AppFolio, Inc. (NASDAQ:APPF) Short Interest Update

AppFolio, Inc. (NASDAQ:APPF) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 707,900 shares, a growth of 80.4% from the January 15th total of 392,300 shares. Based on an average trading volume of 229,200 shares, the short-interest ratio is currently 3.1 days.

AppFolio Stock Down 2.2 %

NASDAQ:APPF opened at $213.64 on Thursday. AppFolio has a 52 week low of $189.01 and a 52 week high of $274.56. The stock has a market capitalization of $7.76 billion, a PE ratio of 38.49 and a beta of 0.88. The stock’s 50-day moving average price is $248.82 and its 200-day moving average price is $233.70.

AppFolio (NASDAQ:APPF) last posted its earnings results on Thursday, January 30th. The software maker reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.34). AppFolio had a net margin of 25.69% and a return on equity of 26.21%. Sell-side analysts expect that AppFolio will post 3.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on APPF shares. Piper Sandler reaffirmed a “neutral” rating and set a $265.00 price target on shares of AppFolio in a research report on Friday, January 31st. William Blair reaffirmed an “outperform” rating on shares of AppFolio in a research report on Friday, January 31st. KeyCorp downgraded AppFolio from an “overweight” rating to a “sector weight” rating and set a $253.00 price target on the stock. in a research report on Friday, January 10th. Finally, Stephens reaffirmed an “overweight” rating and set a $295.00 price target on shares of AppFolio in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, AppFolio presently has an average rating of “Hold” and an average price target of $276.29.

Insider Buying and Selling

In related news, insider Matthew S. Mazza sold 838 shares of the firm’s stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $255.30, for a total value of $213,941.40. Following the completion of the transaction, the insider now owns 22,701 shares in the company, valued at $5,795,565.30. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Maurice J. Duca sold 1,059 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $229.10, for a total value of $242,616.90. Following the completion of the transaction, the insider now owns 9,388 shares of the company’s stock, valued at $2,150,790.80. This trade represents a 10.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,590 shares of company stock worth $4,544,279 in the last 90 days. Insiders own 5.24% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Tidal Investments LLC lifted its stake in AppFolio by 2.9% in the 3rd quarter. Tidal Investments LLC now owns 1,425 shares of the software maker’s stock worth $335,000 after purchasing an additional 40 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in AppFolio by 6.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 642 shares of the software maker’s stock worth $158,000 after purchasing an additional 40 shares in the last quarter. Independent Advisor Alliance lifted its stake in AppFolio by 2.1% in the 4th quarter. Independent Advisor Alliance now owns 2,607 shares of the software maker’s stock worth $643,000 after purchasing an additional 53 shares in the last quarter. Blue Trust Inc. lifted its stake in AppFolio by 85.7% in the 3rd quarter. Blue Trust Inc. now owns 117 shares of the software maker’s stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in AppFolio by 11.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 616 shares of the software maker’s stock worth $152,000 after purchasing an additional 65 shares in the last quarter. 85.19% of the stock is owned by hedge funds and other institutional investors.

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.