Rep. Robert Bresnahan, Jr. Sells Off Shares of AppFolio, Inc. (NASDAQ:APPF)

Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of AppFolio, Inc. (NASDAQ:APPF). In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in AppFolio stock on January 13th.

Representative Robert Bresnahan, Jr. also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Lowe’s Companies (NYSE:LOW) on 2/7/2025.
• Purchased $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Take-Two Interactive Software (NASDAQ:TTWO) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of ServiceNow (NYSE:NOW) on 2/3/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Manhattan Associates (NASDAQ:MANH) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) on 1/29/2025.

AppFolio Stock Performance

Shares of APPF opened at $217.32 on Friday. The stock has a market capitalization of $7.90 billion, a PE ratio of 39.16 and a beta of 0.88. AppFolio, Inc. has a 1 year low of $189.01 and a 1 year high of $274.56. The company’s 50-day simple moving average is $246.82 and its 200-day simple moving average is $233.49.

AppFolio (NASDAQ:APPF) last issued its earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. On average, sell-side analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Hedge Funds Weigh In On AppFolio

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. grew its position in shares of AppFolio by 85.7% during the third quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after acquiring an additional 54 shares during the last quarter. UMB Bank n.a. grew its position in shares of AppFolio by 193.0% during the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock worth $41,000 after acquiring an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of AppFolio during the fourth quarter worth approximately $50,000. Aster Capital Management DIFC Ltd grew its position in shares of AppFolio by 10,300.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker’s stock worth $51,000 after acquiring an additional 206 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of AppFolio by 1,485.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 222 shares of the software maker’s stock worth $55,000 after acquiring an additional 208 shares during the last quarter. 85.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at AppFolio

In related news, CEO William Shane Trigg sold 4,145 shares of AppFolio stock in a transaction on Friday, December 6th. The shares were sold at an average price of $263.32, for a total value of $1,091,461.40. Following the transaction, the chief executive officer now directly owns 73,682 shares in the company, valued at $19,401,944.24. This trade represents a 5.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Maurice J. Duca sold 1,059 shares of AppFolio stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $229.10, for a total transaction of $242,616.90. Following the completion of the transaction, the insider now owns 9,388 shares in the company, valued at approximately $2,150,790.80. This trade represents a 10.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,090 shares of company stock worth $3,739,804. Insiders own 5.24% of the company’s stock.

Wall Street Analyst Weigh In

APPF has been the topic of several analyst reports. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a report on Friday, January 31st. Stephens reaffirmed an “overweight” rating and issued a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. KeyCorp cut shares of AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price objective on the stock. in a report on Friday, January 10th. Finally, Piper Sandler reissued a “neutral” rating and set a $265.00 price objective on shares of AppFolio in a report on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $276.29.

About Representative Bresnahan

Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 8th Congressional District. He declared candidacy for the 2026 election.

Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.

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.