Gain detailed insights into the trading activity of Congress members for AppFolio on our government trades page. Stay updated on how elected officials are investing in APPF.

AppFolio - Government Trades

AppFolio

AppFolio Inc is a provider of cloud-based software solutions for real estate industry. Its property management software provides property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager). It also offers value-added services, such as screening, risk mitigation and electronic payment services. The business activity of the firm predominantly functions through the United States and it generates revenue in the form of subscription fees.

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Charles Schwab, Applied Materials And 2 Other Stocks Insiders Are Selling

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AppFolio (NASDAQ: APPF) is constantly striving to retain its leading position in the U.S. property management software market and is leveraging AI to streamline the customer onboarding process.

Why You Should Add AppFolio Stock to Your Portfolio Now

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Science Applications International Corporation&#39;s (NASDAQ: SAIC) shares plunged 11.8% on Monday after the company reported lower-than-expected bottom-line results for the first quarter of fiscal 2025.

Science Applications Q1 Earnings Miss, Shares Fall 12%

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Intuit (NASDAQ: INTU) reported fiscal third-quarter 2024 non-GAAP earnings of $9.88 per share, which beat the Zacks Consensus Estimate by 5.78%. The bottom line jumped 11% from the year-ago quarter.
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Intuit Q3 Earnings Beat Estimates, Revenues Rise Y/Y

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Why Aon Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

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Skechers Reports Upbeat Earnings, Joins Tutor Perini, AppFolio, Newell Brands And Other Big Stocks Moving Higher On Friday

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U.S. stocks traded mixed toward the end of trading, with the Nasdaq Composite falling over 50 points on Friday

The Dow traded up 0.05% to 38,069.66 while the NASDAQ fell 0.4% to 15,447.78. The S&amp;P 500 also fell, dropping, 0.15% to 4,886.79.

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Shares of Intel Corporation (NASDAQ: INTC) fell sharply during Friday’s session. Intel reported upbeat results for its fourth quarter, but issued a weak forecast for the first quarter.

Why Intel Shares Are Trading Lower By Over 10%? Here Are Other Stocks Moving In Friday&#39;s Mid-Day Session

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining over 100 points on Friday.

The Dow traded up 0.32% to 38,170.95 while the NASDAQ rose 0.10% to 15,525.24. The S&amp;P 500 also rose, gaining, 0.19% to 4,903.28.

Crude Oil Down 1%; American Express Shares Rise After Q4 Results

AppFolio Inc

Livly Announces Strategic Partnership With AppFolio to Integrate Resident Experience Platform With Property Management Software, Setting New Standard for Multifamily Property Managers and Residents

The Nasdaq 100 closed lower by over 1% on Monday. Investors, meanwhile, focused on some notable insider trades.
When insiders sell shares, it could be a preplanned sale, or could indicate their concern in the company's prospects or that they view the stock as being overpriced. Insider sales should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a selling decision.
Below is a look at a few recent notable insider sales. For more, check out <a href="https://www.benzinga.com/sec/insider-trades/">Benzinga&#8217;s insider transactions</a> platform.
<h3 class="wp-block-heading">AppFolio</h3>
<ul>
<li>The Trade: AppFolio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) Director Maurice J Duca <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 11,746 shares</a> at an average price of $231.52. The insider received around $2.72 million from selling those shares.</li>
<li>What's Happening: On June 10, Piper Sandler analyst Brent Bracelin initiated coverage on AppFolio with an Overweight rating and announced a price target of $295.</li>
<li>What AppFolio Does: AppFolio Inc is a provider of cloud-based software solutions for real estate industry.</li>
</ul>
Have a look at our <a href="https://www.benzinga.com/premarket/">premarket coverage her</a>e
<h3 class="wp-block-heading">SEI Investments</h3>
<ul>
<li>The Trade: SEI Investments Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEIC#NASDAQ">SEIC</a>) Director William Doran <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 5,000 shares</a> at an average price of $67.04. The insider received around $335,200 from selling those shares.</li>
<li>What's Happening: On May 29, SEI declared a dividend of 46 cents per share.</li>
<li>What SEI Investments Does: SEI Investments provides investment processing, management, and operations services to financial institutions, asset managers, asset owners, and financial advisors in four material segments: private banks, investment advisors, institutional investors, and investment managers.</li>
</ul>
<h3 class="wp-block-heading">Charles Schwab</h3>
<ul>
<li>The Trade: The Charles Schwab Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>) Director Carolyn Schwab-Pomerantz <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 9,000 shares</a> at an average price of $72.49. The insider received around $652,373 from selling those shares.</li>
<li>What's Happening: On June 17, Keefe, Bruyette &amp; Woods analyst Kyle Voigt maintained Charles Schwab with a Market Perform and maintained a $76 price target.</li>
<li>What Charles Schwab Does: Charles Schwab operates in brokerage, wealth management, banking, and asset management.</li>
</ul>
<h3 class="wp-block-heading">Applied Materials</h3>
<ul>
<li>The Trade: Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) Director Thomas J Iannotti <a href="https://www.benzinga.com/sec/insider-trades/">sold a total of 9,827 shares</a> at an average price of $236.65. The insider received around $2.3 million from selling those shares.</li>
<li>What's Happening: On June 20, B. Riley Securities analyst Craig Ellis maintained Applied Materials with a Buy and raised the price target from $255 to $300.</li>
<li>What Applied Materials Does: Applied Materials is the largest semiconductor wafer fabrication equipment, or WFE, manufacturer in the world.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/06/39477090/this-cloudflare-analyst-is-no-longer-bearish-here-are-top-5-upgrades-for-tuesday">This Cloudflare Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Tuesday</a>

AppFolio Announces Innovations To Advance Real Estate Technology; New Capabilities In AppFolio Realm-X, Enhancements To Student And Affordable Housing Solutions, And New AppFolio Stack Marketplace Partners

