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

Key Points

• AppFolio, Inc. has received a consensus rating of “Moderate Buy” from seven brokerages, with five analysts issuing buy ratings and two recommending a hold.
• The average 12-month target price for AppFolio among analysts is $311.80, reflecting positive outlooks by various research firms.
• Significant insider transactions were reported, including major shareholder Klaus Schauser selling 3,000 shares and CEO William Shane Trigg selling 4,000 shares, indicating notable insider activity.

Shares of AppFolio, Inc. (NASDAQ:APPF - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $311.80.

A number of research firms have recently issued reports on APPF. DA Davidson reiterated a "buy" rating and issued a $350.00 price objective on shares of AppFolio in a report on Friday, August 1st. Keefe, Bruyette & Woods lifted their price objective on shares of AppFolio from $295.00 to $311.00 and gave the company a "market perform" rating in a report on Wednesday, September 3rd. Weiss Ratings reiterated a "buy (b-)" rating on shares of AppFolio in a report on Wednesday, October 8th. Finally, Piper Sandler upgraded shares of AppFolio from a "neutral" rating to an "overweight" rating and lifted their price objective for the company from $240.00 to $350.00 in a report on Friday, August 1st.

Insider Buying and Selling

In related news, major shareholder Klaus Schauser sold 3,000 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $295.14, for a total transaction of $885,420.00. Following the transaction, the insider directly owned 300,000 shares in the company, valued at approximately $88,542,000. The trade was a 0.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Shane Trigg sold 4,000 shares of the business's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $276.95, for a total transaction of $1,107,800.00. Following the transaction, the chief executive officer owned 59,556 shares in the company, valued at approximately $16,494,034.20. The trade was a 6.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,803 shares of company stock worth $16,938,949. Insiders own 4.68% of the company's stock.

Hedge Funds Weigh In On AppFolio

A number of institutional investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in AppFolio by 84.4% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 773,579 shares of the software maker's stock worth $170,110,000 after buying an additional 354,061 shares during the last quarter. William Blair Investment Management LLC increased its holdings in AppFolio by 73.6% during the second quarter. William Blair Investment Management LLC now owns 733,428 shares of the software maker's stock worth $168,894,000 after buying an additional 310,834 shares during the last quarter. Geode Capital Management LLC increased its holdings in AppFolio by 0.3% during the second quarter. Geode Capital Management LLC now owns 438,522 shares of the software maker's stock worth $100,999,000 after buying an additional 1,458 shares during the last quarter. Principal Financial Group Inc. boosted its position in AppFolio by 121.2% during the first quarter. Principal Financial Group Inc. now owns 401,888 shares of the software maker's stock worth $88,375,000 after purchasing an additional 220,239 shares during the period. Finally, Invesco Ltd. boosted its position in AppFolio by 1.9% during the first quarter. Invesco Ltd. now owns 347,125 shares of the software maker's stock worth $76,333,000 after purchasing an additional 6,528 shares during the period. 85.19% of the stock is currently owned by institutional investors and hedge funds.

AppFolio Stock Performance

Shares of APPF stock opened at $224.87 on Monday. The company has a market capitalization of $8.06 billion, a P/E ratio of 40.59 and a beta of 0.83. The company's 50 day moving average price is $273.81 and its two-hundred day moving average price is $243.19. AppFolio has a 52 week low of $189.01 and a 52 week high of $326.04.

AppFolio (NASDAQ:APPF - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The software maker reported $1.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.27 by $0.11. AppFolio had a net margin of 23.54% and a return on equity of 26.32%. The company had revenue of $235.58 million for the quarter, compared to the consensus estimate of $230.10 million. During the same period last year, the company earned $1.12 earnings per share. The firm's revenue was up 19.4% compared to the same quarter last year. AppFolio has set its FY 2025 guidance at EPS. Analysts forecast that AppFolio will post 3.96 earnings per share for the current year.

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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