AppFolio, Inc. (NASDAQ:APPF) Director Alexander Wolf Buys 9,678 Shares

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) Director Alexander Wolf bought 9,678 shares of the firm's stock in a transaction that occurred on Thursday, February 13th. The stock was bought at an average price of $214.81 per share, for a total transaction of $2,078,931.18. Following the completion of the acquisition, the director now directly owns 3,226 shares in the company, valued at approximately $692,977.06. The trade was a -150.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

AppFolio Price Performance

APPF traded down $4.43 during trading on Friday, reaching $211.66. 290,877 shares of the stock traded hands, compared to its average volume of 291,174. The stock has a market cap of $7.70 billion, a price-to-earnings ratio of 38.14 and a beta of 0.88. AppFolio, Inc. has a fifty-two week low of $189.01 and a fifty-two week high of $274.56. The stock's 50-day simple moving average is $242.36 and its two-hundred day simple moving average is $233.50.

AppFolio (NASDAQ:APPF - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The software maker reported $0.58 earnings per share (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%. Research analysts anticipate that AppFolio, Inc. will post 3.96 earnings per share for the current fiscal year.

Institutional Trading of AppFolio

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of AppFolio by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 2,495,527 shares of the software maker's stock worth $615,696,000 after buying an additional 91,174 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of AppFolio by 43.2% in the fourth quarter. AQR Capital Management LLC now owns 655,625 shares of the software maker's stock worth $161,756,000 after buying an additional 197,700 shares during the last quarter. State Street Corp lifted its position in shares of AppFolio by 8.2% in the third quarter. State Street Corp now owns 653,136 shares of the software maker's stock worth $153,748,000 after buying an additional 49,238 shares during the last quarter. FMR LLC lifted its position in shares of AppFolio by 881.2% in the fourth quarter. FMR LLC now owns 597,485 shares of the software maker's stock worth $147,411,000 after buying an additional 536,591 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC lifted its position in shares of AppFolio by 4.7% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 572,917 shares of the software maker's stock worth $141,350,000 after buying an additional 25,566 shares during the last quarter. Institutional investors and hedge funds own 85.19% of the company's stock.

Wall Street Analyst Weigh In

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

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.