Insider Buying: AppFolio, Inc. (NASDAQ:APPF) Director Acquires 7,500 Shares of Stock

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) Director Timothy K. Bliss acquired 7,500 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was bought at an average cost of $217.02 per share, for a total transaction of $1,627,650.00. Following the completion of the purchase, the director now owns 7,500 shares of the company's stock, valued at $1,627,650. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

AppFolio Trading Up 0.3%

APPF stock traded up $0.70 during mid-day trading on Monday, reaching $217.95. The company's stock had a trading volume of 258,491 shares, compared to its average volume of 272,130. The company has a market cap of $7.85 billion, a price-to-earnings ratio of 39.27 and a beta of 0.87. The business's 50 day moving average price is $214.91 and its 200 day moving average price is $229.67. AppFolio, Inc. has a 12 month low of $189.01 and a 12 month high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its earnings results on Thursday, April 24th. The software maker reported $1.21 earnings per share for the quarter, missing analysts' consensus estimates 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 company's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.05 earnings per share. As a group, equities analysts expect that AppFolio, Inc. will post 3.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on APPF shares. Keefe, Bruyette & Woods cut their price objective on AppFolio from $210.00 to $205.00 and set an "underweight" rating on the stock in a research note on Friday, April 25th. DA Davidson raised AppFolio to a "strong-buy" rating in a research note on Tuesday, May 13th. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $265.00 price objective on shares of AppFolio in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, AppFolio presently has an average rating of "Moderate Buy" and an average target price of $274.43.

Institutional Investors Weigh In On AppFolio

Hedge funds and other institutional investors have recently modified their holdings of the company. Colonial Trust Co SC bought a new stake in shares of AppFolio during the fourth quarter valued at approximately $28,000. Fifth Third Bancorp increased its holdings in shares of AppFolio by 53.0% during the first quarter. Fifth Third Bancorp now owns 179 shares of the software maker's stock valued at $39,000 after acquiring an additional 62 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of AppFolio during the fourth quarter valued at approximately $50,000. Versant Capital Management Inc increased its holdings in shares of AppFolio by 4,975.0% during the first quarter. Versant Capital Management Inc now owns 203 shares of the software maker's stock valued at $45,000 after acquiring an additional 199 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of AppFolio by 10,300.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker's stock valued at $51,000 after acquiring an additional 206 shares in the last quarter. Institutional investors own 85.19% of the company's stock.

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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