000 after buying an additional 100 shares during the period. Finally, ProShare Advisors LLC boosted its stake in shares of AppFolio by 2.9% in the 2nd quarter. ProShare Advisors LLC now owns 3,630 shares of the software maker’s stock worth $888,000 after buying an additional 102 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on APPF shares. Piper Sandler dropped their target price on shares of AppFolio from $300.00 to $265.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. StockNews.com downgraded shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Keefe, Bruyette & Woods cut AppFolio from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $255.00 to $193.00 in a research report on Tuesday, October 15th. Finally, KeyCorp reduced their target price on AppFolio from $300.00 to $252.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $261.75.

About AppFolio

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.