AppFolio (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>) is constantly striving to retain its leading position in the U.S. property management software market and is leveraging AI to streamline the customer onboarding process.
APPF aims to capture customers through the launch of innovative products, and its growth strategy involves migrating customers that use similar products in the market.
AppFolio has gained 33.5% in the year-to-date period, outperforming the Zacks Internet-Software Industry, which has returned 11.6% in the same timeframe.
This Zacks Rank #1 (Strong Buy) stock has a Growth Style Score of A, a favorable combination that offers a strong investment opportunity, per the Zacks Proprietary methodology.
<div class="chart_embed">
<h3>AppFolio, Inc. Price and Consensus</h3>
<h3><img alt="AppFolio, Inc. Price and Consensus" src="https://staticx-tuner.zacks.com/images/charts/af/1718113231.png" style="height:276px; width:610px" title="" /></h3>
AppFolio, Inc. price-consensus-chart | AppFolio, Inc. Quote
</div>
<h3>Robust Portfolio Boosts Competitive Prowess</h3>
APPF provides a range of property management services through AppFolio Property Manager Core, Plus and Max. It offers some value-added services, including online transaction services for property managers, tenant screening services and event insurance services to renters and landlords.
AppFolio operates in a range of verticals and has numerous competitors. The company competes with Entrata, RealPage, Buildium and Yardi in the property management software space. APPF also competes with TransUnion (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/tru#NYSE">TRU</a>) Smartmove, RentSpree and TurboTenant in the tenant screening market space.
AppFolio has many advantages over its competitors. For instance, while customers may use TransUnion Smartmove for tenant screening, to get a holistic tenancy management that involves tenant and lease tracking, communication tools for tenant interaction and lease management, including renewal and reminders, they need APPF or other property management software.
<h3>AppFolio leverages AI for Smoother Customer Migrations</h3>
The customers of property management software companies include land owners, real estate investors, housing associations, property managers, and rental managers. These customers are often dissuaded by the lengthy onboarding process, which involves manual data migration and system setup, which makes them reluctant to switch from one property management software to another.
After the integration of AI into its platform, the company has been able to migrate customers 22% faster than before by using generative AI. Currently, APPF&#39;s property management software holds the largest market in the U.S., according to a report by 6sense.
The recent addition of generative AI features in AppFolio&#39;s software enables customers to input their financial, business and other foundational data into the platform at their own pace. The platform now leverages a conversational AI assistant, Realm-X, to reduce repetitive tasks, complete tasks and resolve queries.
This new addition to the platform is in line with AppFolio&#39;s long history of automating customer&#39;s tasks to improve experience. In the past, APPF had partnered with DocuSign (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/docu#NASDAQ">DOCU</a>) and AvidXchange (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/avdx#NASDAQ">AVDX</a>) to streamline its customer experience.
AppFolio partnered with DocuSign in 2021 to automate and streamline its signing process through electronic signature. APPF partnered with AvidXchange to streamline the processing of invoices and payments.
APPF&#39;s persistent efforts to improve its offerings have contributed to its customer base, which grew 6% year over year to 19,941 customers in the first quarter of 2024.
<h3>Conclusion</h3>
AppFolio&#39;s focus on generative AI investments bodes well in the long term. APPF anticipates to grow at this pace, as reflected in its fiscal 2024 outlook. The company projects its revenues to be in the range of $766 million to $774 million.
The Zacks consensus estimate for the same has been pegged at $773.8 million, indicating year-over-year growth of 24.7%. AppFolio&#39;s earnings for fiscal 2024 has been revised upwards by 16 cents from $3.84 to $4 in the past 60 days.
The Zacks Consensus Estimate for earnings for fiscal 2024 is pegged at $4, indicating year-over-year growth of 134%. AppFolio&#39;s earnings for fiscal 2024 have been revised upward by 16 cents, from $3.84 to $4 in the past 60 days.
<a href="https://www.zacks.com/stock/news/2286826/why-you-should-add-appfolio-appf-stock-to-your-portfolio-now?cid=CS-BENZ-FT-analyst_blog|rank_focused-2286826">To read this article on Zacks.com click here.</a>

Providing a diverse range of perspectives from bullish to bearish, 5 analysts have published ratings on AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $262.6, a high estimate of $295.00, and a low estimate of $238.00. Marking an increase of 7.48%, the current average surpasses the previous average price target of $244.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1718053237_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive AppFolio. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Brent Bracelin</td>
<td>Piper Sandler</td>
<td>Announces</td>
<td>Overweight</td>
<td>$295.00</td>
<td>-</td>
</tr>
<tr>
<td>John Campbell</td>
<td>Stephens &amp; Co.</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$241.00</td>
<td>-</td>
</tr>
<tr>
<td>Ryan Tomasello</td>
<td>Keefe, Bruyette &amp; Woods</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$238.00</td>
<td>$215.00</td>
</tr>
<tr>
<td>Jason Celino</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$275.00</td>
<td>$264.00</td>
</tr>
<tr>
<td>Jason Celino</td>
<td>Keybanc</td>
<td>Raises</td>
<td>Overweight</td>
<td>$264.00</td>
<td>$254.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to AppFolio. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of AppFolio compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for AppFolio's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
To gain a panoramic view of AppFolio's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/APPF/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on AppFolio analyst ratings.</a>
<h2>About AppFolio</h2>
AppFolio Inc is a provider of cloud-based software solutions for real estate industry. Its property management software provides property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager). It also offers value-added services, such as screening, risk mitigation and electronic payment services. The business activity of the firm predominantly functions through the United States and it generates revenue in the form of subscription fees.
<h3>Financial Milestones: AppFolio's Journey</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: AppFolio's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 37.71%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Information Technology sector.
Net Margin: AppFolio's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 20.63%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): AppFolio's ROE excels beyond industry benchmarks, reaching 12.15%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 9.12%, the company showcases effective utilization of assets.
Debt Management: AppFolio's debt-to-equity ratio is below the industry average at 0.13, reflecting a lower dependency on debt financing and a more conservative financial approach.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating AppFolio: Insights From 5 Financial Analysts

Piper Sandler analyst Brent Bracelin initiates coverage on AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Overweight rating and announces Price Target of $295.

