William Shane Trigg Sells 3,501 Shares of AppFolio, Inc. (NASDAQ:APPF) Stock

AppFolio, Inc. (NASDAQ:APPF) CEO William Shane Trigg sold 3,501 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $217.27, for a total transaction of $760,662.27. Following the completion of the sale, the chief executive officer now directly owns 83,824 shares of the company’s stock, valued at approximately $18,212,440.48. The trade was a 4.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Friday, December 6th, William Shane Trigg sold 4,145 shares of AppFolio stock. The shares were sold at an average price of $263.32, for a total transaction of $1,091,461.40.

AppFolio Stock Performance

NASDAQ:APPF traded up $1.34 during trading hours on Thursday, reaching $216.23. The company’s stock had a trading volume of 326,230 shares, compared to its average volume of 291,186. The company has a market capitalization of $7.87 billion, a P/E ratio of 38.96 and a beta of 0.88. AppFolio, Inc. has a 12 month low of $189.01 and a 12 month high of $274.56. The stock has a 50 day moving average price of $244.26 and a two-hundred day moving average price of $233.57.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. As a group, analysts predict that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on APPF. KeyCorp downgraded shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target for the company. in a research note on Friday, January 10th. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. Piper Sandler reaffirmed a “neutral” rating and set a $265.00 price target on shares of AppFolio in a research note on Friday, January 31st. Finally, Stephens reaffirmed an “overweight” rating and set a $295.00 price target on shares of AppFolio in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $276.29.

Hedge Funds Weigh In On AppFolio

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in AppFolio by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker’s stock worth $615,696,000 after purchasing an additional 91,174 shares during the last quarter. AQR Capital Management LLC grew its holdings in AppFolio by 43.2% in the fourth quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker’s stock worth $161,756,000 after purchasing an additional 197,700 shares during the last quarter. State Street Corp grew its holdings in AppFolio by 8.2% in the third quarter. State Street Corp now owns 653,136 shares of the software maker’s stock worth $153,748,000 after purchasing an additional 49,238 shares during the last quarter. FMR LLC grew its holdings in AppFolio by 881.2% in the fourth quarter. FMR LLC now owns 597,485 shares of the software maker’s stock worth $147,411,000 after purchasing an additional 536,591 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its holdings in shares of AppFolio by 4.7% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 572,917 shares of the software maker’s stock valued at $141,350,000 after buying an additional 25,566 shares during the last quarter. 85.19% of the stock is owned by hedge funds and other institutional investors.

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.