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Matthew S. Mazza, Chief Trust Officer at Appfolio Inc (NASDAQ:APPF), sold a total of 3,000 shares of Class A Common Stock in two separate transactions, netting $836,109. The sale comes as Appfolio, currently valued at $10.05 billion, maintains a GREAT financial health score according to InvestingPro metrics.
On September 11, 2025, Mazza sold 1,364 shares at a price of $280.77 per share. Following this, on September 15, 2025, he sold an additional 1,636 shares at $276.98 per share. Following these transactions, Mazza directly owns 25,015 shares of Appfolio. The stock has shown strong momentum with a 27% gain over the past six months, and analysts have set price targets ranging from $311 to $375. Get deeper insights into insider trading patterns and comprehensive analysis with InvestingPro’s detailed research reports.
In other recent news, AppFolio reported strong second-quarter results for 2025, with earnings per share reaching $1.38, surpassing analyst expectations of $1.27. The company’s revenue also exceeded forecasts, totaling $236 million compared to the anticipated $230.1 million. Piper Sandler upgraded AppFolio’s stock rating from Neutral to Overweight, raising its price target to $350, citing growth acceleration as a key factor. DA Davidson also increased its price target for AppFolio to $375 from $350, maintaining a Buy rating after discussions with the company’s VP of Finance. Similarly, Keefe, Bruyette & Woods raised their price target to $311, expecting revenue growth to accelerate in the coming quarters. Additionally, AppFolio announced the appointment of Tim Eaton as the permanent Chief Financial Officer, effective July 30. Eaton has been with the company since 2020 and previously served as Interim CFO. These developments reflect AppFolio’s ongoing strategic initiatives and leadership changes.
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