Price Target

Initiation

Piper Sandler Initiates Coverage On AppFolio with Overweight Rating, Announces Price Target of $295

Science Applications International Corporation&#39;s (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/saic#NASDAQ">SAIC</a>) shares plunged 11.8% on Monday after the company reported lower-than-expected bottom-line results for the first quarter of fiscal 2025. The company reported first-quarter adjusted earnings of $1.92 per share, which missed the Zacks Consensus Estimate by a penny.
The bottom line decreased 20% year over year due to a decline in revenues, increased internal investment and program performance milestones being weighted to the second half of the year. This was partially offset by a lower tax rate and a roughly 5% reduction in the weighted average share count.
Revenues declined 9% year over year to $1.85 billion but surpassed the consensus mark of $1.84 billion. The year-over-year decrease was due to the sale of the logistics and supply chain management division. The downside was partially offset by a ramp-up in existing and new contracts. Nevertheless, the top line increased 0.4% when adjusted for the impact of the logistics and supply chain management division&#39;s divestiture.
Adjusted EBITDA was $166 million, down 12% year over year. The adjusted EBITDA margin contracted 30 basis points (bps) on a year-over-year basis to 9%.
<div class="chart_embed">
<h3>Science Applications International Corporation Price, Consensus and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/SAIC/price-consensus-eps-surprise-chart?icid=chart-SAIC-price-consensus-eps-surprise-chart"><img alt="Science Applications International Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/77/1717504649.png" style="height:279px; width:610px" title="" /> </a>
Science Applications International Corporation price-consensus-eps-surprise-chart | Science Applications International Corporation Quote
</div>
Effective Feb 3, 2024, Science Applications reorganized its business structure and replaced the previous two operations with five new customer-facing business groups, supported by enterprise organizations, such as the Innovation Factory.
The five groups representing SAIC&#39;s operating segments have been combined into two reportable segments, Defense and Intelligence, and Civilian, based on their similar economic and qualitative characteristics and the nature of the customers.
<h3>Quarter in Detail</h3>
Net bookings for the fiscal first quarter were $2.6 billion, reflecting a book-to-bill ratio of 1.4. SAIC&#39;s estimated backlog of signed business deals was $23.6 billion at the end of the fiscal first quarter, of which $3.46 billion was funded.
Selling, general and administrative (SG&amp;A) expenses marginally increased 1.2% to $85 million. SG&amp;A expenses, as a percentage of revenues, rose to 4.6% from 4.1% in the year-ago quarter.
Non-GAAP operating income plunged 16.6% year over year to $131 million and the non-GAAP operating margin contracted 30 bps year over year to 8.6%.
<h3>Balance Sheet &amp; Cash Flow Details</h3>
Science Applications ended the fiscal first quarter with cash and cash equivalents of $49 million, down from the previous quarter&#39;s $94 million.
As of May 3, 2024, Science Applications&#39; long-term debt (net of the current portion) was $1.99 billion compared with $2.02 billion as of Feb 2, 2024.
The company generated operating and free cash flows of $98 million and $13 million, respectively, in the fiscal first quarter.
<h3>FY25 Guidance Update</h3>
Science Applications reiterated its fiscal 2025 guidance. The company projects its fiscal 2025 revenues in the range of $7.35-$7.50 billion. SAIC expects adjusted earnings in the range of $8-$8.20 per share. The Zacks Consensus Estimate for fiscal 2025 revenues and non-GAAP earnings is pegged at $7.45 billion and $8.11 per share, respectively.
It projects adjusted EBITDA in the $680-$700 million band and the adjusted EBITDA margin in the range of 9.2-9.4%. It projects to generate free cash flow in the band of $490-$510 million.
<h3>Zacks Rank and Stocks to Consider</h3>
Currently, Science Applications carries a Zacks Rank #3 (Hold). Shares of SAIC have lost 4.4% in the year-to-date period.
Some better-ranked stocks from the broader technology sector are AppFolio (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>), Arista Networks (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) and Alphabet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>), each sporting a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for AppFolio&#39;s 2024 EPS has been revised upward by 3 cents to $4 in the past 30 days. Shares of APPF have jumped 31.3% in the year-to-date period.
The Zacks Consensus Estimate for ANET&#39;s 2024 EPS has been revised upward by 43 cents to $7.92 in the past 30 days. Shares of ANET have climbed 25.9% in the year-to-date period.
The Zacks Consensus Estimate for Alphabet&#39;s 2024 EPS has been revised upward by 9 cents to $7.61 in the past 30 days. Shares of GOOGL have gained 24% in the year-to-date period.
<a href="https://www.zacks.com/stock/news/2283439/science-applications-saic-q1-earnings-miss-shares-fall-12?cid=CS-BENZ-FT-analyst_blog|earnings_article-2283439">To read this article on Zacks.com click here.</a>

