AppFolio, Inc. (NASDAQ:APPF) Insider Matthew S. Mazza Sells 838 Shares

AppFolio, Inc. (NASDAQ:APPF) insider Matthew S. Mazza sold 838 shares of the stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total transaction of $213,941.40. Following the transaction, the insider now directly owns 22,701 shares in the company, valued at $5,795,565.30. The trade was a 3.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link.

AppFolio Stock Performance

Shares of APPF opened at $254.82 on Tuesday. AppFolio, Inc. has a 52 week low of $189.01 and a 52 week high of $274.56. The company has a market capitalization of $9.26 billion, a PE ratio of 70.98 and a beta of 0.87. The company’s 50 day moving average price is $252.64 and its 200 day moving average price is $235.80.

Institutional Trading of AppFolio

Institutional investors have recently bought and sold shares of the company. Tidal Investments LLC raised its stake in shares of AppFolio by 2.9% during the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock worth $335,000 after purchasing an additional 40 shares in the last quarter. Exchange Traded Concepts LLC raised its position in AppFolio by 6.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock valued at $158,000 after acquiring an additional 40 shares in the last quarter. Blue Trust Inc. lifted its stake in AppFolio by 85.7% in the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after acquiring an additional 54 shares during the last quarter. Nisa Investment Advisors LLC grew its position in AppFolio by 11.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock worth $152,000 after acquiring an additional 65 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. raised 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 purchasing an additional 100 shares in the last quarter. Institutional investors and hedge funds own 85.19% of the company’s stock.

Analysts Set New Price Targets

APPF has been the subject of a number of research analyst reports. KeyCorp downgraded AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target for the company. in a report on Friday, January 10th. Keefe, Bruyette & Woods lowered AppFolio from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $255.00 to $193.00 in a report on Tuesday, October 15th. Finally, Piper Sandler downgraded AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 price target on the stock. in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $268.57.

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.