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 AppFolio stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $217.27, for a total transaction of $760,662.27. Following the sale, the chief executive officer now directly owns 83,824 shares in the company, valued at $18,212,440.48. The trade was a 4.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

Shares of AppFolio stock opened at $211.66 on Friday. The stock has a market capitalization of $7.70 billion, a PE ratio of 38.14 and a beta of 0.88. AppFolio, Inc. has a 52-week low of $189.01 and a 52-week high of $274.56. The company has a 50-day simple moving average of $242.36 and a two-hundred day simple moving average of $233.50.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities research analysts forecast that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC purchased a new position in AppFolio in the fourth quarter worth about $103,503,000. Cache Advisors LLC purchased a new position in shares of AppFolio during the fourth quarter valued at approximately $218,000. Focus Partners Advisor Solutions LLC purchased a new position in shares of AppFolio during the fourth quarter valued at approximately $227,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of AppFolio by 0.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 118,219 shares of the software maker’s stock valued at $29,167,000 after purchasing an additional 502 shares during the last quarter. Finally, Vident Advisory LLC raised its holdings in shares of AppFolio by 32.9% during the fourth quarter. Vident Advisory LLC now owns 6,846 shares of the software maker’s stock valued at $1,689,000 after purchasing an additional 1,696 shares during the last quarter. 85.19% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

APPF has been the topic of a number of research reports. KeyCorp lowered shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price on the stock. 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. Stephens reissued an “overweight” rating and set a $295.00 price target on shares of AppFolio in a research report on Friday, January 31st. Finally, Piper Sandler reissued a “neutral” rating and set a $265.00 price target on shares of AppFolio in a research report on Friday, January 31st. One equities research 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. According to data from MarketBeat.com, AppFolio presently has a consensus 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.