Intuit (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/intu#NASDAQ">INTU</a>) reported fiscal third-quarter 2024 non-GAAP earnings of $9.88 per share, which beat the Zacks Consensus Estimate by 5.78%. The bottom line jumped 11% from the year-ago quarter. 
Revenues of $6.73 billion beat the consensus mark by 1.54% and increased 12% year over year.
<div class="chart_embed">
<h3>Intuit Inc. Price, Consensus and EPS Surprise</h3>
<a href="https://www.zacks.com/stock/chart/INTU/price-consensus-eps-surprise-chart?icid=chart-INTU-price-consensus-eps-surprise-chart"><img alt="Intuit Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/cf/1716556856.png" style="height:280px; width:620px" title="" /> </a>
Intuit Inc. price-consensus-eps-surprise-chart | Intuit Inc. Quote
</div>
<h3>Quarter Details</h3>
Small Business and Self-Employed Group revenues (35.4% of total revenues) grew 18% year over year to $2.38 billion. 
Within the segment, total Online Ecosystem revenues climbed 19% year over year to $1.8 billion. 
QuickBooks Online Accounting revenues were up 19% year over year to $860 million, driven primarily by customer growth, higher effective prices and a mix-shift to INTU&#39;s full-service offering. 
Online Services revenues, which include payroll, payments, time tracking and capital, jumped 20% year over year to $894 million. This was driven by strong performances of Mailchimp, QuickBooks Online Payroll and QuickBooks Online payments solutions. 
Total international online revenues increased 12% year over year on a constant-currency basis. 
Total Desktop Ecosystem revenues rose 14.5% year over year during the reported quarter to $633 million. 
Revenues from Consumer Group (54.2% of total revenues) increased 9.3% to $3.65 billion. 
Further, ProTax Group&#39;s professional tax revenues (3.8% of total revenues) rose 3.3% year over year to $254 million. 
The Credit Karma business contributed $443 million to Intuit&#39;s fiscal third-quarter total revenues, which increased 8% year over year, driven by strength in Credit Karma Money, credit cards, auto insurance and personal loans. 
Intuit&#39;s non-GAAP operating income climbed 10.5% to $3.71 billion. Non-GAAP operating margin contracted 70 basis points to 55.1% year over year.
<h3>Balance Sheet and Cash Flow</h3>
As of Apr 30, 2024, Intuit&#39;s cash and investments were $4.7 billion compared with $1.48 billion as of Jan 31, 2024. The company exited the fiscal third quarter with a long-term debt of $5.952 billion. 
Intuit repurchased $584 million of shares, with $2.1 billion remaining on the company&#39;s share repurchase authorization. 
INTU announced that its board approved a quarterly dividend of 90 cents per share to be paid on Jul 18, 2024. The newly approved dividend represents a year-over-year increase of 15%.
<h3>Outlook</h3>
For the fiscal fourth quarter of 2024, INTU expects revenues to grow between 13% and 14% on a year-over-year basis to the band of $3.063-$3.099 billion. Non-GAAP earnings for the quarter are estimated in the range of $1.80-$1.85 per share. 
The company anticipates fiscal fourth quarter non-GAAP operating income between $688 million and $708 million. 
Intuit projects fiscal 2024 revenues in the band of $16.164-$16.2 billion, indicating 13% growth. 
The company anticipates non-GAAP operating income between $6.36 billion and $6.38 billion. 
Intuit expects fiscal 2024 non-GAAP earnings per share between $16.79 and $16.84.
<h3>Zacks Rank &amp; Other Key Picks</h3>
Intuit carries a Zacks Rank #2 (Buy) at present. Shares of INTU have gained 6% in the year-to-date period. 
Some other top-ranked stocks from the broader Computer and Technology sector are AppFolio (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/appf#NASDAQ">APPF</a>), Arista Networks (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/anet#NYSE">ANET</a>) and Alphabet (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>), each sporting a Zacks Rank #1 (Strong Buy) at present. 
The Zacks Consensus Estimate for AppFolio&#39;s 2024 EPS has been revised upward by 13 cents to $3.97 in the past 30 days. Shares of APPF have surged 78.7% in the past year. 
The Zacks Consensus Estimate for ANET&#39;s 2024 EPS has been revised upward by 43 cents to $7.92 in the past 30 days. Shares of Arista Networks have surged 125.7% in the past year. 
The Zacks Consensus Estimate for Alphabet&#39;s 2024 EPS has been revised upward by 80 cents to $7.57 in the past 30 days. Shares of GOOGL have jumped 45.1% in the past year.
<a href="https://www.zacks.com/stock/news/2278829/intuit-intu-q3-earnings-beat-estimates-revenues-rise-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2278829">To read this article on Zacks.com click here.</a>

Alexander Wolf, Board Member at AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>), reported an insider sell on May 15, according to a new SEC filing. 
What Happened: According to a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001433195/000143319524000069//Archives/edgar/data/1433195/000143319524000069/0001433195-24-000069-index.htm">U.S. Securities and Exchange Commission</a> on Wednesday, Wolf sold 10,000 shares of AppFolio. The total transaction value is $2,502,600.
During Thursday's morning session, AppFolio shares down by 0.13%, currently priced at $249.54.
<h3>Get to Know AppFolio Better</h3>
AppFolio Inc is a provider of cloud-based software solutions for real estate industry. Its property management software provides property managers with an end-to-end solution to their business needs. Its products include cloud-based property management software (Appfolio Property Manager). It also offers value-added services, such as screening, risk mitigation and electronic payment services. The business activity of the firm predominantly functions through the United States and it generates revenue in the form of subscription fees.
<h3>Unraveling the Financial Story of AppFolio</h3>
Revenue Growth: AppFolio displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 37.71%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Information Technology sector.
Holistic Profitability Examination:
<ul>
<li>
Gross Margin: With a low gross margin of 65.51%, the company exhibits below-average profitability, signaling potential struggles in cost efficiency compared to its industry peers.
</li>
<li>
Earnings per Share (EPS): AppFolio's EPS outshines the industry average, indicating a strong bottom-line trend with a current EPS of 1.07.
</li>
</ul>
Debt Management: AppFolio's debt-to-equity ratio is below the industry average at 0.13, reflecting a lower dependency on debt financing and a more conservative financial approach.
Navigating Market Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: AppFolio's P/E ratio of 118.42 is below the industry average, suggesting the stock may be undervalued.
</li>
<li>
Price to Sales (P/S) Ratio: A higher-than-average P/S ratio of 13.66 suggests overvaluation in the eyes of investors, considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): The company's EV/EBITDA ratio 100.43 is above the industry average, suggesting that the market values the company more highly for each unit of EBITDA. This could be attributed to factors such as strong growth prospects or superior operational efficiency.
</li>
</ul>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
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<h3>Why Insider Transactions Are Key in Investment Decisions</h3>
In the complex landscape of investment decisions, investors should approach insider transactions as part of a comprehensive analysis, considering various elements.
When discussing legal matters, the term "insider" refers to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities, as stipulated in Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and significant hedge funds. Such insiders are required to report their transactions through a Form 4 filing, which must be completed within two business days of the transaction.
A new purchase by a company insider is a indication that they anticipate the stock will rise.
On the other hand, insider sells may not necessarily indicate a bearish view and can be motivated by various factors.
<h3>A Closer Look at Important Transaction Codes</h3>
In the domain of transactions, <a href="https://www.benzinga.com/money/investing-tools">investors</a> frequently turn their focus to those taking place in the open market, as meticulously outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001433195">Check Out The Full List Of AppFolio's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AppFolio Board Member Trades $2.50M In Company Stock

