AppFolio, Inc. (NASDAQ:APPF) Receives Average Recommendation of "Moderate Buy" 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 been given a consensus recommendation of "Moderate Buy" by the six brokerages that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $311.80.

A number of equities analysts recently weighed in on the stock. Keefe, Bruyette & Woods boosted their target price on shares of AppFolio from $295.00 to $311.00 and gave the stock a "market perform" rating in a report on Wednesday, September 3rd. DA Davidson reissued a "buy" rating and issued a $350.00 price target on shares of AppFolio in a report on Friday, August 1st. Finally, Piper Sandler raised shares of AppFolio from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $240.00 to $350.00 in a research report on Friday, August 1st.

Insider Activity at AppFolio

In other news, major shareholder Klaus Schauser sold 3,000 shares of AppFolio stock in a transaction on Friday, August 1st. The stock was sold at an average price of $295.14, for a total value of $885,420.00. Following the transaction, the insider owned 300,000 shares in the company, valued at approximately $88,542,000. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Maurice J. Duca sold 3,100 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $321.38, for a total value of $996,278.00. Following the transaction, the insider directly owned 42,400 shares of the company's stock, valued at approximately $13,626,512. The trade was a 6.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,803 shares of company stock valued at $16,938,949 over the last three months. 4.68% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC bought a new stake in AppFolio during the 4th quarter worth approximately $103,503,000. William Blair Investment Management LLC increased its stake in shares of AppFolio by 73.6% in the second quarter. William Blair Investment Management LLC now owns 733,428 shares of the software maker's stock valued at $168,894,000 after buying an additional 310,834 shares during the period. Principal Financial Group Inc. raised its position in shares of 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 acquiring an additional 220,239 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of AppFolio by 4,272.4% in the first quarter. Jacobs Levy Equity Management Inc. now owns 172,972 shares of the software maker's stock worth $38,037,000 after acquiring an additional 169,016 shares during the period. Finally, Fiera Capital Corp bought a new stake in AppFolio in the first quarter valued at approximately $35,896,000. Institutional investors own 85.19% of the company's stock.

AppFolio Trading Up 0.2%

AppFolio stock opened at $276.75 on Thursday. AppFolio has a 1-year low of $189.01 and a 1-year high of $326.04. The company has a fifty day simple moving average of $272.35 and a 200 day simple moving average of $237.68. The company has a market cap of $9.92 billion, a P/E ratio of 49.95 and a beta of 0.89.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The software maker reported $1.38 EPS 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 firm had revenue of $235.58 million for the quarter, compared to analysts' expectations of $230.10 million. During the same period in the previous year, the firm posted $1.12 EPS. The company's revenue for the quarter was up 19.4% on a year-over-year basis. AppFolio has set its FY 2025 guidance at EPS. On average, equities research analysts forecast 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.

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