Analysts Set AppFolio, Inc. (NASDAQ:APPF) PT at $276.29

AppFolio, Inc. (NASDAQ:APPF) has received a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $276.29.

APPF has been the subject of several analyst reports. William Blair reissued an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. Keefe, Bruyette & Woods lowered AppFolio from a “market perform” rating to an “underperform” rating and reduced their target price for the stock from $255.00 to $193.00 in a report on Tuesday, October 15th. Stephens reaffirmed an “overweight” rating and set a $295.00 price target on shares of AppFolio in a report on Friday, January 31st. Piper Sandler reaffirmed a “neutral” rating and set a $265.00 price objective on shares of AppFolio in a research report on Friday, January 31st. Finally, KeyCorp lowered AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 target price for the company. in a research report on Friday, January 10th.

Insider Buying and Selling at AppFolio

In other AppFolio news, CEO William Shane Trigg sold 4,145 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $263.32, for a total value of $1,091,461.40. Following the transaction, the chief executive officer now directly owns 73,682 shares in the company, valued at approximately $19,401,944.24. This trade represents a 5.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Maurice J. Duca sold 2,510 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $229.21, for a total transaction of $575,317.10. Following the sale, the insider now directly owns 2,459 shares of the company’s stock, valued at approximately $563,627.39. The trade was a 50.51 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,680 shares of company stock valued at $5,746,741. 5.24% of the stock is owned by company insiders.

Institutional Trading of AppFolio

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. grew its stake in shares of AppFolio by 85.7% during the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock valued at $29,000 after acquiring an additional 54 shares during the period. UMB Bank n.a. lifted its holdings in AppFolio by 193.0% during the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker’s stock valued at $41,000 after purchasing an additional 110 shares in the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of AppFolio in the fourth quarter worth approximately $50,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of AppFolio by 688.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker’s stock worth $52,000 after purchasing an additional 186 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of AppFolio by 60.4% during the 4th quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker’s stock valued at $61,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 85.19% of the company’s stock.

AppFolio Trading Down 1.6 %

AppFolio stock opened at $222.98 on Wednesday. AppFolio has a 12 month low of $189.01 and a 12 month high of $274.56. The company has a market capitalization of $8.10 billion, a price-to-earnings ratio of 40.18 and a beta of 0.88. The business’s fifty day simple moving average is $251.43 and its two-hundred day simple moving average is $234.18.

AppFolio (NASDAQ:APPF) last announced its quarterly earnings results on Thursday, January 30th. The software maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a return on equity of 26.21% and a net margin of 25.69%. On average, equities research analysts predict that AppFolio will post 3.96 EPS for the current year.

AppFolio Company Profile

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.