AppFolio, Inc. (NASDAQ:APPF) Receives Average Recommendation of "Moderate Buy" from Brokerages

AppFolio, Inc. (NASDAQ:APPF - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $276.29.

A number of equities analysts recently weighed in on APPF shares. Piper Sandler restated a "neutral" rating and set a $265.00 target price on shares of AppFolio in a report on Friday, January 31st. Stephens restated an "overweight" rating and set a $295.00 target price on shares of AppFolio in a report on Friday, January 31st. KeyCorp downgraded shares of AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 target price on the stock. in a report on Friday, January 10th. Finally, William Blair restated an "outperform" rating on shares of AppFolio in a report on Friday, January 31st.

Insider Buying and Selling at AppFolio

In other news, insider Matthew S. Mazza sold 700 shares of the business's stock in a transaction dated Tuesday, December 10th. The shares were sold at an average price of $255.50, for a total value of $178,850.00. Following the completion of the sale, the insider now owns 27,566 shares of the company's stock, valued at approximately $7,043,113. The trade was a 2.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO William Shane Trigg sold 4,145 shares of the business's stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $263.32, for a total transaction of $1,091,461.40. Following the completion of the sale, the chief executive officer now directly owns 73,682 shares of the company's stock, valued at approximately $19,401,944.24. The trade was a 5.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,184 shares of company stock worth $2,244,915 over the last ninety days. Insiders own 5.24% of the company's stock.

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Institutional Investors Weigh In On AppFolio

Institutional investors have recently modified their holdings of the business. Colonial Trust Co SC bought a new stake in shares of AppFolio in the fourth quarter valued at about $28,000. Blue Trust Inc. lifted its position in AppFolio by 85.7% during the third quarter. Blue Trust Inc. now owns 117 shares of the software maker's stock worth $29,000 after purchasing an additional 54 shares during the period. UMB Bank n.a. lifted its position in AppFolio by 193.0% during the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock worth $41,000 after purchasing an additional 110 shares during the period. Arcadia Investment Management Corp MI bought a new stake in AppFolio during the fourth quarter worth about $50,000. Finally, Aster Capital Management DIFC Ltd lifted its position in AppFolio by 10,300.0% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 208 shares of the software maker's stock worth $51,000 after purchasing an additional 206 shares during the period. Institutional investors own 85.19% of the company's stock.

AppFolio Stock Up 2.4 %

Shares of APPF stock traded up $5.35 during trading on Friday, reaching $223.97. The company's stock had a trading volume of 537,235 shares, compared to its average volume of 303,541. The business has a fifty day moving average price of $236.69 and a 200-day moving average price of $233.70. The company has a market cap of $8.15 billion, a price-to-earnings ratio of 40.35 and a beta of 0.88. AppFolio has a one year low of $189.01 and a one year high of $274.56.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly earnings data 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 return on equity of 26.21% and a net margin of 25.69%. Research analysts anticipate that AppFolio will post 3.96 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.