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SANTA BARBARA, CA—Timothy K. Bliss, a director at AppFolio Inc. (NASDAQ:APPF), recently acquired a substantial amount of the company’s Class A Common Stock, according to a regulatory filing. The transactions, which took place over several days in early June, totaled approximately $4.78 million. The purchase comes as AppFolio, currently valued at $7.9 billion, maintains a "GREAT" financial health score according to InvestingPro data, with strong liquidity and moderate debt levels.
Bliss purchased a total of 22,000 shares, with transaction prices ranging from $215.28 to $218.73 per share. These acquisitions were executed in multiple transactions, as detailed in the filing. The company has demonstrated robust performance with a 23% revenue growth in the last twelve months and maintains a healthy gross profit margin of 64%.
Following these purchases, Bliss now directly owns 22,000 shares of AppFolio’s Class A Common Stock. The transactions reflect a significant investment in the company, aligning with his role as a director and indicating confidence in AppFolio’s future prospects. Analyst targets suggest potential upside, with price targets ranging from $205 to $300 per share. Get comprehensive insights and detailed valuation metrics with InvestingPro’s exclusive research report.
In other recent news, AppFolio Inc. reported its first quarter 2025 earnings, revealing a slight miss on both earnings per share (EPS) and revenue forecasts. The company posted an EPS of $1.21, falling short of the expected $1.23, and revenue of $218 million, which was below the anticipated $220.94 million. Despite these misses, AppFolio demonstrated a robust year-over-year revenue growth of 16%, primarily driven by its core solutions and value-added services. The company’s non-GAAP operating margin decreased slightly to 24.3% from 25.7% the previous year, indicating some pressure on profitability. In terms of strategic moves, AppFolio announced a partnership with Second Nature to enhance the resident experience, and a new partnership with Zillow (NASDAQ:ZG) to streamline the leasing process. Additionally, the company repurchased approximately 445,000 shares for $96 million and introduced a new $300 million stock repurchase program. Analysts have noted these developments, but no upgrades or downgrades were reported from major firms. AppFolio’s projections for 2025 suggest continued growth, with annual revenue expected to be between $920 million and $940 million and a non-GAAP operating margin between 24.5% and 26.5%.
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