Shares of Aon plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AON#NYSE">AON</a>) fell sharply during Friday's session after the company reported worse-than-expected <a href="https://www.benzinga.com/quote/AON/earnings">quarterly financial results</a>.
Aon posted adjusted earnings of $5.66 per share, missing market estimates of $5.91 per share. The company's sales came in at $4.070 billion versus expectations of $4.126 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Aon shares dipped 7.4% to $283.19 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Biodexa Pharmaceuticals Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BDRX#NASDAQ">BDRX</a>) shares jumped 73.3% to $1.2475 after the company entered an exclusive license agreement with Rapamycin Holdings for the rights to eRapa.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) gained 63% to $0.0845.</li>
<li>NewGenIvf Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) shares gained 55% to $2.01 after dipping 16% on Thursday.</li>
<li>Universal Logistics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULH#NASDAQ">ULH</a>) surged 45.2% to $47.76 after the company reported better-than-expected first-quarter financial results.</li>
<li>Focus Universal Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCUV#NASDAQ">FCUV</a>) jumped 40% to $0.3967 after the company announced board approval for the spin-off of Lusher.</li>
<li>BranchOut Food Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BOF#NASDAQ">BOF</a>) gained 37% to $2.68.</li>
<li>Concord Medical Services Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCM#NYSE">CCM</a>) gained 29% to $0.6502. Concord Medical filed 2023 annual report on Form 20-F.</li>
<li>Exponent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPO#NASDAQ">EXPO</a>) shares climbed 28.5% to $102.41 after the company reported better-than-expected first-quarter financial results.</li>
<li>Skillsoft Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKIL#NYSE">SKIL</a>) climbed 26.4% to $8.60.</li>
<li>MultiMetaVerse Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMV#NASDAQ">MMV</a>) gained 24.2% to $0.61.</li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) gained 23% to $14.02 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates. Also, the company reported a year-over-year increase in quarterly daily active users.</li>
<li>Tutor Perini Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPC#NYSE">TPC</a>) surged 22.2% to $16.98 after the company reported better-than-expected first-quarter financial results and issued FY24 EPS guidance.</li>
<li>Sunshine Biopharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFM#NASDAQ">SBFM</a>) surged 22.2% to $0.9888.</li>
<li>U.S. Silica Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLCA#NYSE">SLCA</a>) gained 20% to $15.67 after the company reported first-quarter financial results and entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo.</li>
<li>Earlyworks Co., Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELWS#NASDAQ">ELWS</a>) rose 19.7% to $0.8725 after gaining 19% on Thursday.</li>
<li>Cullinan Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>) surged 19.5% to $23.03.</li>
<li>Tevogen Bio Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TVGN#NASDAQ">TVGN</a>) shares gained 19.3% to $1.0150 after falling over 43% on Thursday.</li>
<li>ATRenew Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NASDAQ">RERE</a>) surged 18.9% to $1.9150. ATRenew announced appointment of new director.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) gained 17.5% to $13.39.</li>
<li>Freight Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRGT#NASDAQ">FRGT</a>) climbed 17% to $1.0702 after gaining 5% on Thursday.</li>
<li>Skechers U.S.A., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) shares gained 16% to $68.20 after the company reported better-than-expected first-quarter FY24 earnings.</li>
<li>AppFolio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) surged 16% to $251.22 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
<li>Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) gained 15% to $7.97 after the company reported better than expected first-quarter earnings and issued guidance.</li>
<li>ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) shares rose 13.7% to $208.63 after the company reported better-than-expected third-quarter financial results.</li>
<li>Rogers Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROG#NYSE">ROG</a>) surged 12.7% to $123.46 after the company beat first-quarter EPS and sales estimates.</li>
<li>iLearningEngines, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AILE#NASDAQ">AILE</a>) gained 11.3% to $7.92</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) rose 10.6% to $172.52 the company posted upbeat results for its first quarter. Alphabet's board authorized an additional share repurchase program of up to $70 billion and also announced its first-ever quarterly dividend.</li>
<li>Kratos Defense &amp; Security Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) gained 8.8% to $18.80 after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $20 to $27.</li>
<li>AutoNation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) climbed 8.6% to $174.20 following second-quarter results.</li>
<li>Kintara Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTRA#NASDAQ">KTRA</a>) shares gained 8.4% to $0.8725 after gaining 15% on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>iClick Interactive Asia Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICLK#NASDAQ">ICLK</a>) shares fell 48.8% to $1.31 after the company announced the termination of its merger agreement.</li>
<li>Nuwellis, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NUWE#NASDAQ">NUWE</a>) fell 46.7% to $0.1540 after the company reported pricing of $2.7 million public offering.</li>
<li>Safe &amp; Green Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGBX#NASDAQ">SGBX</a>) fell 27.7% to $0.1584.</li>
<li>E-Home Household Service Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EJH#NASDAQ">EJH</a>) dipped 25.3% to $0.5752.</li>
<li>Nature Wood Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWGL#NASDAQ">NWGL</a>) fell 24.5% to $12.71.</li>
<li>IMAC Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BACK#NASDAQ">BACK</a>) dipped 22.9% to $3.93.</li>
<li>reAlpha Tech Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRE#NASDAQ">AIRE</a>) fell 20.8% to $1.10.</li>
<li>ZyVersa Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZVSA#NASDAQ">ZVSA</a>) fell 19.3% to $4.84.</li>
<li>Saia, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SAIA#NASDAQ">SAIA</a>) dipped 19.1% to $439.40 after the company reported worse-than-expected first-quarter financial results.</li>
<li>Kinsale Capital Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNSL#NYSE">KNSL</a>) fell 17.3% to $374.29 following first-quarter results.</li>
<li>Aclarion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACON#NASDAQ">ACON</a>) fell 15.5% to $0.3319. Aclarion shares jumped 36% on Thursday after the company announced that its Nociscan solution will be used in the upcoming LIFEHAB trial evaluating the diagnosis and treatment of chronic low back pain.</li>
<li>Oil States International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIS#NYSE">OIS</a>) fell 15% to $4.5250 after the company reported worse-than-expected first-quarter financial results.</li>
<li>Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>) shares declined 14.8% to $53.55 after the company reported worse-than-expected first-quarter adjusted EPS results.</li>
<li>Avenue Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATXI#NASDAQ">ATXI</a>) fell 13.5% to $7.59.</li>
<li>Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) fell 12.7% to $0.2260 after dipping 39% on Thursday. Chicken Soup For The Soul Entertainment received delinquency letter from the Nasdaq.</li>
<li>TriNet Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNET#NYSE">TNET</a>) fell 11.5% to $112.11 after the company reported worse-than-expected first-quarter results and issued weak guidance.</li>
<li>Intel Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares fell 11.1% to $31.23 after the company reported worse-than-expected first-quarter sales results and issued EPS guidance below estimates.</li>
<li>Accolade, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACCD#NASDAQ">ACCD</a>) dipped 10.6% to $8.22 following quarterly results.</li>
<li>XPO, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPO#NYSE">XPO</a>) fell 10.2% to $106.14.</li>
<li>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) shares fell 9.4% to $179.76 after the company reported third-quarter financial results. Atlassian said Scott Farquhar has decided to step down from his role as co-CEO, effective Aug. 31. Cannon-Brookes will continue to lead Atlassian as CEO.</li>
<li>Vincerx Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINC#NASDAQ">VINC</a>) shares fell 8.8% to $0.8180 after the company announced pricing of underwritten public offering of common stock and warrants.</li>
<li>SCWorx Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WORX#NASDAQ">WORX</a>) fell 8.7% to $2.52 after surging 36% on Thursday.   </li>
<li>ACM Research, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACMR#NASDAQ">ACMR</a>) fell 8.3% to $25.94 after announcing preliminary unaudited revenue and shipments for the first quarter.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares fell 8.2% to $57.63 after the company reported first-quarter financial results.</li>
<li>Processa Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCSA#NASDAQ">PCSA</a>) fell 7.8% to $2.52. Processa Pharmaceuticals shares jumped 50% on Thursday after HC Wainwright &amp; Co initiated coverage on the stock with a Buy rating and announced an $8 price target.</li>
<li>Red Rock Resorts, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RRR#NASDAQ">RRR</a>) dipped 7.4% to $54.83.</li>
<li>ArcBest Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARCB#NASDAQ">ARCB</a>) declined 7.3% to $128.07.</li>
<li>Allison Transmission Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALSN#NYSE">ALSN</a>) fell 6.6% to $74.97 following first-quarter results.</li>
<li>Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>) fell 6.2% to $184.41.</li>
<li>DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) shares declined 6.3% to $129.17 after the company reported first-quarter financial results.</li>
<li>Exxon Mobil Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>) fell 4% to $116.44 following weak earnings.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38459594/how-to-earn-500-a-month-from-dominos-pizza-stock-ahead-of-q1-earnings">How To Earn $500 A Month From Domino&#8217;s Pizza Stock Ahead Of Q1 Earnings</a>

