AppFolio, Inc. (NASDAQ:APPF) Given Average Recommendation of "Moderate Buy" by Analysts

Shares of AppFolio, Inc. (NASDAQ:APPF - Get Free Report) have received an average recommendation of "Moderate Buy" from the eight analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $274.43.

APPF has been the topic of several analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. Piper Sandler reissued a "neutral" rating and issued a $265.00 price target on shares of AppFolio in a report on Wednesday, April 23rd. Finally, DA Davidson raised shares of AppFolio to a "strong-buy" rating in a research note on Tuesday, May 13th.

Insider Buying and Selling at AppFolio

In related news, CEO William Shane Trigg sold 5,900 shares of AppFolio stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $211.45, for a total transaction of $1,247,555.00. Following the sale, the chief executive officer now directly owns 70,647 shares in the company, valued at $14,938,308.15. The trade was a 7.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Timothy K. Bliss acquired 7,000 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were acquired at an average cost of $217.95 per share, for a total transaction of $1,525,650.00. Following the purchase, the director now directly owns 22,000 shares of the company's stock, valued at $4,794,900. This represents a 46.67% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 18,500 shares of company stock valued at $4,024,220. 4.68% of the stock is currently owned by company insiders.

Institutional Trading of AppFolio

A number of hedge funds have recently made changes to their positions in APPF. Woodline Partners LP increased its position in AppFolio by 2.9% during the 1st quarter. Woodline Partners LP now owns 1,754 shares of the software maker's stock valued at $386,000 after buying an additional 50 shares in the last quarter. Independent Advisor Alliance raised its position in shares of AppFolio by 2.1% in the 4th quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker's stock worth $643,000 after purchasing an additional 53 shares during the last quarter. Treasurer of the State of North Carolina raised its position in shares of AppFolio by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 9,960 shares of the software maker's stock worth $2,457,000 after purchasing an additional 60 shares during the last quarter. Fifth Third Bancorp boosted its stake in 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 purchasing an additional 62 shares in the last quarter. Finally, Tidal Investments LLC grew its position in AppFolio by 4.7% during the 4th quarter. Tidal Investments LLC now owns 1,492 shares of the software maker's stock valued at $368,000 after purchasing an additional 67 shares during the last quarter. 85.19% of the stock is owned by institutional investors.

AppFolio Trading Up 4.8%

Shares of APPF traded up $10.49 during mid-day trading on Tuesday, reaching $228.44. The company's stock had a trading volume of 548,418 shares, compared to its average volume of 273,231. AppFolio has a 52 week low of $189.01 and a 52 week high of $274.56. The stock has a market cap of $8.23 billion, a PE ratio of 41.16 and a beta of 0.87. The company's fifty day moving average price is $214.91 and its two-hundred day moving average price is $229.67.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly 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 business had revenue of $217.70 million during the quarter, compared to the consensus estimate of $220.95 million. AppFolio had a return on equity of 26.21% and a net margin of 25.69%. The business's revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 earnings per share. Research analysts anticipate 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.