AppFolio, Inc. (NASDAQ:APPF) CEO Sells $760,662.27 in Stock

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

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 stock was sold at an average price of $263.32, for a total value of $1,091,461.40.

AppFolio Price Performance

AppFolio stock opened at $211.66 on Friday. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 38.14 and a beta of 0.88. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56. The firm has a fifty day moving average price of $242.36 and a two-hundred day moving average price of $233.68.

AppFolio (NASDAQ:APPF) last released its earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share 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, sell-side analysts expect that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC acquired a new position in AppFolio during the 4th quarter worth $103,503,000. Cache Advisors LLC bought a new position in shares of AppFolio during the 4th quarter worth about $218,000. Focus Partners Advisor Solutions LLC bought a new position in shares of AppFolio during the 4th quarter worth about $227,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of AppFolio by 0.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 118,219 shares of the software maker’s stock worth $29,167,000 after purchasing an additional 502 shares during the period. Finally, Vident Advisory LLC increased its holdings in shares of AppFolio by 32.9% during the 4th quarter. Vident Advisory LLC now owns 6,846 shares of the software maker’s stock worth $1,689,000 after purchasing an additional 1,696 shares during the period. Institutional investors and hedge funds own 85.19% of the company’s stock.

Analyst Ratings Changes

APPF has been the subject of several recent research reports. Stephens reissued an “overweight” rating and issued a $295.00 target price on shares of AppFolio in a research report on Friday, January 31st. Piper Sandler reiterated a “neutral” rating and issued a $265.00 price objective on shares of AppFolio in a report on Friday, January 31st. William Blair restated an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Finally, KeyCorp downgraded 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $276.29.

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.