Analysts Set AppFolio, Inc. (NASDAQ:APPF) PT at $303.00

Key Points

• AppFolio, Inc. has received a consensus rating of "Moderate Buy" from six brokerages, with an average target price of $303.00.
• The company reported $1.38 EPS in its latest quarterly earnings, exceeding estimates and reflecting a 19.4% increase in revenue year-over-year.
• Insider trading activity shows significant selling, with a major shareholder and the CEO both reducing their stakes in the company recently.

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the six brokerages that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $303.00.

APPF has been the topic of a number of analyst reports. DA Davidson restated a "buy" rating and issued a $350.00 target price on shares of AppFolio in a report on Friday, August 1st. Piper Sandler raised shares of AppFolio from a "neutral" rating to an "overweight" rating and increased their target price for the company from $240.00 to $350.00 in a research report on Friday, August 1st. Finally, Keefe, Bruyette & Woods raised shares of AppFolio from an "underperform" rating to a "market perform" rating and raised their price objective for the stock from $205.00 to $267.00 in a report on Thursday, July 31st.

Insider Buying and Selling

In other news, Director Robert Donald Casey III purchased 4,000 shares of the business's stock in a transaction on Friday, June 6th. The shares were acquired at an average price of $217.73 per share, with a total value of $870,920.00. Following the acquisition, the director directly owned 27,856 shares in the company, valued at approximately $6,065,086.88. The trade was a 16.77% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO William Shane Trigg sold 3,012 shares of AppFolio stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $264.98, for a total transaction of $798,119.76. Following the sale, the chief executive officer directly owned 63,556 shares in the company, valued at $16,841,068.88. The trade was a 4.52% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 18,500 shares of company stock worth $4,024,220 and have sold 50,285 shares worth $14,329,176. 4.68% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Colonial Trust Co SC purchased a new position in shares of AppFolio during the fourth quarter valued at approximately $28,000. Fifth Third Bancorp boosted its position in shares of AppFolio by 53.0% in the first quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock worth $39,000 after purchasing an additional 62 shares during the period. Versant Capital Management Inc boosted its position in shares of AppFolio by 4,975.0% in the first quarter. Versant Capital Management Inc now owns 203 shares of the software maker's stock worth $45,000 after purchasing an additional 199 shares during the period. Huntington National Bank boosted its position in shares of AppFolio by 58.7% during the second quarter. Huntington National Bank now owns 200 shares of the software maker's stock worth $46,000 after acquiring an additional 74 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of AppFolio during the second quarter worth $52,000. 85.19% of the stock is owned by hedge funds and other institutional investors.

AppFolio Stock Performance

Shares of NASDAQ APPF traded up $1.32 during trading on Friday, hitting $277.59. 64,717 shares of the company traded hands, compared to its average volume of 315,809. The business's fifty day moving average is $258.57 and its 200 day moving average is $231.11. AppFolio has a fifty-two week low of $189.01 and a fifty-two week high of $326.04. The firm has a market capitalization of $9.95 billion, a price-to-earnings ratio of 50.11 and a beta of 0.95.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The software maker reported $1.38 earnings per share for the quarter, beating 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 analyst estimates of $230.10 million. During the same quarter in the prior year, the business earned $1.12 earnings per share. The business's quarterly revenue was up 19.4% compared to the same quarter last year. AppFolio has set its FY 2025 guidance at EPS. On average, analysts predict 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.