AppFolio, Inc. (NASDAQ:APPF) Director Buys $870,920.00 in Stock

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) Director Robert Donald Casey III bought 4,000 shares of AppFolio stock in a transaction dated Friday, June 6th. The stock was purchased at an average price of $217.73 per share, with a total value of $870,920.00. Following the purchase, the director now directly owns 27,856 shares in the company, valued at approximately $6,065,086.88. This trade represents a 16.77% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

AppFolio Stock Up 0.3%

Shares of APPF traded up $0.70 during mid-day trading on Monday, hitting $217.95. 258,376 shares of the company's stock were exchanged, compared to its average volume of 272,130. The stock has a market cap of $7.85 billion, a price-to-earnings ratio of 39.27 and a beta of 0.87. The firm has a fifty day moving average of $215.10 and a two-hundred day moving average of $229.84. AppFolio, Inc. has a twelve month low of $189.01 and a twelve month high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last released its earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.02). The company had revenue of $217.70 million during the quarter, compared to the consensus estimate of $220.95 million. AppFolio had a net margin of 25.69% and a return on equity of 26.21%. The firm's quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 EPS. On average, equities analysts predict that AppFolio, Inc. will post 3.96 earnings per share for the current year.

Hedge Funds Weigh In On AppFolio

Institutional investors have recently bought and sold shares of the business. Colonial Trust Co SC bought a new stake in AppFolio in the fourth quarter valued at about $28,000. Fifth Third Bancorp increased its stake in AppFolio by 53.0% in the first quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock valued at $39,000 after acquiring an additional 62 shares during the last quarter. Versant Capital Management Inc lifted its stake in AppFolio by 4,975.0% in the 1st quarter. Versant Capital Management Inc now owns 203 shares of the software maker's stock valued at $45,000 after purchasing an additional 199 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of AppFolio during the fourth quarter worth about $50,000. Finally, Aster Capital Management DIFC Ltd raised its position in AppFolio by 10,300.0% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker's stock worth $51,000 after purchasing an additional 206 shares during the last quarter. Institutional investors own 85.19% of the company's stock.

Analysts Set New Price Targets

APPF has been the subject of a number of research analyst reports. DA Davidson upgraded AppFolio to a "strong-buy" rating in a research report on Tuesday, May 13th. Keefe, Bruyette & Woods dropped their price target on shares of AppFolio from $210.00 to $205.00 and set an "underweight" rating for the company in a research report on Friday, April 25th. Finally, Piper Sandler reissued a "neutral" rating and set a $265.00 target price on shares of AppFolio in a research report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, AppFolio has a consensus rating of "Moderate Buy" and a consensus target price of $274.43.

About AppFolio

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.

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