AppFolio, Inc. (NASDAQ:APPF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of AppFolio, Inc. (NASDAQ:APPF) have been given a consensus rating of “Moderate Buy” by the eight analysts that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $261.75.

Several brokerages have commented on APPF. JPMorgan Chase & Co. raised their target price on AppFolio from $260.00 to $328.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. KeyCorp cut their price objective on shares of AppFolio from $300.00 to $252.00 and set an “overweight” rating for the company in a research report on Friday. Piper Sandler decreased their target price on shares of AppFolio from $300.00 to $265.00 and set an “overweight” rating on the stock in a report on Friday. StockNews.com cut shares of AppFolio from a “buy” rating to a “hold” rating in a research note on Thursday, August 22nd. Finally, DA Davidson boosted their price target on shares of AppFolio from $285.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Insider Activity

In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $218.98, for a total transaction of $766,648.98. Following the sale, the chief executive officer now owns 81,699 shares in the company, valued at $17,890,447.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other AppFolio news, CEO William Shane Trigg sold 3,501 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $218.98, for a total transaction of $766,648.98. Following the transaction, the chief executive officer now directly owns 81,699 shares in the company, valued at $17,890,447.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Maurice J. Duca sold 200 shares of AppFolio stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $232.18, for a total transaction of $46,436.00. Following the transaction, the insider now directly owns 18,922 shares in the company, valued at $4,393,309.96. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 17,652 shares of company stock worth $4,053,818. 9.15% of the stock is currently owned by corporate insiders.

Institutional Trading of AppFolio

Several institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC increased its holdings in shares of AppFolio by 188.2% in the second quarter. Squarepoint Ops LLC now owns 185,034 shares of the software maker’s stock worth $45,254,000 after buying an additional 120,835 shares during the period. Westwind Capital increased its stake in AppFolio by 301.0% in the 2nd quarter. Westwind Capital now owns 149,240 shares of the software maker’s stock worth $3,650,000 after purchasing an additional 112,024 shares during the period. Los Angeles Capital Management LLC increased its stake in AppFolio by 516.6% in the 2nd quarter. Los Angeles Capital Management LLC now owns 109,850 shares of the software maker’s stock worth $26,866,000 after purchasing an additional 92,034 shares during the period. Jackson Square Partners LLC bought a new stake in AppFolio in the first quarter valued at approximately $21,568,000. Finally, Vanguard Group Inc. boosted its stake in shares of AppFolio by 3.6% during the first quarter. Vanguard Group Inc. now owns 2,152,626 shares of the software maker’s stock valued at $531,139,000 after purchasing an additional 73,965 shares during the period. 62.34% of the stock is currently owned by hedge funds and other institutional investors.

AppFolio Stock Up 10.6 %

NASDAQ APPF opened at $212.34 on Monday. The firm has a market cap of $7.69 billion, a P/E ratio of 102.58 and a beta of 0.81. The company’s 50 day moving average is $223.58 and its 200-day moving average is $231.00. AppFolio has a 12-month low of $164.29 and a 12-month high of $274.56.

AppFolio (NASDAQ:APPF) last released its quarterly earnings data on Thursday, October 24th. The software maker reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.26. The business had revenue of $206.00 million during the quarter, compared to analyst estimates of $199.11 million. AppFolio had a net margin of 17.32% and a return on equity of 27.39%. AppFolio’s revenue was up 24.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.26 EPS. Equities analysts expect that AppFolio will post 3.04 EPS for the current year.

About AppFolio

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.