AppFolio (NASDAQ:APPF) Stock Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• AppFolio shares rose above their 50-day moving average, trading as high as $218.54 and last changing hands at $214.32, compared with a 50-day average of $212.29.
• Analyst sentiment remains favorable, with nine Buy ratings and three Holds producing a consensus “Moderate Buy” rating and an average price target of $250.00.
• AppFolio exceeded quarterly expectations, reporting $1.82 in earnings per share and $295.69 million in revenue, while revenue grew 18.5% year over year; however, insiders sold $26.0 million of stock during the last quarter.

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) shares crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $212.29 and traded as high as $218.54. AppFolio shares last traded at $214.32, with a volume of 551,426 shares changing hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. KeyCorp reiterated an "overweight" rating on shares of AppFolio in a research report on Wednesday, October 14th. Zacks Research lowered AppFolio from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, September 23rd. UBS Group boosted their target price on AppFolio from $220.00 to $240.00 and gave the stock a "neutral" rating in a research report on Friday. DA Davidson upped their target price on AppFolio from $240.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Weiss Ratings upgraded AppFolio from a "hold (c-)" rating to a "hold (c)" rating in a research note on Tuesday, August 11th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $250.00.

AppFolio Trading Up 1.8%

The company's fifty day moving average is $212.29 and its 200 day moving average is $184.25. The company has a market cap of $7.59 billion, a P/E ratio of 45.22 and a beta of 0.89.

AppFolio (NASDAQ:APPF - Get Free Report) last issued its earnings results on Thursday, October 22nd. The software maker reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.79 by $0.03. The company had revenue of $295.69 million for the quarter, compared to analysts' expectations of $294.46 million. AppFolio had a net margin of 15.62% and a return on equity of 33.56%. The firm's revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.31 EPS. Analysts anticipate that AppFolio, Inc. will post 5.19 EPS for the current year.

Insider Activity

In other news, major shareholder Maurice Duca sold 7,200 shares of AppFolio stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $180.27, for a total value of $1,297,944.00. Following the transaction, the insider owned 30,624 shares in the company, valued at approximately $5,520,588.48. The trade was a 19.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 131,117 shares of company stock worth $25,999,585 over the last quarter. 1.57% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AppFolio

Several institutional investors and hedge funds have recently bought and sold shares of APPF. Hilton Head Capital Partners LLC purchased a new position in AppFolio in the 3rd quarter worth approximately $40,000. Signaturefd LLC boosted its stake in shares of AppFolio by 30.8% during the third quarter. Signaturefd LLC now owns 612 shares of the software maker's stock valued at $123,000 after purchasing an additional 144 shares during the period. Seven Mile Advisory boosted its stake in shares of AppFolio by 3.3% during the third quarter. Seven Mile Advisory now owns 1,666 shares of the software maker's stock valued at $334,000 after purchasing an additional 54 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of AppFolio in the third quarter worth approximately $227,000. Finally, AMI Asset Management Corp grew its holdings in shares of AppFolio by 2.4% in the third quarter. AMI Asset Management Corp now owns 4,057 shares of the software maker's stock worth $814,000 after purchasing an additional 94 shares during the last quarter. 85.19% of the stock is currently owned by institutional investors.

AppFolio Company Profile

AppFolio, Inc is a cloud-based software company that provides technology solutions for the real estate industry. Its platform is designed primarily for property management businesses, helping them manage accounting, leasing, maintenance, communications, payments, reporting and other operational activities through a centralized system.

The company's products serve a range of property managers, including those overseeing residential, commercial, community association, student housing and senior living properties.

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