AppFolio (NASDAQ:APPF) Posts Earnings Results, Misses Expectations By $0.34 EPS

AppFolio (NASDAQ:APPF) issued its earnings results on Thursday. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.34), Zacks reports. AppFolio had a return on equity of 30.64% and a net margin of 17.26%. AppFolio updated its FY 2025 guidance to EPS.

AppFolio Price Performance

APPF stock traded up $3.61 during midday trading on Thursday, hitting $253.58. The stock had a trading volume of 388,871 shares, compared to its average volume of 245,183. The business has a 50-day moving average of $253.64 and a two-hundred day moving average of $235.86. The firm has a market cap of $9.21 billion, a price-to-earnings ratio of 70.64 and a beta of 0.87. AppFolio has a 52-week low of $189.01 and a 52-week high of $274.56.

Insider Activity

In other news, CEO William Shane Trigg sold 4,145 shares of the stock in a transaction 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 sale, the chief executive officer now directly owns 73,682 shares of the company’s stock, valued at approximately $19,401,944.24. This represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Matthew S. Mazza sold 926 shares of AppFolio stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $229.04, for a total value of $212,091.04. Following the completion of the transaction, the insider now directly owns 33,819 shares of the company’s stock, valued at approximately $7,745,903.76. This represents a 2.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,606 shares of company stock worth $5,958,832. Corporate insiders own 5.24% of the company’s stock.

Analyst Upgrades and Downgrades

APPF has been the topic of a number of analyst reports. Piper Sandler cut shares of AppFolio from an “overweight” rating to a “neutral” rating and set a $265.00 price objective on the stock. in a research report on Monday, January 6th. Keefe, Bruyette & Woods downgraded AppFolio from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $255.00 to $193.00 in a report on Tuesday, October 15th. Finally, KeyCorp cut AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective for the company. in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, AppFolio currently has an average rating of “Hold” and an average 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.