Why Aon Shares Are Trading Lower By Around 7%? Here Are Other Stocks Moving In Friday's Mid-Day Session

Stephens &amp; Co. analyst John Campbell reiterates AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Overweight and maintains $241 price target.

Reiteration

Stephens & Co. Reiterates Overweight on AppFolio, Maintains $241 Price Target

U.S. stocks were higher, with the Dow Jones jumping over 150 points on Friday.
Shares of Skechers U.S.A., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) rose sharply during Friday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/24/04/38460429/why-are-skechers-shares-soaring-today">first-quarter FY24 earnings</a>.
Skechers reported first-quarter FY24 sales growth of 12.5% year-on-year to $2.251 billion, beating the analyst consensus estimate of $2.204 billion. EPS of $1.33 beat the analyst consensus of $1.10, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Skechers raised FY24 sales outlook from $8.60 billion-$8.80 billion to $8.725 billion-$8.875 billion, against an estimate of $8.781 billion. The company also raised FY24 EPS outlook from $3.65-$3.85 to $3.95-4.10 versus an estimate of $3.90.
Skechers U.S.A. shares climbed 16% to $68.20 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Universal Logistics Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULH#NASDAQ">ULH</a>) shares jumped 45.2% to $47.76 after the company reported better-than-expected first-quarter financial results.</li>
<li>Exponent, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPO#NASDAQ">EXPO</a>) shares gained 28.5% to $102.41 after the company reported better-than-expected first-quarter financial results.</li>
<li>Snap Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNAP#NYSE">SNAP</a>) rose 23% to $14.02 after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates. Also, the company reported a year-over-year increase in quarterly daily active users.</li>
<li>Tutor Perini Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPC#NYSE">TPC</a>) climbed 22.2% to $16.98 after the company reported better-than-expected first-quarter financial results and issued FY24 EPS guidance.</li>
<li>U.S. Silica Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLCA#NYSE">SLCA</a>) rose 20% to $15.67 after the company reported first-quarter financial results and entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo.</li>
<li>Cullinan Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGEM#NASDAQ">CGEM</a>) shares jumped 19.5% to $23.03.</li>
<li>ATRenew Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NASDAQ">RERE</a>) gained 18.9% to $1.9150. ATRenew announced appointment of new director.</li>
<li>ZIM Integrated Shipping Services Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZIM#NYSE">ZIM</a>) rose 17.5% to $13.39.</li>
<li>AppFolio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) gained 16% to $251.22 after the company reported better-than-expected first-quarter financial results and raised its FY24 revenue guidance above estimates.</li>
<li>Newell Brands Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) rose 15% to $7.97 after the company reported better than expected first-quarter earnings and issued guidance.</li>
<li>ResMed Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMD#NYSE">RMD</a>) shares gained 13.7% to $208.63 after the company reported better-than-expected third-quarter financial results.</li>
<li>Rogers Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ROG#NYSE">ROG</a>) rose 12.7% to $123.46 after the company beat first-quarter EPS and sales estimates.</li>
<li>Canopy Growth Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGC#NASDAQ">CGC</a>) gained 12.5% to $9.78.</li>
<li>Sonic Automotive, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAH#NYSE">SAH</a>) surged 12.2% to $63.60. B of A Securities analyst John Murphy upgraded Sonic Automotive from Underperform to Buy and raised the price target from $55 to $68.</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) gained 10.6% to $172.52 the company posted upbeat results for its first quarter. Alphabet's board authorized an additional share repurchase program of up to $70 billion and also announced its first-ever quarterly dividend.</li>
<li>KB Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KB#NYSE">KB</a>) gained 10% to $55.17 following quarterly results.</li>
<li>Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) climbed 9.9% to $8.22.</li>
<li>Redfin Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDFN#NASDAQ">RDFN</a>) gained 9.8% to $5.69.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) rose 9.2% to $7.73.</li>
<li>Kratos Defense &amp; Security Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>) rose 8.8% to $18.80 after Raymond James upgraded the stock from Outperform to Strong Buy and raised its price target from $20 to $27.</li>
<li>AutoNation, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) gained 8.6% to $174.20 following second-quarter results.</li>
<li>Minerals Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTX#NYSE">MTX</a>) gained 7.9% to $76.73 following upbeat earnings.</li>
<li>SkyWest, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>) surged 7.4% to $78.55 after the company reported better-than-expected quarterly financial results.</li>
<li>Geron Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GERN#NASDAQ">GERN</a>) rose 6.6% to $3.7950. Geron is expected to release its first quarter 2024 financial results on Thursday, May 2.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) surged 6.6% to $839.70.</li>
<li>Carlisle Companies Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CSL#NYSE">CSL</a>) rose 5.5% to $403.08 after the company reported better-than-expected quarterly financial results.</li>
<li>Pacific Biosciences of California, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PACB#NASDAQ">PACB</a>) gained 5.1% to $1.45.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38456583/around-1m-bet-on-biohaven-check-out-these-4-stocks-insiders-are-buying">Around $1M Bet On Biohaven? Check Out These 4 Stocks Insiders Are Buying</a>

