AppFolio, Inc. (NASDAQ:APPF) Receives $311.80 Consensus Price Target from Analysts

Key Points

• AppFolio, Inc. has received a consensus recommendation of “Moderate Buy” from six brokerages, with an average twelve-month target price of $311.80.
• Significant **insider sales** occurred recently, with major shareholders selling thousands of shares, reflecting a **shift in their stake** in the company.
• AppFolio reported better-than-expected quarterly earnings with an EPS of $1.38, surpassing estimates and indicating a revenue increase of **19.4% year-over-year**.

Shares of AppFolio, Inc. (NASDAQ:APPF - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six analysts that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $311.80.

APPF has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of AppFolio from $295.00 to $311.00 and gave the company a "market perform" rating in a research note on Wednesday, September 3rd. DA Davidson reaffirmed a "buy" rating and set a $350.00 price target on shares of AppFolio in a report on Friday, August 1st. 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 research report on Friday, August 1st.

Insider Activity at AppFolio

In other AppFolio news, major shareholder Klaus Schauser sold 3,000 shares of AppFolio stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $295.14, for a total value of $885,420.00. Following the completion of the sale, the insider directly owned 300,000 shares in the company, valued at $88,542,000. The trade was a 0.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 directly owned 59,556 shares in the company, valued at $16,494,034.20. This trade represents a 6.29% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 58,803 shares of company stock valued at $16,938,949. Corporate insiders own 4.68% of the company's stock.

Institutional Investors Weigh In On AppFolio

A number of hedge funds and other institutional investors have recently modified their holdings of APPF. New York State Teachers Retirement System increased its position in shares of AppFolio by 80.8% in the first quarter. New York State Teachers Retirement System now owns 8,773 shares of the software maker's stock worth $1,929,000 after purchasing an additional 3,922 shares during the period. Envestnet Portfolio Solutions Inc. bought a new stake in AppFolio in the first quarter valued at approximately $420,000. Janney Montgomery Scott LLC bought a new stake in AppFolio in the first quarter valued at approximately $305,000. Oppenheimer Asset Management Inc. lifted its stake in AppFolio by 34.8% in the first quarter. Oppenheimer Asset Management Inc. now owns 5,049 shares of the software maker's stock valued at $1,110,000 after buying an additional 1,304 shares during the period. Finally, Northern Trust Corp lifted its stake in AppFolio by 0.8% in the first quarter. Northern Trust Corp now owns 193,780 shares of the software maker's stock valued at $42,612,000 after buying an additional 1,493 shares during the period. Institutional investors and hedge funds own 85.19% of the company's stock.

AppFolio Trading Up 0.6%

APPF stock traded up $1.68 on Thursday, hitting $281.57. The company's stock had a trading volume of 346,057 shares, compared to its average volume of 224,304. The stock has a market cap of $10.09 billion, a price-to-earnings ratio of 50.83 and a beta of 0.89. AppFolio has a 1 year low of $189.01 and a 1 year high of $326.04. The firm has a 50 day moving average of $273.92 and a two-hundred day moving average of $238.80.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its earnings results on Thursday, July 31st. The software maker reported $1.38 earnings per share for the quarter, topping the consensus estimate 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 analyst estimates of $230.10 million. During the same period in the prior year, the business posted $1.12 earnings per share. The firm's revenue for the quarter was up 19.4% compared to the same quarter last year. AppFolio has set its FY 2025 guidance at EPS. As a group, equities analysts forecast that AppFolio will post 3.96 EPS for the current fiscal 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.