AppFolio, Inc. (NASDAQ:APPF) Receives $276.29 Average PT from Brokerages

Shares of AppFolio, Inc. (NASDAQ:APPF - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $276.29.

A number of equities analysts have recently issued reports on the company. KeyCorp downgraded AppFolio from an "overweight" rating to a "sector weight" rating and set a $253.00 price objective for the company. in a research report on Friday, January 10th. Keefe, Bruyette & Woods downgraded AppFolio from a "market perform" rating to an "underperform" rating and lowered their price objective for the stock from $255.00 to $193.00 in a research report on Tuesday, October 15th. William Blair restated an "outperform" rating on shares of AppFolio in a research report on Friday, January 31st. Piper Sandler restated a "neutral" rating and set a $265.00 price objective on shares of AppFolio in a research report on Friday, January 31st. Finally, Stephens restated an "overweight" rating and set a $295.00 price objective on shares of AppFolio in a research report on Friday, January 31st.

AppFolio Stock Down 1.6 %

Shares of APPF stock traded down $3.57 during mid-day trading on Wednesday, reaching $222.98. 362,041 shares of the stock traded hands, compared to its average volume of 319,856. The stock's fifty day simple moving average is $251.43 and its two-hundred day simple moving average is $234.34. AppFolio has a 1-year low of $189.01 and a 1-year high of $274.56. The company has a market cap of $8.10 billion, a price-to-earnings ratio of 40.18 and a beta of 0.88.

AppFolio (NASDAQ:APPF - Get Free Report) last announced its quarterly 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%. On average, equities research analysts anticipate that AppFolio will post 3.96 EPS for the current fiscal year.

Insiders Place Their Bets

In other AppFolio news, insider Matthew S. Mazza sold 926 shares of the firm's stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $229.04, for a total value of $212,091.04. Following the completion of the sale, the insider now owns 33,819 shares of the company's stock, valued at approximately $7,745,903.76. This trade represents a 2.67 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Maurice J. Duca sold 2,510 shares of the firm's stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $229.21, for a total value of $575,317.10. Following the completion of the sale, the insider now directly owns 2,459 shares of the company's stock, valued at $563,627.39. This trade represents a 50.51 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,606 shares of company stock worth $5,958,832. 5.24% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of APPF. Blue Trust Inc. boosted its position in shares of AppFolio by 85.7% during the third quarter. Blue Trust Inc. now owns 117 shares of the software maker's stock valued at $29,000 after buying an additional 54 shares during the last quarter. UMB Bank n.a. boosted its position in shares of AppFolio by 193.0% during the fourth quarter. UMB Bank n.a. now owns 167 shares of the software maker's stock valued at $41,000 after buying an additional 110 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new position in shares of AppFolio during the fourth quarter valued at approximately $50,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of AppFolio by 688.9% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 213 shares of the software maker's stock valued at $52,000 after buying an additional 186 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its position in shares of AppFolio by 60.4% during the fourth quarter. Jones Financial Companies Lllp now owns 247 shares of the software maker's stock valued at $61,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 85.19% of the company's stock.

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.