Keefe, Bruyette &amp; Woods analyst Ryan Tomasello maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Market Perform and raises the price target from $215 to $238.

Keefe, Bruyette & Woods Maintains Market Perform on AppFolio, Raises Price Target to $238

Keybanc analyst Jason Celino maintains AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) with a Overweight and raises the price target from $264 to $275.

Keybanc Maintains Overweight on AppFolio, Raises Price Target to $275

CORRECTION: AppLovin Ticker Is 'APP'

<h3>Gainers</h3>
<ul>
<li>AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) stock moved upwards by 10.8% to $240.0 during Friday's pre-market session. The company's market cap stands at $8.6 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) stock rose 10.21% to $0.45. The market value of their outstanding shares is at $7.5 million. </li>
<li>Infobird Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IFBD#NASDAQ">IFBD</a>) stock moved upwards by 8.13% to $3.99. The market value of their outstanding shares is at $5.3 million. </li>
<li>Hitek Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HKIT#NASDAQ">HKIT</a>) stock rose 7.74% to $1.53. The market value of their outstanding shares is at $22.0 million. </li>
<li>Rubicon Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBT#NYSE">RBT</a>) stock moved upwards by 7.11% to $0.42. The company's market cap stands at $22.0 million. </li>
<li>T Stamp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) stock rose 6.57% to $0.81. The market value of their outstanding shares is at $8.5 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Spectaire Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPEC#NASDAQ">SPEC</a>) stock decreased by 8.7% to $0.52 during Friday's pre-market session. The market value of their outstanding shares is at $8.7 million. </li>
<li>MMTEC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares declined by 8.26% to $2.89. The market value of their outstanding shares is at $575.5 million. </li>
<li>Intel (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) shares decreased by 7.72% to $32.4. The company's market cap stands at $137.9 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>ARB IOT Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBB#NASDAQ">ARBB</a>) stock fell 7.41% to $1.0. The company's market cap stands at $26.4 million. </li>
<li>SMX (Security Matters) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMX#NASDAQ">SMX</a>) shares declined by 5.77% to $0.15. The company's market cap stands at $4.9 million. </li>
<li>Atlassian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) stock declined by 5.76% to $186.99. The company's market cap stands at $48.5 billion. As per the press release, Q3 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ARBB

HKIT

IDAI

IFBD

SPEC

12 Information Technology Stocks Moving In Friday's Pre-Market Session

WIIM

AppFolio shares are trading higher after the company reported better-than-expected Q1 financial results and raised its FY24 revenue guidance above estimates.

Guidance

AppFolio Raises FY24 Revenue Forecast From $755M-$765M To $766M-$774M, Est $764.752M

AppFolio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APPF#NASDAQ">APPF</a>) reported quarterly earnings of $1.05 per share which beat the analyst consensus estimate of $0.89 by 17.98 percent. This is a 10600 percent increase over losses of $(0.01) per share from the same period last year. The company reported quarterly sales of $187.430 million which beat the analyst consensus estimate of $178.689 million by 4.89 percent. This is a 37.71 percent increase over sales of $136.100 million the same period last year.

Earnings Beats

AppFolio Q1 2024 Adj EPS $1.05 Beats $0.89 Estimate, Sales $187.430M Beat $178.689M Estimate

The 61 rating InvestorsObserver gives to AppFolio Inc (APPF)  stock puts it near the top of the Software - Application industry. In addition to scoring higher than 89 percent of stocks in the Software - Application industry, APPFâ€&#x2122;s 61 overall rating means the stock scores better than 61 percent of all stocks. APPF has an O

Is AppFolio Inc (APPF) a Bad Choice in Software - Application Tuesday?

AppFolio Non-GAAP EPS of $1.05 beats by $0.16, revenue of $187.43M beats by $8.74M

AppFolio, Inc. (APPF) Q1 2024 Earnings Call Transcript

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
AppFolio (NASDAQ:<a href="https://investorplace.com/stock-quotes/appf-stock-quote/">APPF</a>) just reported results for the first quarter of 2024.<ul><li>AppFolio reported earnings per share of $1.05. This was above the analyst estimate for EPS of 89 cents.</li><li>The company reported revenue of $187.43 million.</li><li>This was 4.89% better than the analyst estimate for revenue of $178.69 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/appf-stock-earnings-appfolio-for-q1-of-2024/">APPF Stock Earnings: AppFolio Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

APPF Stock Earnings: AppFolio Beats EPS, Beats Revenue for Q1 2024

KBW analyst Ryan Tomasello maintained a Hold rating on AppFolio (APPF – Research Report) yesterday and set a price target of $238.00. The company's...

KBW Keeps Their Hold Rating on AppFolio (APPF)

KeyBanc analyst Jason Celino reiterated a Buy rating on AppFolio (APPF – Research Report) today and set a price target of $275.00. The company's sh...

KeyBanc Remains a Buy on AppFolio (APPF)

John Campbell, an analyst from Stephens, maintained the Buy rating on AppFolio (APPF – Research Report). The associated price target is $280.00. Jo...

AppFolio's Financial Triumph and Strategic Advancements Secure Buy Rating

AppFolio: Digital Rent Payment Shift To Fuel Top-Line Growth

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Many investors buy and hold <a href="https://investorplace.com/industries/technology/">tech stocks</a> for growth. And why not? Companies in the sector have been outperforming the S&amp;P 500 for as long as I can remember. Some top names are even doing the heavy lifting for the broad market, as evidenced by the tech bull run of 2023.



