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 ServiceNow (NYSE:NOW) 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 Intel (NASDAQ:INTC) on 2/3/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Sold $1,001 – $15,000 in shares of Robinhood Markets (NASDAQ:HOOD) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of NVIDIA (NASDAQ:NVDA) 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 Credo Technology Group (NASDAQ:CRDO) on 1/29/2025.

AppFolio Stock Up 1.1 %

APPF stock opened at $217.32 on Friday. The stock has a 50-day simple moving average of $246.82 and a two-hundred day simple moving average of $233.59. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56. The firm has a market capitalization of $7.90 billion, a PE ratio of 39.16 and a beta of 0.88.

AppFolio (NASDAQ:APPF) last issued its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 EPS 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, equities research analysts anticipate that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Insider Activity

In other AppFolio news, major shareholder Maurice J. Duca sold 2,510 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $229.21, for a total value of $575,317.10. Following the completion of the transaction, the insider now directly owns 2,459 shares in the company, valued at approximately $563,627.39. This represents a 50.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Shane Trigg sold 4,145 shares of AppFolio stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $263.32, for a total transaction of $1,091,461.40. Following the sale, the chief executive officer now directly owns 73,682 shares in the company, valued at $19,401,944.24. The trade was a 5.33 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 15,090 shares of company stock valued at $3,739,804. Insiders own 5.24% of the company’s stock.

Hedge Funds Weigh In On AppFolio

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of AppFolio by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker’s stock valued at $615,696,000 after purchasing an additional 91,174 shares during the period. AQR Capital Management LLC boosted its position in AppFolio by 43.2% during the 4th quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker’s stock valued at $161,756,000 after buying an additional 197,700 shares during the period. State Street Corp grew its holdings in AppFolio by 8.2% in the 3rd quarter. State Street Corp now owns 653,136 shares of the software maker’s stock worth $153,748,000 after acquiring an additional 49,238 shares during the last quarter. FMR LLC grew its holdings in AppFolio by 881.2% in the 4th quarter. FMR LLC now owns 597,485 shares of the software maker’s stock worth $147,411,000 after acquiring an additional 536,591 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC increased its position in shares of AppFolio by 4.7% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 572,917 shares of the software maker’s stock valued at $141,350,000 after acquiring an additional 25,566 shares during the period. 85.19% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on APPF shares. Piper Sandler reissued a “neutral” rating and set a $265.00 price objective on shares of AppFolio in a report on Friday, January 31st. Stephens reissued an “overweight” rating and issued a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. KeyCorp downgraded shares of 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. Finally, William Blair reaffirmed an “outperform” rating on shares of AppFolio in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.

About AppFolio

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.