<div id="readability-page-1"><p>AppFolio, Inc. (NASDAQ:APPF - Get Free Report) dropped 5% during trading on Friday following insider selling activity. The stock traded as low as $245.00 and last traded at $246.11. Approximately 68,665 shares were traded during trading, a decline of 77% from the average daily volume of 300,091 shares. The stock had previously closed at $259.07.Specifically, insider Matthew S. Mazza sold 2,131 shares of the business's stock in a transaction on Monday, May 13th. The stock was sold at an average price of $249.46, for a total value of $531,599.26. Following the completion of the transaction, the insider now owns 43,680 shares in the company, valued at $10,896,412.80. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. In other news, insider Matthew S. Mazza sold 2,131 shares of the business's stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $249.46, for a total transaction of $531,599.26. Following the completion of the transaction, the insider now directly owns 43,680 shares of the company's stock, valued at $10,896,412.80. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Maurice J. Duca sold 2,600 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $229.65, for a total transaction of $597,090.00. Following the completion of the transaction, the insider now owns 52,400 shares in the company, valued at $12,033,660. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,444 shares of company stock worth $31,124,559. Insiders own 9.15% of the company's stock.</p><h2>Wall Street Analysts Forecast Growth</h2><p>A number of analysts have commented on APPF shares. JPMorgan Chase &amp; Co. upped their price target on AppFolio from $260.00 to $328.00 and gave the stock an &#34;overweight&#34; rating in a research report on Wednesday, July 17th. Piper Sandler Companies reissued an &#34;overweight&#34; rating and issued a $300.00 target price on shares of AppFolio in a report on Friday. KeyCorp lifted their price target on shares of AppFolio from $264.00 to $275.00 and gave the company an &#34;overweight&#34; rating in a report on Friday, April 26th. Piper Sandler increased their price objective on shares of AppFolio from $295.00 to $300.00 and gave the stock an &#34;overweight&#34; rating in a research note on Friday. Finally, Keefe, Bruyette &amp; Woods raised their price objective on shares of AppFolio from $215.00 to $238.00 and gave the company a &#34;market perform&#34; rating in a research report on Friday, April 26th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of &#34;Moderate Buy&#34; and an average target price of $267.13.</p><p><b>Get Our Latest Analysis on APPF</b></p><h2>AppFolio Stock Down 1.9 %</h2><p>The business's 50-day simple moving average is $242.72 and its two-hundred day simple moving average is $230.34. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of 125.16 and a beta of 0.80. </p><p>AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings results on Thursday, April 25th. The software maker reported $0.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.59 by $0.09. AppFolio had a net margin of 11.38% and a return on equity of 13.51%. The firm had revenue of $187.43 million for the quarter, compared to analysts' expectations of $173.66 million. On average, analysts expect that AppFolio, Inc. will post 2.85 earnings per share for the current year. </p><h2>Institutional Inflows and Outflows</h2><p>A number of large investors have recently bought and sold shares of APPF. GAMMA Investing LLC raised its holdings in shares of AppFolio by 589.5% in the 2nd quarter. GAMMA Investing LLC now owns 131 shares of the software maker's stock valued at $32,000 after buying an additional 112 shares during the period. CWM LLC raised its stake in shares of AppFolio by 238.6% in the second quarter. CWM LLC now owns 149 shares of the software maker's stock valued at $36,000 after acquiring an additional 105 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in AppFolio by 291.3% in the first quarter. Advisors Asset Management Inc. now owns 180 shares of the software maker's stock valued at $44,000 after purchasing an additional 134 shares during the period. USA Financial Formulas purchased a new stake in AppFolio during the 4th quarter worth about $59,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of AppFolio during the fourth quarter worth about $64,000. Institutional investors and hedge funds own 62.34% of the company's stock. </p><h2>AppFolio Company Profile</h2> (Get Free Report)<p>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.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than AppFolio</li><li>How to Use Stock Screeners to Find Stocks</li><li>3M Surprises and Rebound Accelerates: It Isn’t Too Late To Get In</li><li>CD Calculator: Certificate of Deposit Calculator </li><li>Skechers Stock Shows Strength Among Consumer Discretionary Sector</li><li>How to Invest in the FAANG Stocks</li><li>Tech Stocks Tumble, These Stocks Present Buying Opportunity</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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APPF

<p>AppFolio (NASDAQ:APPF) shares dropped 5% following insider selling activity. Insiders have sold a significant amount of company stock in the last three months. Analysts have given the stock a "Moderate Buy" rating with an average target price of $267.13. The company reported strong quarterly earnings, beating analysts' estimates. The stock has a market cap of $9.20 billion and a price-to-earnings ratio of 125.16. Large investors have been buying and selling shares of APPF.</p>

AppFolio (NASDAQ:APPF) Shares Down 5% Following Insider Selling