Smart investors jump in when familiar names experience a correction, hoping to join the ride to recovery. However, most investors tend to focus on big names, ignoring the growing tech stocks hidden on the sidelines.&nbsp;



Today, we&rsquo;ll look at three tech stocks showing signs of at least 10% growth in revenue and earnings. The companies are sorted based upon the highest earnings growth and in descending order. Let&rsquo;s dive in.



<h2>AppFolio (APPF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/appf-stock-1-300x169.jpg" alt="appfolio website"><div>Source: Pavel Kapysh / Shutterstock.com</div></div>Cloud technology has transformed the ways businesses work in various sectors. Companies like AppFolio (NASDAQ:<a href="https://investorplace.com/stock-quotes/appf-stock-quote/">APPF</a>) provide real estate industry solutions that enable customers to address critical operations and transform their businesses digitally.&nbsp;



The company&rsquo;s solutions cater to property managers and investment managers alike. AppFolio offers features that help with tenant screening, insurance-related risk mitigation services, payments and property management.&nbsp;



Recently, AppFolio reported impressive quarterly results, with revenue touching $187.4 million, <a href="https://ir.appfolioinc.com/news-releases/news-release-details/appfolio-inc-announces-first-quarter-2024-financial-results">up 38% from the same quarter of the previous year</a>. The company&rsquo;s EPS improvement from a 99-cent loss to a $1.07 gain was even more impressive, up 208% year-over-year (YOY).&nbsp;



President and Chief Executive Officer (CEO) Shane Trigg attributes the excellent performance to the company&rsquo;s commitment to innovation and exceptional service. Also, the company fosters deep connections with customers and drives continued success.&nbsp;



Therefore, AppFolio <a href="https://ir.appfolioinc.com/news-releases/news-release-details/appfolio-inc-announces-first-quarter-2024-financial-results">expects revenues to end between $766 million and $774 million</a> while operating margins grow 23% to 24% for fiscal year 2024. With solid growth and growing profitability, including AppFolio in your tech stocks watchlist makes a lot of sense.



<h2>Wix.com Ltd.(WIX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/wix-stock-300x169.jpg" alt="WIX sign on the office building in Tel-Aviv high tech zone. WIX Logo."><div>Source: MagioreStock / Shutterstock.com</div></div>If you want to attract customers online, you&rsquo;ll need a website. This makes companies like Wix.com Ltd. (NASDAQ:<a href="https://investorplace.com/stock-quotes/wix-stock-quote/">WIX</a>) an essential part of a growing company&rsquo;s strategy for scaling its business.&nbsp;



Wix.com offers solutions that let businesses of different sizes operate various functions, like selling goods, taking reservations and scheduling appointments. Recently, WIX announced the release of <a href="https://www.prnewswire.com/news-releases/now-live-wix-delivers-the-next-generation-of-web-creation-with-the-release-of-the-ai-website-builder-302078382.html">AI Website Builder</a>, incorporating artificial intelligence (AI) into the site-building experience. And, it helps customers build unique and professional websites.&nbsp;



Furthermore, Wix.com ended fiscal year 2023 with a bang, exceeding its targets and hinting at significant growth in future years. Revenue was up <a href="https://4f4a3186-9467-4c09-aa74-51fe1affec20.usrfiles.com/ugd/4f4a31_5a563984458e4366b657fc2729651771.pdf">13% YOY and reached $1.56 billion</a>. Also, EPS came in at 58 cents, a 108% improvement from last year&rsquo;s loss of $7.33 &ndash; a full two years earlier than guidance.&nbsp;



In addition, the company achieved a record free cash flow margin of 16%. Wrapping it up, Wix.com anticipates continued momentum through fiscal year 2024.&nbsp;Therefore, with a strong product list and improved profitability targets, WIX stock belongs on any growth investor&rsquo;s tech stocks to buy and hold watchlist.&nbsp;



<h2>Okta (OKTA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/12/okta1600-300x169.jpg" alt="A magnifying glass zooms in on the Okta (OKTA) logo."><div>Source: Lori Butcher / Shutterstock.com</div></div>If you&rsquo;ve worked in the corporate world, you may have heard of the terms single sign-on and multi-factor authorization. These security features ensure that only authorized users can access their software. The growth of technology has made companies like Okta (NASDAQ:<a href="https://investorplace.com/stock-quotes/okta-stock-quote/">OKTA</a>) an crucial part of protecting intellectual property and company-sensitive information.&nbsp;



Okta offers a full-featured identity access management (IAM) solution. It assists companies to employ multi-factor authentication, single sign-on and other features that seamlessly manage identities in the customer&rsquo;s system.&nbsp;



Recently, the company announced <a href="https://www.okta.com/press-room/press-releases/okta-announces-availability-of-fine-grained-authorization-for-enhanced/">Fine Grained Authorization</a>. It allows developers to build flexible, scalable and easy-to-use authorization models for business and intended use cases.



Okta ended fiscal year 2024 with impressive revenues and cash flow. Total revenue <a href="https://investor.okta.com/static-files/e1ba9e69-ccc9-449f-9937-62a35ee09be6">reached $2.3 billion, up 22%</a> YOY. Also, net loss saw relative improvements, reaching -$2.17 compared to last year&rsquo;s -$5.16.&nbsp;Meanwhile, free cash flow reached $489 million.



Okta&rsquo;s focus on modernizing and simplifying identity infrastructure has positioned it well to capitalize on market demand.&nbsp;Moving forward, Okta is optimistic about 2025, anticipating total revenue reaching $2.495 to $2.505 billion.



So, if you want to add tech companies to your portfolio for growth, OKTA stock should be one of your targets.



On the date of publication, Rick Orford did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com <a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Rick Orford is a Wall Street Journal best-selling author, investor, influencer, and mentor. His work has appeared in the most authoritative publications, including Good Morning America, Washington Post, Yahoo Finance, MSN, Business Insider, NBC, FOX, CBS, and ABC News.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/05/invest-in-growth-3-tech-stocks-to-buy-and-hold-for-long-term-wealth/">Invest in Growth: 3 Tech Stocks to Buy and Hold for Long-Term Wealth</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Invest in Growth: 3 Tech Stocks to Buy and Hold for Long-Term Wealth


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