On November 13, 2024, Matthew Mazza, Chief Legal Officer of AppFolio Inc (APPF, Financial), executed a sale of 5,090 shares of the company. The transaction was documented in a recent SEC Filing. Following this sale, the insider now owns 28,266 shares of AppFolio Inc.
AppFolio Inc provides industry-specific cloud-based software solutions for small and medium-sized businesses in the property and legal markets. The software solutions help streamline operations, providing data-driven insights, and fostering communication between the businesses and their clients.
Over the past year, Matthew Mazza has sold a total of 15,108 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend seen within AppFolio Inc, where there have been 34 insider sells and no insider buys over the past year.
Shares of AppFolio Inc were priced at $236.24 on the day of the sale, positioning the company with a market cap of approximately $8.36 billion. The price-earnings ratio stands at 64.07, which is above the industry median of 26.31.
The stock is currently considered to be Fairly Valued with a price-to-GF Value ratio of 0.99, based on a GF Value of $237.87. The GF Value is a proprietary measure used to determine the fair value of a stock, taking into account historical trading multiples, an adjustment factor based on past performance, and future business projections.
This insider sale might be of interest to investors tracking insider behaviors as an indicator of confidence in the company's current valuation and future business prospects.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
