AppFolio, Inc. (NASDAQ:APPF - Get Free Report) Director Timothy K. Bliss acquired 7,000 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were acquired at an average cost of $217.95 per share, with a total value of $1,525,650.00. Following the transaction, the director now owns 22,000 shares in the company, valued at approximately $4,794,900. The trade was a 46.67% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.
AppFolio Trading Up 0.3%
AppFolio stock traded up $0.70 during midday trading on Monday, reaching $217.95. 258,491 shares of the stock traded hands, compared to its average volume of 272,130. The firm has a fifty day moving average price of $214.91 and a two-hundred day moving average price of $229.67. The firm has a market cap of $7.85 billion, a price-to-earnings ratio of 39.27 and a beta of 0.87. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56.
AppFolio (NASDAQ:APPF - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates of $1.23 by ($0.02). The company had revenue of $217.70 million during the quarter, compared to analyst estimates of $220.95 million. AppFolio had a return on equity of 26.21% and a net margin of 25.69%. The company's revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 earnings per share. Analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current year.
Wall Street Analysts Forecast Growth
APPF has been the subject of a number of analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of AppFolio from $210.00 to $205.00 and set an "underweight" rating for the company in a research note on Friday, April 25th. DA Davidson raised shares of AppFolio to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Piper Sandler reissued a "neutral" rating and set a $265.00 target price on shares of AppFolio in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, AppFolio has an average rating of "Moderate Buy" and a consensus target price of $274.43.
Get Our Latest Research Report on AppFolio
Institutional Trading of AppFolio
Institutional investors have recently made changes to their positions in the stock. Colonial Trust Co SC acquired a new stake in shares of AppFolio in the 4th quarter worth approximately $28,000. Fifth Third Bancorp lifted its stake in shares of AppFolio by 53.0% in the 1st quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock worth $39,000 after acquiring an additional 62 shares during the period. Versant Capital Management Inc lifted its stake in shares of AppFolio by 4,975.0% in the 1st quarter. Versant Capital Management Inc now owns 203 shares of the software maker's stock worth $45,000 after acquiring an additional 199 shares during the period. Arcadia Investment Management Corp MI acquired a new stake in shares of AppFolio in the 4th quarter worth approximately $50,000. Finally, Aster Capital Management DIFC Ltd lifted its stake in shares of AppFolio by 10,300.0% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker's stock worth $51,000 after acquiring an additional 206 shares during the period. 85.19% of the stock is owned by institutional investors and hedge funds.
About AppFolio
(
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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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